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Citigroup to layoff 52,000 jobs by early 2009

New York, November 18:: Citigroup Inc revealed plans to cut 52,000 jobs by early next year in a dramatic move to restore the No. 2 US bank to health as it combats mounting debt losses and sagging economies worldwide. The cuts announced by Chief Executive Vikram Pandit on Monday affect 15 per cent of Citigroup's workfo  ....Read more

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BONUSBy: ANNA Rojas | Saturday , 22 Nov '08 21:55:09 PM Reply | Forward I WISH U LUCK. EXECUTIVE BONUS NEED TO BE CUT. REVIEW SPENDING. YES THEY EARNED THEIR POSITION. BUT WE ALL HAVE TO TAKE A CUT. MEETING NEED TO HELD AT A $$ LIMIT. EXECUTIVE AND UPPER MANAGEMENT CREDIT CARDS LIMITED AND REVIEWED MONTHLY. GIFTS AND SPENDING APPROVED BY EXECUTIVE BOARD. SOMETIMES THE HIGHER EDCUATOR IS NOT THE RIGHT ONE FOR THE DECISIONS JOB.
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