Citigroup to cut 52,000 additional jobs

By A staff reporter 2008-11-18T00:00:00

Citigroup has revealed plans to cut 52,000 jobs on top of the 22,000 staff reductions announced in October. The moves will reduce Citigroup's head count from a high of 375,000 in 2007 to 300,000 now as CEO Vikram Pandit struggles to get the US banking group back on track amid ...

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