Citi will lay off 11,000 in global downsizing

12/5/2012 | Guardian (London), The · Bloomberg

Citigroup says it will eliminate 11,000 jobs and shrink operations worldwide. The measures mark new CEO Michael Corbat's first moves to improve the bank's financial performance. During the past year, Citi's profitability has been less than half of JPMorgan Chase's.

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Guardian (London), The · Bloomberg

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