Citi To Cut 11,000 Jobs, Take $1 Billion Hit To Q4 Earnings
- Wednesday, December 5, 2012, 9:54
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Michael Corbat has been on the job as chief executive at Citigroup for a few months now, but his first big public move came Wednesday as the bank announced it will cut more than 11,000 jobs with an eye toward stripping more than a billion dollars out of its annual expenses.
http://www.forbes.com/sites/steveschaefer/2012/12/05/corbats-first-big-move-at-citi-cut-11000-jobs-spend-a-billion-now-to-save-billions-later/
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