Sunday, November 23, 2008

Citigroup Plans to Sell Assets and Cut More Jobs

This article is about the downsizing that Citigroup is planning on instituting. This is a huge statement since according to the article Citigroup is already outsourcing over 23,000 jobs to India and Germany. The article was written by Eric dash and was published in the NY Times on Nov. 17.
The article goes on to talk about what this means relative to the rest of the investment banks that are also in trouble.
http://www.nytimes.com/2008/11/18/business/18citi.html?ref=business

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