Citigroup Job Cuts

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  Citigroup To Cut 20,000 Jobs In Next 2 Years

  Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.

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  "Deliver Changes Or...": Citigroup CEO's Stern Message To Employees Amid Job Cut Talks

  Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"

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  Citigroup Reports Profit Drop, Sees More Pain If Oil Slips

  Citigroup, which has more assets in emerging markets than other U.S. banks, has been exiting less-profitable markets and cutting jobs to become more efficient. The bank recorded $491 million in so-called "repositioning" charges.

• Goldman to begin fresh round of job cuts: report

  Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.

• 10 global companies cut one lakh jobs in 2012 led by HP

  With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012, including giants like HP, Google and Citigroup.

• Factbox: Where Citigroup is cutting jobs

  Citigroup Inc said it is cutting 11,000 jobs worldwide, about 4 per cent of its staff, to save as much as $1.1 billion a year in expenses. Here is a breakdown of the planned job cuts:

• Citigroup to cut 11,000 jobs worldwide

  The move will initially result in pre-tax charges of $1 billion to fourth quarter earnings, the company said in a statement.

• Citigroup to cut 4,500 jobs, take $400 million charge

  The cuts represent about 1.5 percent of its global workforce of 267,000.