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Citigroup (C) Whacks Another 50,000 Jobs

Nov 18th, 2008 | By Mike Caggeso | Category: Financial News

Citigroup Inc. (C) today (Monday) unveiled plans to cut more than 50,000 jobs in the “near term” and slash expenses by 20% to preserve capital as it faces a global slowdown that’s expected to push well into 2009.

Tags: Bank Of America, Citigroup, Citigroup Inc, Credit Card Holders, Dow Jones, Fidelity Inv, Global Slowdown, Goldman Sachs, GS, JPM, Jpmorgan Chase, Mike Caggeso, Mortgage Market, Subprime Market, US unemployment, Wells Fargo, WFC
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