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Citi plans to reduce sales and trading jobs: report
- USA: Tuesday, November 20 - 2012 at 02:31
Citigroup Inc. is preparing to cut 300 sales and trading jobs globally in 2012, as part of its plan to streamline its banking operations, the Wall Street Journal has reported, citing people briefed on the process. A Citigroup spokeswoman declined to comment specifically on the latest round of cuts but said the company had "been making targeted headcount reductions throughout the year in certain businesses and functions across Citi as part of our efforts to control expenses during the current environment," the daily said.
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