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Citigroup slashes banker promotions in cost-cutting drive: report

By New York Post   |   3 weeks ago
Citigroup slashes banker promotions in cost-cutting drive: report

Citigroup's CEO Jane Fraser plans to reduce year-end promotions for bankers to control costs. Just 2,000 employees will receive pay raises and senior titles, down from 8,000 previously. The firm denies reports of significant promotion declines.

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