Arab Today, arab today citigroup to cut 4500 jobs
Last Updated : GMT 16:42:01
Arab Today, arab today
Arab Today, arab today

Citigroup to cut 4,500 jobs

Arab Today, arab today

Arab Today, arab today Citigroup to cut 4,500 jobs

New York - AFP

Citigroup chief executive Vikram Pandit announced Tuesday that the bank would cut 4,500 jobs as it tries to cut costs in the face of tougher market conditions. \"We have started a firm-wide reduction of headcount this quarter that will affect roughly 4,500 positions and will be completed over the next few quarters,\" Pandit told a industry conference. But the layoffs will come at a stiff price for the company. \"We anticipate recording a charge in the fourth quarter for severance and other expenses related to this of approximately $400 million,\" he said. While income for the bank leapt in the third quarter, that was largely thanks to a one-off change in credit costs. Revenue was basically flat, amid what Pandit called \"a challenging economic environment.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today citigroup to cut 4500 jobs Arab Today, arab today citigroup to cut 4500 jobs

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today citigroup to cut 4500 jobs Arab Today, arab today citigroup to cut 4500 jobs

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday