Citigroup to cut 11,000 jobs
USA Today: Citigroup, the 3rd-largest US bank, says it plans to cut about 11,000 jobs in an effort to reduce costs.
In a statement, the New York-based bank says it will take a pretax charge of about $1.1 billion this quarter. It expects savings to be $900 million 2013.
Photo: A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange. (Brendan McDermid / Reuters)

Citigroup to cut 11,000 jobs

USA Today: Citigroup, the 3rd-largest US bank, says it plans to cut about 11,000 jobs in an effort to reduce costs.


In a statement, the New York-based bank says it will take a pretax charge of about $1.1 billion this quarter. It expects savings to be $900 million 2013.

Photo: A Citi sign is seen at the Citigroup stall on the floor of the New York Stock Exchange. (Brendan McDermid / Reuters)

Notes

  1. mannyiz4real reblogged this from breakingnews
  2. liimperatrice reblogged this from breakingnews
  3. inpursuitofbeautifulanguage reblogged this from breakingnews
  4. iammindboggling reblogged this from kennyvee and added:
    For all you kids who do not know, this is one of the investment banks that the government bailed out. & how about we...
  5. kennyvee reblogged this from breakingnews and added:
    The new economy. Citigroup profits are up, but they cut jobs so they can go up even more. Can we stop blaming Obama for...
  6. king-kong-sandwiches reblogged this from twelfth-helix
  7. freedomnewsnetwork reblogged this from freedomnewsnetwork
  8. shiftyobserver reblogged this from breakingnews
  9. finishort reblogged this from breakingnews and added:
    POSITIVE market Reaction to layoffs.
  10. west-ward reblogged this from breakingnews and added:
    Okay so Citi’s ceo who just resigned made $206,553,869 in the 3 years he worked for the company. (plus he has a net...
  11. the-electric-boogaloo reblogged this from breakingnews
  12. husky04 reblogged this from breakingnews
  13. garrettgary reblogged this from geekandpromiscuousdiscourse and added:
    Pretty funny it’s called Hit the Road, eh?
  14. geekandpromiscuousdiscourse reblogged this from breakingnews and added:
    My best font match—Hit the Road: I thought I’d be able to find something closer, but it’s all I got.
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  21. kuwaitigenius reblogged this from breakingnews and added:
    Citigroup to cut 11,000 jobs USA Today: Citigroup, the 3rd-largest US bank, says it plans to cut about 11,000 jobs in an...
  22. breakingnews posted this