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Archive Home > 2008 > November > 18 > Citigroup to cut 52,000 jobs

Citigroup to cut 52,000 jobs


November 18, 2008

NEW YORK — In one the largest single rounds of layoffs on record, not just for the financial industry but for any industry, Citigroup said Monday that it planned to eliminate a staggering 52,000 jobs, or 14 percent of its global work force. While Citigroup already had announced its....

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