NEW YORK (December 5, 2012)--Citigroup said Wednesday it will eliminate more than 11,000 jobs in an effort to cut expenses and improve efficiency.
The company said Wednesday that the cuts will result in about $1 billion in charges in the fourth quarter and about $100 million in charges during the first half of next year.
It expects about $900 million in expense savings in 2013 and annual expense savings of more than $1.1 billion starting in 2014.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.