Public Media from Michigan State University
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Citigroup Plans to Lay Off 11,000 Employees in Scale Back

Season 2012 Episode 3400 | 6m 03s

In a move to cut costs, increase profits and speed its recovery from financial crisis, Citigroup, Inc., announced 11,000 jobs were to be cut worldwide. Gwen Ifill talks to Bloomberg Businessweek Roben Farzad for more on what pushed America's third-largest bank to make these sweeping job cuts in the U.S. and overseas.

Major corporate funding for the PBS News Hour is provided by BDO, BNSF, Consumer Cellular, American Cruise Lines, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Consumer Cellular and Cunard Cruise Line. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.
Extras
July 16, 2026 - PBS News Hour full episode
The health risks of wildfire smoke across the Midwest and Mid-Atlantic
Iran war driving up costs and putting seafarers at risk, UN maritime chief warns
Trump setting stage to declare emergency around midterms, former White House attorney says
Experimental artist Suzanne Jackson celebrates decades of work in new exhibition
What to expect from Trump's address as he revisits 2020 election loss
The debate over how to protect children and teens as AI use grows
Vote on U.S. aid to Israel exposes sharp divide in Congress
News Wrap: Ukrainians protest Zelenskyy's firing of defense minister
'Post-literate age': Why fewer Americans are reading for pleasure