New York - Citigroup To Slash 50,000 Jobs

New York - Citigroup said Monday it would cut up to 50,000 jobs worldwide as the US banking giant struggles with the global financial crisis and four consecutive quarters of heavy losses. The company said the new job reductions would shrink its global workforce to 300,000 employees. Citigroup, whose shares have been battered amid the credit crisis, said it would reduce its expenses by 20...