American financial company Citigroup plans to lay off 20 thousand employees, said Mark Mason, the company’s chief financial officer. The agency reports that Reuters.
According to the agency, the cuts are planned to be made within two years as part of a large-scale restructuring. This is expected to allow the company to reduce costs by $2-2.5 billion.
It was noted that the number of Citigroup personnel will decrease to approximately 180 thousand people. Mason emphasized that reducing staff would not prevent the company from increasing its revenues, but it would be morally difficult.
Before that DPA agency reportedHe reported that two German companies that suffered financial losses due to their investments in Russia applied for compensation to the German government.
Previously, oil and gas company Wintershall Dea, a subsidiary of BASF, had also approached the federal government with a similar request.
Previously Mishustin in the name Avoid excessive optimism.