Citigroup to cut 11,000 jobs | Bangkok Post: news

News > World

Citigroup to cut 11,000 jobs

- +

Citigroup announced Wednesday that it would cut more than 11,000 jobs in a move boost efficiency, with most of the cuts in its global consumer banking division. 

File picture shows pedestrians walking by the Citigroup Center in San Francisco, California in July 2012. Citigroup announced Wednesday that it would cut 11,000 jobs in a move boost efficiency, with most of the cuts in its global consumer banking division.

"Due to this repositioning, Citi expects to record pre-tax charges of approximately $1 billion in the fourth quarter of 2012 and approximately $100 million of related charges in the first half of 2013," the company said.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments