Citi Outlines Cuts

Bizouati, Yaƫl
April 2007
Investment Dealers' Digest;4/16/2007, Vol. 73 Issue 15, p6
Trade Publication
The article reports on the confirmation of Citigroup for its 5% manpower to a lower cost location both domestically and internationally. According to Charles Prince, chief executive officer (CEO) of Citigroup, that the company expected to generate the total expense savings of about $2.1 billion in 2007. The changes also includes eliminating layers of management; consolidating certain back-office, middle-office and corporate functions.


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