Citigroup stock price slides on fresh layoff plans as Fed week looms
Citigroup shares fell 1.8% to $113.59 Friday after CEO Jane Fraser’s renewed cost-cutting push and news of about 1,000 job cuts this month. Sources say more layoffs are planned for March. Citi also announced a $2.5 billion bond redemption to settle Jan. 28. The stock ended the week lower as policy uncertainty and market volatility persisted.