Citigroup is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported Thursday, citing people familiar with the matter.

Managing directors in the wealth and the technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, according to the report.

Citi's stock surged 37% in 2024, outperforming the broader banking index and the equity markets, as investors cheered Fraser's efforts to transform the bank.