Citigroup to Cut 11000 Jobs as New CEO Moves to Slash Costs

Citi to Cut 11000 Jobs as New CEO Moves to Slash Costs
Wall Street Journal
Citigroup Inc. said Wednesday that it will eliminate 11,000 jobs, or about 4% of its workforce, and take a related $1 billion fourth-quarter charge.

Citigroup New CEO Wastes Little Time; Cuts 11000 Jobs
Wall Street Journal
Citigroup's new CEO Michael Corbat has come out swinging in his first major move atop the banking giant. Citi said Wednesday morning it will eliminate more than 11,000 jobs - about 4% of its total staff.


Michael Corbat


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