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Citigroup to Eliminate 11,000 Jobs, Take $1 Billion Charge
Bloomberg News | Wednesday, December 5, 2012
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Citigroup Inc. Chief Executive Officer Michael Corbat, who took over the bank in October, is cutting more than 11,000 jobs, scaling back operations in some emerging markets and will take a $1 billion charge this quarter in a effort to drive down costs.

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