Monday, November 17, 2008

Wow

Citigroup set to cut 75,000 jobs

Citigroup set to cut 75,000 jobs Breaking News US bank Citigroup has announced plans for up to 75,000 job cuts, up from a previously announced total of 23,000. Citigroup said in a statement that the cuts represented a reduction of about 20% of its staff, leaving the bank with 300,000 jobs worldwide. The cuts will come from redundancies, the sale of units and natural wastage, the bank said.

Posted by neiloxford @ 01:55 PM (628 views)
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