Citigroup notifies its employees about job cuts

by American Banker

American Banker— The megabank did not say how many positions it plans to cut as part of a reorganization that represents Jane Fraser's biggest move so far as CEO.—Citigroup to allegedly announce job cuts on Nov. 20. Citigroup Inc. is set to unveil its first major wave of job cuts and role assignments on November 20, The Financial Times reported citing people familiar with the company's plans. According to th

Mobile World Live—Sunrise plans 200 job cuts. Swiss operator Sunrise outlined plans to shed 200 jobs in Q1 2024, part of an effort to further streamline its corporate structure following a takeover by Liberty Global in 2020.—Amazon to cut 'several hundred' Alexa jobs. The cuts affect "several hundred" employees working on Alexa, according to the email. A spokeswoman declined to elaborate on exactly how many were affected.