Citi CEO Warns of More Job Cuts, Calls Time on ‘Old, Bad Habits’

Fraser's call to action reflects a broader trend in the banking industry, where leaders are increasingly recognizing the importance of adapting to modern challenges. By addressing 'old, bad habits,' she is not only aiming to streamline operations but also to enhance employee morale and customer satisfaction. The potential job cuts may be a necessary, albeit difficult, step in this transformative process, indicating a decisive move towards a more agile corporate structure.