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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 ...
Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. ... Citigroup to cut 20,000 employees. Nicole Goodkind, CNN. ... In addition to the 20,000 job cuts at ...
Even Citigroup (C) Chief Executive Officer Vikram Pandit has gotten the message about bankers' pay. In response to an interview question about Andrew Hall, a star Citigroup commodities trader ...
In an exclusive report, The Wall Street Journal writes that "Citigroup Inc. (C) has told about five former top executives that it won't pay them tens of millions of dollars in promised severance ...
The move was in response to Citigroup's stock performance and increased expenses. The full extent of the job cuts, referred to internally as "Project Bora Bora," were reported to involve a reduction of at least 10% or 20 000 of the workforce in several departments. [132] [133]
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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 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 ...