Citigroup sees cutting roughly 50,000 jobs
Mon Nov 17, 2008 8:56am EST
(Reuters) - Citigroup Inc said on Monday it sees it's headcount expected to decline 20 percent in near-term from peak levels. Highlights:
* Says sees expenses expected to be down 20 percent from peak levels
* Says has "very strong capital position"
* Says targets $50-52 billion expenses in 2009
* Sets "near-term" headcount target of about 300,000 employees, down from 352,000 in Q3 and 375,000 at end of 2007
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source : http://www.reuters.com/article/newsO...4AG35320081117