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Citigroup to cut 11,000 jobs, take $1 billion hit in cost-cutting effort

Posted: December 6, 2012 at 3:55 a.m.

Citigroup announced Wednesday that it would cut 11,000 jobs, reducing its work force by roughly 4 percent in an effort to cut costs.

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Front Section, Pages 1 on 12/06/2012

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