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Nov 17, 2008

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

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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

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2 Responses

  1. » A Citi of Layoffs: 52,000 More to Lose Jobs - Banking - CFO.com says:
    November 17, 2008 at 3:20 pm

    [...] Saket Rungta wrote an interesting post today onHere’s a quick excerpt 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. citi layoffs says:
    November 29, 2008 at 7:39 am

    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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