Citi (C) to Cut 2,000 Jobs Next Month : Report

Shares of Citigroup Inc. (C) are down by 2.63% to $51.45 in mid-day trading on Friday following a Bloomberg report that said the New York-based banking giant plans to cut at least 2,000 jobs starting next month as CEO Michael Corbat restructures some of the bank’s businesses. The report notes that the substantial portion of […] View the full post at: Citi (C) to Cut 2,000 Jobs Next Month : Report Related posts: Treasury planning Citi stake sale: report Saudi Billionaire Says Citi Will Post Profits in 2010 and 2011 Why Citi Turned Around on Mortgage “Cramdowns”