Citigroup 52 000 Job Cuts

Published / Last Updated on 16/11/2008

Citigroup 52,000 Job Cuts

US banking giant Citigroup has announced that it plans to cut a further 52,000 jobs.  This follows a previous cut this year of 23,000.  In short, 75,000 jobs will go globally.

Given the current economic downturn, that is a fall of 20% in staff numbers and is a fair representation of the global economy.

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