Citigroup (NYSE: C) announced it is laying off 11,000 employees, mostly in support functions, pushing the company’s stock up more than 4 percent today. The financial firm said it was taking a “series of repositioning actions that will further reduce expenses and improve efficiency across...

Read more http://feeds.abcnews.com/click.phdo?i=8004785226ebcace0ab7a9f029dbc6d1