Jane Fraser Restructures Citi by Reducing Management Layers from 13 to 8
Citi CEO Jane Fraser has streamlined the bank's management structure as part of her turnaround strategy, reducing layers from 13 to 8 and reorganizing into five divisions reporting directly to her. The restructuring is credited with contributing to Citi’s improved financial performance, including a record quarterly revenue in April and an 80% rise in stock price since Fraser took over.
