Citigroup Inc, which has lagged behind its peers in recovering from the financial crisis, said it is cutting 11,000 jobs worldwide, about 4 percent of its staff, to save as much as $1.1 billion a year in expenses. The move will initially result in pre-tax charges of $1 billion against fourth-quarter earnings, the bank said on Wednesday. Read more http://www.huffingtonpost.com/2012/12/05/citigroup-job-cuts_n_2243975.html
