Citigroup becomes a large contributor of unemployment
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Citigroup becomes a large contributor of unemployment

November 17, 2008 – 3:41 pm – No Comment

Citigroup announced today that it will cut around 53,000 employees. It is attempting to reduce its budget by almost 20% in 2009.

Citigroup has already announced it was cutting 22,000 jobs; that announcement was made in October.

All of this news comes after Citi has gone around buying up, and attempting to buy up, failing banks.

Jeremy
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