Corporate Synergasm - Citigroup
Citigroup's statement (86 words):
Citigroup today announced a series of repositioning actions that will further reduce expenses and improve efficiency across the company while maintaining Citi's unique capabilities to serve clients, especially in the emerging markets. These actions will result in increased business efficiency, streamlined operations and an optimized consumer footprint across geographies.
In plain English (ten words):
Citigroup today announced lay offs. These actions will save money.
How many people?
Eleven Thousand.
Synergasm?
Here.
Posted by DaveH at December 6, 2012 7:26 PM