Citibank announces to cut more jobs in 2009?

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In Nov 2008, Citigroup Inc revealed plans to cut 52,000 jobs by early 2009 in a dramatic move to restore the No. 2 U.S. bank to health as it combats mounting debt losses and sagging economies worldwide.

The cuts announced by Chief Executive Vikram Pandit affect 15 percent of Citigroup's workforce, and are in addition to 23,000 jobs eliminated between January and September 2009.

Citigroup plans to slash expenses by as much as 20 percent, and spend a total of $50 billion to $52 billion in 2009. That compares with $61.9 billion over the last four quarters.

Will Citibank announce to cut more jobs in 2009?

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	ZiiValue (chance)	MyValue (0% to 100% chance)	()	Possible Outcomes
	88%			Yes
	12%			No

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