Citigroup to Cut More Jobs

By Ray Pinard | November 21, 2012

Citigroup Inc. is on track to eliminate 300 sales-and-trading jobs globally in 2012, according to people briefed on the process.

The cuts follow a 5% reduction in Citigroup’s securities-and-banking unit last year, a move that culled 900 jobs. The sales-and-trading business is part of the securities unit, which employs roughly 17,000 people. [read more]


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