Citigroup has successfully completed a major restructuring initiative dubbed Project Bora Bora, resulting in the elimination of 7,000 jobs in the first quarter of 2024.
![PHOTO: Citi](https://krugmaninsights.com/wp-content/uploads/2024/04/citi-e1713166442776.webp)
Initiated by CEO Jane Fraser in September, the strategy aimed to streamline operations and concluded on March 31. Under Fraser’s directive, Citigroup streamlined its structure by