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Citigroup To Cut 4,500 Jobs In Response To Slumping Revenue

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Citigroup Inc. Chief Executive Officer Vikram Pandit has announced plans to fire 4,500 employees in the coming quarters. To accomplish his goal Pandit will take a charge of nearly $400 million which will be used to pay severance packages and provide for other reductions. Speaking at a New York City based investor conference Pandit said [...]

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