3-month loss of $1.8 billion, Citibank announces 20,000 job cuts
Hawk_Finance
2024-01-16 16:40:02
2.76W
Share to:
Collect
Hot List Ranking
- The original signing date has been postponed, and Li Ka-shing's port transaction has been urgently stoppedHawk News
- China's Ministry of Commerce: If the US continues to play the tariff numbers game, China will ignore itGlobal Finance
- Trump's tariff policy reverses again: semiconductor tariffs will be implemented in one or two months!Hawk News
- Tesla's first-quarter performance plummeted, and Musk said he would significantly reduce government workHawk News
- Toyota's R&D in China will be localized, and Chinese engineers will lead product developmentHawk News
On January 12, local time, a number of major U.S. Wall Street banks announced their fourth quarter 2023 results。Financial results show that Citibank's fourth quarter from profit to loss, the CEO said that the quarter results "look bad" "extremely disappointing," the bank's revenue fell 3% year-on-year to 174.$400 million, missing analyst expectations of 187.$400 million。According to US media reports, Citibank announced that it will lay off 20,000 people in the next two years, accounting for about 10% of its total workforce.。Up to $2.5 billion in savings expected。
·Original
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.