May 6, 2008
Several Firms Inform Regulators Of Texas Layoffs
Several companies have recently disclosed pending layoffs in Texas, including a number involving more than 100 workers apiece, according to regulatory filings.
Citigroup, the nation's largest bank by assets, notified the Texas Workforce Commission in a letter received Tuesday that it will cut 125 jobs by closing an office in the Fort Worth suburb of Bedford.
Citigroup plans to cut at least 4,200 jobs this year and close eight branches in Texas and 11 in other states as part of a restructuring under new Chief Executive Officer Vikram Pandit. Read more
Read full story from CBS 11
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