Layoffs Watch '08: Citi

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The Big C has confirmed that it will be cutting approximately 50,000 jobs, as reported over the weekend by Charlie Gasparino. Taking a cue from Dick Parsons's page, Vikram Pandit told the residents of Citiville, many of whom are about to get the axe, "don't stop believing."
Citi Town Hall Presentation [PDF]
Earlier: Dick Parsons To Citi Citizens: "Keep The Faith"

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