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Citigroup / To cut 300 sales and trading jobs in 2012

Citigroup Inc (C.N) is on track to cut 300 sales and trading jobs globally this year, as part of its plan to streamline its banking operations, the Wall Street Journal reported, citing people briefed on the process.

The sales and trading unit of the bank employs about 17,000 people, the Journal said. (link.reuters.com/kyz93t)

A Citigroup spokeswoman declined to comment specifically on the latest round of cuts but said the company had “been making targeted headcount reductions throughout the year in certain businesses and functions across Citi as part of our efforts to control expenses during the current environment”, the Journal said…

Choosen excerpts by Job Market Monitor from

via Citi on track to cut 300 sales and trading jobs in 2012: WSJ | Reuters.

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