Citigroup May Cut 17,000 Jobs, or 5%, Person Says (Update1)
By Joseph N. DiStefano
April 10 (Bloomberg) -- Citigroup Inc., the biggest U.S. bank, may cut 5 percent of its workforce, or almost 17,000 jobs, as the company seeks to lower annual expenses by more than $1 billion, said a person with knowledge of the company's plans.