Bank's Jobs Scythe to Cut Deep in New York and London ; Citigroup Shedding 52,000 Employees Worldwide

Summary


BANKING giant Citigroup yesterday said it planned to shed 52,000 jobs with losses falling "particularly heavily" in London and New York.

The cut - along with previously announced job losses of around 22,000 - will leave it with a global total of 300,000 employees in the near term.

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Bank's Jobs Scythe to Cut Deep in New York and London ; Citigroup Shedding 52,000 Employees Worldwide

Citigroup employs around 12,000 people in its UK businesses, the majority in London and Derby, where its online bank Egg i...

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