Layoffs Watch '15: Citigroup Is Lightning Its Load By 2,000 Employees

The bank has reportedly been having some awkward conversations today.
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The good news is anyone who's left their Christmas shopping until the last minute will have all of next week to get it done. The bad news is that you should probably ask the staff at Brookstone if they have any applications to fill out while you're at it.

Citigroup Inc. plans to cut at least 2,000 jobs starting next month as Chief Executive Officer Michael Corbat restructures some of the bank’s businesses...The reductions are part of a repositioning the firm announced this month and will occur across the New York-based lender’s global footprint, people familiar with the matter said. Citigroup, which had 239,000 workers at the end of September, has already held discussions with some affected employees, said one of the people, who declined to provide specifics on the businesses targeted.

Citigroup Plans at Least 2,000 Job Cuts Next Month [Bloomberg]

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Layoffs Watch '12: Citigroup Has Begun The First Phase Of Its Total Body Makeover

Back in October, new Citi CEO Mike Corbat's personal trainer predicted that Vikram Pandit's replacement would waste no time whipping the place into shape, just like he whipped himself into shape in 2010 with the fat-torching Spartacus Workout. Whereas someone else might've let the bank have until the new year to get serious, allowing for one last season of pigs in a blanket and egg nog and late night pizza and entire gingerbread houses, Citi's day's of "I'll start the diet tomorrow" are over. Corbat's  transformation plan starts TODAY.