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Fortune
Fortune
Chloe Taylor

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

Citigroup CEO Jane Fraser testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill September 22, 2022 in Washington, DC. (Credit: Drew Angerer/Getty Images)

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.

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