Citigroup may cut 17000 jobs

Discussion in 'Wall St. News' started by a529612, Apr 10, 2007.

  1. Citigroup May Cut 17,000 Jobs, or 5% of Workforce, Person Says

    By Joseph N. DiStefano

    April 10 (Bloomberg) -- Citigroup Inc., the biggest U.S. bank, may cut 5 percent of its workforce, or almost 17,000 jobs, as the company seeks to lower annual expenses by more than $1 billion, said a person with knowledge of the company's plans.
  2. Wow! less people to pay wages and benefits to,this must be a bullish sign! :D
  3. That is a lot of jobs! I feel bad for whoever has to get cut.
  4. Bank of America has been kicking their asses what a shame. Go Kenneth go!!