Goldman reportedly cuts jobs; Citigroup likely to be next

Citigroup is expected to lower its worldwide headcount by as much as 10%, or 6,500 positions. It may eliminate entire trading desks in London, New York and other cities. Meanwhile, Goldman Sachs, which has weathered the credit crunch better than its rivals, is said to have cut jobs at its investment-banking division last week.

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Wall Street Journal, The · Bloomberg1 · Financial Times (free content)

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