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Number of jobs cut since recession began: 13,715 Slow sales in 2008 caused 10,000 layoffs in early 2009. The fact that the firm's flagship Dreamliner 787 delivery has been delayed half a dozen ...
In addition to the 20,000 job cuts at the company’s operations, the bank said it will shed 40,000 employees from its Mexican retail unit through an IPO, bringing the total headcount for the ...
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Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
What feels different here is that the bank is pointing where the cuts will be and quantifying those cuts. Citigroup Inc. (NYSE: C) may be announcing a restructuring effort today, but the move may ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...
By Pallavi Gogoi NEW YORK (AP) -- Citigroup Inc. is eliminating 4,500 jobs in its latest effort to cut costs. The bank will take a $400 million charge in the fourth quarter as a result. Citigroup ...
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