Citi Planning to Ax 17,000-45,000--CNBC

Don’t worry, this news shouldn’t affect the New York City economy or real-estate market: CNBC says Citi is planning to whack between 17,000 and 45,000 employees.  Reuters summarizes:

CNBC said that no exact number had yet been set, though some jobs were already being eliminated. It estimated that the cuts could total anywhere between 17,000 and 45,000.

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