During the flowering period, layoffs were laid off, and the business accelerated its transformation into crypto assets.

Citigroup is about to undergo large-scale layoffs and management restructuring. This rectification operation is called "Bora Bora" and was initiated by CEO Jane Fraser. The goal is to simplify the company's structure and improve decision-making efficiency. The original 13-layer management structure will be reduced to 8 layers, and upper-level management will reduce 15% of functional roles. At the same time, approximately thousands of jobs will be eliminated. In this regard, Citi hopes to allow affected employees to find suitable positions internally and transfer. Faced with this change, laid-off employees may turn to emerging financial technology fields, such as cryptocurrency, to find new job opportunities. Continuous growth and innovation in this field provide financial industry professionals with a wide range of employment options.