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A Citi of Layoffs: 52,000 More to Lose Jobs – Banking – CFO.com

The other shoe dropped at Citigroup, and it was a big one. The banking giant said it is cutting another 52,000 jobs, on top of the roughly 23,000 in reductions made earlier this year.

In a town hall meeting Monday with employees, however, Citi said that its underlying business remains strong and that revenues have been stable.

via A Citi of Layoffs: 52,000 More to Lose Jobs – Banking – CFO.com

2 comments on “A Citi of Layoffs: 52,000 More to Lose Jobs – Banking – CFO.com

  1. Pingback: » A Citi of Layoffs: 52,000 More to Lose Jobs - Banking - CFO.com

  2. citi layoffs
    November 29, 2008

    The other shoe dropped at Citigroup, and it was a big one. The banking giant said it is cutting another 52,000 jobs, on top of the roughly 23,000 in reductions made earlier this year. In a town hall meeting Monday with employees, however,

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This entry was posted on November 17, 2008 by in Financial Markets, Meltdown, Uncategorized, US and tagged , , , , .

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