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PBS NewsHour  Citigroup Plans to Lay Off 11,000 Employees in Scale Back

Citigroup Plans to Lay Off 11,000 Employees in Financial Crisis Scale Back Details

 

Program: PBS NewsHour

Episode: Citigroup Plans to Lay Off 11,000 Employees in 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.

Duration: (6:03)
Premiere Date: 12/05/2012
Episode Expires: Never
TV Rating: E


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