READ: Citigroup lays off more bosses —sources Citi eliminated 1,500 managerial roles comprising 13 percent of its worldwide leaders, Fraser said as the company released its fourth-quarter ...

Citigroup Inc. said Jan. 12 it will lay off 20,000 employees in the next two years in an effort to save $2.5 billion. The New York City-based bank announced the cuts in the wake of its poor ...