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flag Senior sales executive Conor Davis leaves Citigroup as CEO Jane Fraser restructures, aiming to cut 20,000 roles and save $2.5B.

flag Conor Davis, a senior sales executive at Citigroup's trading unit, is set to depart as CEO Jane Fraser pursues an extensive restructuring. flag Davis managed sales and relationships with hedge funds and key institutional clients. flag Citigroup plans to cut 5,000 jobs by Q1, aiming for a total reduction of 20,000 roles and saving $2.5B in expenses to boost returns and raise stock price.

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