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MSNBC: Citigroup planning 10,000 layoffs

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w¡n9Nµ7 §£@¥€r Grand Master

w¡n9Nµ7 §£@¥€r   123

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No details. Just heard it on the Tee Vee.

http://www.thestreet.com/story/10447928/1/...E&cm_ite=NA

Citigroup(C Quote - Cramer on C - Stock Picks) is embarking on another huge round of layoffs and is raising interest rates on millions of credit-card customers, according to a published report.

The moves come as CEO Vikram Pandit tries to stabilize the financial giant, which has reported net losses of more than $20 billion over the past year, the Wall Street Journal reports.

Starting this week, Citigroup is handing out pink slips to at least 10,000 employees in its investment bank and other divisions ...

Edited by A.J.

Man is made by his belief. As he believes, so he is.

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