Labor & Economic News Blog
Thursday, April 12, 2007
Citigroup to lay off 17,000 workers / Many jobs being moved overseas or to less costly areas
Citigroup to lay off 17,000 workers / Many jobs being moved overseas or to less costly areasBy Eric Dash
Citigroup said Wednesday that it will eliminate or reassign more than 26,500 jobs to cut costs and streamline the global bank's sprawling operations. Under intense pressure from investors, the company plans to lay off more than 17,000 workers, with the...
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