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Citibank Cuts Hundreds Of Jobs In Las Vegas

Citbank is eliminating more than 1,000 jobs nationwide, but the majority of those cuts are happening in Las Vegas. More than 700 people who work out of Citibank's offices at the Lakes found out Monday that their jobs would no longer exist in a few months. Why is the company eliminating these jobs? And how will it affect the local economy?

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Richard Velotta, business reporter, Las Vegas Sun