Citigroup Plans to Lay Off 11,000 Employees in Scale Back
Clip: 12/5/2012 | 6m 3s
Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back
In a move to cut costs, increase profits and speed its recovery from financial crisis, Citigroup, Inc., announced 11,000 jobs were to be cut worldwide. Gwen Ifill talks to Bloomberg Businessweek Roben Farzad for more on what pushed America's third-largest bank to make these sweeping job cuts in the U.S. and overseas.
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...
Citigroup Plans to Lay Off 11,000 Employees in Scale Back
Clip: 12/5/2012 | 6m 3s
In a move to cut costs, increase profits and speed its recovery from financial crisis, Citigroup, Inc., announced 11,000 jobs were to be cut worldwide. Gwen Ifill talks to Bloomberg Businessweek Roben Farzad for more on what pushed America's third-largest bank to make these sweeping job cuts in the U.S. and overseas.
Problems playing video? | Closed Captioning Feedback
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Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by...