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Citigroup cuts 200 to 300 jobs: WSJ

Published on Apr 14, 2014 3:40 PM
 
Citigroup Inc has cut 200 to 300 jobs, or about 2 per cent of its global markets workforce, the Wall Street Journal reported, citing a person familiar with the matter. -- FILE PHOTO: BLOOMBERG

(Reuters) - Citigroup Inc has cut 200 to 300 jobs, or about 2 per cent of its global markets workforce, the Wall Street Journal reported, citing a person familiar with the matter.

The bank is tightly managing expenses and "making targeted head count reductions in light of current market conditions,"the Journal quoted a company spokeswoman.

Steve Prince, the younger brother of former Citigroup Chief Executive Charles Prince, was among those who lost their job, the report said.

Current CEO Mike Corbat will talk to investors on Monday after the bank reports its first-quarter earnings.

 
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