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Here come the layoffs. Jobs and unemployment are important economic indicators now in 2023. Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’ Managers and consultants working on Citigroup CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, according to sources. Executives will see cuts beyond 10% because of Fraser’s push to eliminate regional managers, co-heads and others with overlapping responsibilities, they said. The corporate overhaul, known internally as “Project Bora Bora,” has employees on edge. The talks are early and numbers may shift in coming weeks. #layoffs #jobs #unemployment #economy #financial #job #interestrates

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Is the Economy Really In Dire Straits? 0:00

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