To the Point
Citigroup Cutting 11,000 Jobs to Save $1 Billion a Year
Citibank—once the biggest thing of its kind in the world—has new leadership. But the recession is still taking its toll. Today, it announced it’s closing branches around the world, scaling back consumer lending in developing countries—and cutting 11,000 jobs.
By Warren Olney • • 1 min readCitibank—once the biggest thing of its kind in the world—has new leadership. But the recession is still taking its toll. Today, it announced it’s closing branches around the world, scaling back consumer lending in developing countries—and cutting 11,000 jobs.
