January 15, 2008

Citigroup fires 17,000 people

Citigroup will reduced workforce by 17,000 to 24,000 employees, and it will take writedown of up to $24 billion, CNBC says.

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Entry was posted on Tuesday, January 15th, 2008 at 7:21 am under NewsWire Category. Leave a response, or trackback from your own site.

REBUSiness Says:
January 25th, 2008 at 7:48 pm
Indeed, workforce cutdown seems inevitable and the only significant source of cost reduction but except of the financial impact what about the work load left behind? Because I can’t think of 17,000 employees’ workload going on the shoulders of employees who stay back.

Thank you
The What Girl Says:
January 26th, 2008 at 4:42 am
Believe me my friend…. if they did have a job to do, then they would definitely keep on doing it!

What the Finance