Sharia Compliant Citi Losing 52,000 Employees

Sharia compliant Citigroup is staggering under the loss of losing 52,000 employees over the next few months, the largest reduction by a company since IBM's layoffs of 60,000 employees in 1993, and the 50,000 cuts by Sears that same year. Citigroup's latest round comes on top of the 17,000 cuts that the company has already made. Unless Citi has a Savior in Washington, D.C. Citi seems done for.