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November 17, 2008

Citigroup Slashes 53,000 jobs

Citigroup has announced that they will shred another 53,000 jobs in the upcoming quarters to stave off loses from a massive amount of debt.

The company has said that it is shrinking its work force by 20 percent from an all time high of 375,000. Citi had announced in October that it would be eliminating 22,000 jobs.  

Posted at 01:50 PM in Business |

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