• Спецпроекты
  • Weather forecast
    • Exchange Rates
    • 425.82
    • 518
    • 5.92
  • SEND YOUR NEWS TO US WhatsApp +7 (777) 001 44 99
  1. Main
  2. Learn
  3. Economy
  4. Companies

Citigroup cuts 200-300 jobs 15 апреля 2014, 10:05

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.
  • ПОДЕЛИТЬСЯ
  • Vkontakte
  • Facebook
  • Twitter
  • Одноклассники
  • Telegram
Новостью поделились: человек

Citigroup cuts 200-300 jobs Citigroup cuts 200-300 jobs

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, AFP reports according to The Wall Street Journal.

Some of the employees were fired, while others left voluntarily. Among them was Steve Prince, the younger brother of former chief executive Charles Prince, according to the newspaper.

Prince's LinkedIn profile says he is a senior vice president for marketing and advertising.

The cuts account for about two percent of the global markets business, it added, citing a person familiar with the matter.

Citigroup refused to comment on the report.

"We continue to tightly manage expenses, making targeted headcount reductions in light of current market conditions," spokeswoman Danielle Romero-Apsilos said in a statement.

"At the same time, we are adding some talent strategically, leveraging our unique global footprint to serve our clients."

The layoffs come as Citigroup cuts expenses in its business units as the banking industry adjusts to new regulation and loan demand.

On Friday, JP Morgan reported that trading revenue dropped 17 percent in the first quarter, a trend Citigroup has warned it could follow.

Late last year, Citigroup had 251,000 employees, a far cry from its 323,000 employees in late 2008 at the height of the financial crisis.



Nobel prizewinner proposes a new city in KZ
New abnormal snowfalls expected in Kazakhstan
Huge glacier retreat triggered in 1940s
Hyperloop construction begins in Las Vegas
"Moonlight" to top Spirit Awards nominations
Oil prices fall due to investors uncertainty
New dwarf galaxy discovered around Milky Way
Kanat Islam becomes a top ten WBO boxer
World oil prices continue to rise
Kazakhstan expects warming - Kazhydromet
Merkel to seek fourth term as chancellor
Sale of Tintin drawings set to break records
US, EU stocks fall as markets focus on dollar
Pacific leaders urged to defend free trade
EU warns eight nations on budget deficit
Universiade-2017: Athletic Village is ready
Bob Dylan can't make Nobel ceremony
Messi will never leave Barca - club president
Google, Facebook take aim at 'fake' news
Aerosmith announces Europe 'farewell' tour
Putin, Trump to normalise US-Russia ties
At least 10 hurt in southern Turkey blast
6.2 quake hits western Japan

Firebase Cloud Messaging