Citigroup to Lay Off a ‘Humongous’ Number of People

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This is going to be a problem, isn't it?
This is going to be a problem, isn't it? Photo: Getty Images

In the biggest bloodbath since Vikram Pandit took over as CEO last December, Citigroup will begin laying off at least 10,000 employees globally starting today. "It's a humongous number," one executive told the Journal. [WSJ]