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Citigroup To Eliminate 11,000 Jobs Worldwide

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December 5, 2012 4:20 a.m.
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Citigroup plans to eliminate 11,000 jobs worldwide as part of a company restructuring, Reuters reports:

The move will initially result in pre-tax charges of $1 billion to fourth quarter earnings, the company said in a statement.

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Author Headshot
David Taintor is a New York-based senior editor who oversees breaking news coverage. He previously worked at NBC News.
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