Nov 18 2008
Gold Investments Market Update - The Citi “Supermarket” Says a Lot Must Go
Citigroup to cut 52,000 jobs
Vikram Pandit, the Chief Executive of Citigroup announced yesterday that in a bid to revive their ailing share price, a massive 52,000 jobs would be cut. That’s 1 in every 7 employees and slash costs by $10bn. Citi shares have lost more than 75% of their value over the past year [...]
