By: Benzinga
Citigroup Plans Cut of Another 11,000 Jobs
Citigroup, Inc. (NYSE: C ), the nation's third-largest bank, said that it will take a pretax charge of $1 billion this quarter in a plan that will eliminate more than 11,000 jobs, about 4 percent of its total staff. About 1,900 jobs will be eliminated in the institutional clients group,
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