Citigroup to announce job cuts of up to 50,000: CNBC

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uploaded by Amitjha November 17, 2008 at 04:51 am
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Citigroup to announce job cuts of up to 50,000: CNBC by Amitjha

Job market is engulfed in fire, and latest victim is city group employees.According to city group CEO Mr. Pandit, company is going to say goodbye to 50000 employee worldwide.

Citigroup Inc CEO Pandit will announce job cuts of up to 50,000, according to a report on Monday by CNBC. Highlights:

* Job cuts to come from layoffs and attrition

* Implements significant expense reductions

* Workforce to shrink to 300,000 from 350,000

* To cut risky assets significantly, strengthen capital position

* Job cuts to be wrapped up in the first two months of 2009

Source: reuters.com

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Title: Citigroup to announce job cuts of up to 50,000: CNBC
File Size: 107 × 143 – 3.61 KB

Created: Mon, 11/17/2008 - 4:51am
Modified: Mon, 11/17/2008 - 4:51am

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panzerlawyer
panzerlawyer

at 19:23 on November 17th, 2008

Great photo

This photo was created over 3 months ago, the comment thread is now closed.

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