Citigroup boss Jane Fraser’s ‘Project Bora Bora’ could reportedly see 10% of staff laid off at the Wall Street giant

Wall Street’s most powerful woman could be gearing up to let 10% of her staff go, according to a new report.

Earlier this year, Citigroup CEO Jane Fraser announced that the lender would be making sweeping internal changes, which she insisted would smooth out corporate hierarchies and streamline decision-making processes.

CNBC reported on Monday that managers and consultants working on the bank’s restructuring had since discussed laying off at least one in 10 workers across several of its…

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