Fred Harteis News Articles- Becoming the latest Wall Street firm to reduce its work force amid the financial turmoil, the banking giant, Citigroup, announced Monday morning that it would cut another 24,000 jobs, bringing the total reductions in the coming months to 52,000.
Roughly half of the 52,000 had been previously announced, including 18,000 jobs with the sale of its Indian outsourcing operations and more than 5,000 at its German banking franchise.
On Monday, Citigroup said it expected to layoff another 17,000 employees and shed as many ... more »
