Citigroup (NYSE:C) said on Wednesday it’s cutting management layers to create a flatter corporate structure in an effort to speed up decision-making, increase accountability and strengthen in its focus on clients.

As part of the reorganization the leaders of Citi’s five businesses will now report directly to CEO Jane Fraser and will become members of the bank’s executive management team.Those business leaders include: Shahmir Khaliq, Services; Andrew Morton, Markets; Peter Babej, Banking (interim); Andy Sieg, Wealth (starting Sept. 27); and Gonzalo Luchetti, U.S. Personal Banking.

“These changes eliminate unnecessary complexity across the bank, increase accountability for delivering excellent client service and strengthen our ability to benefit from the natural linkages that exist amongst our businesses, all with an eye toward delivering on our medium-term targets and our transformation,” Fraser said.

The company’s statement didn’t say how man jobs are being cut in the process. The reorganization will eliminate the existing regional layers in Asia Pacific, Europe, Middle East and Africa and Latin America.

It will also eliminate the Personal Banking & Wealth Management and Institutional Clients Group Management layers.

Fraser and CFO Mark Mason will discuss the changes today at the Barclays Global Financial Services Conference at 10:30 AM ET.

Recall that in 2021, the company announced plans for its global retail bank to exit 13 regional markets.