Citigroup has begun yet another round of layoffs — news organizations have said this round aims to cut at least 10,000 employees from its payroll. The company is reeling from a year in which it has lost more than $20 billion.

Citigroup has also announced that it will be raising interest rates on credit cards for 20% of its customers. A little late, don’t ya think?

[Yahoo Finance] Citigroup to Slash 10,000 Jobs: Report