Cit­i­group to cut more than 11,000 jobs

Austin American-Statesman - - FRONT PAGE - Un­em­ploy­ment pic­ture:

The bulk of the cuts, about 6,200, will come from Citi’s con­sumer bank­ing unit,which han­dles ev­ery­day func­tions like branches and check­ing ac­counts.

The com­bi­na­tion of U.S. em­ploy­ers that shut down be­cause of Su­per­storm Sandy and fears over loom­ing tax in­creases and spend­ing cuts likely slowed hir­ing sharply in Novem­ber.

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