Citigroup to slash 11,000 jobs worldwide
Agencies: New York , Dec 05 2012, 21:23 IST
better serve our clients and deliver results for all of our stakeholders," Corbat said.
Citi, which had to depend on government bailout money to navigate the financial crisis, had rejigged its top management in October that saw Pandit leaving the company.
Pandit was credited with steering the company through the financial crisis but he resigned from his positions in the wake of reported differences with the board.
Citigroup last month had said that it would pay Pandit $6.6 million in incentive awards for 2012.
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