Citigroup to lay rancid 4,500 employees
Citigroup C says it is biting 4,500 jobs terminated the after that the minority quarters. business leader Vikram Pandit alleged the trade cuts are part of the banks pains to reduce expenses. He attributed Citis struggles indoors part its mortgage portfolio. Pandit made the remarks at some point in a presentation Tuesday next to a fiscal services union hosted by Goldman Sachs.Citi announced three weeks before with the intention of it was laying rotten 3,000 employees. A Citigroup speaker told CBS News to facilitate the 4,500 layoffs numeral cited by Pandit Tuesday was an updated total, not an further in circles of cuts.