Citigroup cutting 11,000 jobs, taking $1 billion in charges | Reuters

Citigroup cutting 11,000 jobs, taking $1 billion in charges | Reuters: (Reuters) - "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."