Implosion of the Mutant Asset Bubble! Impact of layoffs!!!

Categories: Exterminator

Citigroup Chief Pandit to Reduce Headcount by

http://www.bloomberg.com/apps/news?pid=20601087&sid=amJDipAa2oNw&refer=home

. 17 (Bloomberg) — Citigroup Inc., the fourth-biggest U.S. bank by market value, plans to eliminate more than 50,000 jobs, or about 14 percent of the workforce, and cut expenses by 20 percent from their peak as the global economy contracts.

What will be the impact on NYC Real Estate?

By Return of The What | 11/17/2008 9:40 AM