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Corporate Overhaul at Citigroup
Pierre Buhler was featured in this CNBC article about the corporate overhaul underway at Citigroup in the wake of the new CEO Jane Fraser's plan for sweeping layoffs in an attempt to cut costs.
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Citi Considers 10% Job Reduction
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Insight
Citi Considers 10% Job Reduction
Pierre Buhler is featured in this Retail Dive article about the reorganization underway at Citigroup under new CEO Jane Fraser.
Pierre analyzes the tough predicament new CEO Jane Fraser is in stating, “She had no choice. Citi is not doing well, so she’s firing on every cylinder.”
He notes that if successful, she will achieve something unprecedented in banking, “If Jane Fraser can pull off what she’s announced, she will be a hero, there is no question. By announcing that, effectively, she would remove five layers of management, that’s something that has never been done in banking.”
Read the full article HERE.
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