“If you were the average citizen here and you say, ‘These wealthy people are getting unbelievably wealthy, and this segment’s been left behind,’ that’s kind of annoying,” Dimon said.

20,000 layoffs, 14 markets exited, one flatter bank—Jane Fraser’s Citi playbook is working. Wall Street wants to know what’s next.

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.