About one-half will come from layoffs and attrition, and the rest from the sale of units, such as the German retail banking business
The latest cuts would leave Citigroup with about 300,000 employees, down 20 percent from the end of 2007 and about the same number it had at the end of 2005.
Well over 100,000 jobs have been lost at the world's largest banks and brokerages since the global credit crisis began.
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