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Citigroup layoffs trump global economic plan (AP via Yahoo! News)
Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan from world leaders designed to address a sagging global economy.

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Citigroup’s investment bank braces for layoffs
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Citigroup Layoffs - Slashes 52,000 Jobs
Reuters is reporting that Citigroup Inc revealed plans to cut 52,000 jobs by early next year in Chief Executive Vikram Pandit’s most dramatic move yet to restore profitability and bolster a sagging share price.

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Why 2008 Will Make 1929 Look Like a Walk in the Park
Why 2008 Will Make 1929 Look Like a Walk in the ParkTech Crunch points to a piece in the NYT on the loss of value of financial companies between October 9, 2007 and September 12, 2008, or roughly 11 months.  Reading it, you can’t help but shake your head: Citigroup: $236.7 billion to $97.8 billion. Bank of America: $236.5 billion to $150.2 bil…Read the full post from HipMojo.com via Blogdigger blog search for citigroup layoffs.

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Description: Citigroup layoffs trump global economic plan (AP via Yahoo! News) Another round of massive layoffs at Citigroup and more bad financial news Monday led investors to shrug off the lengthy action plan