Of the 4,200 announced cuts, 400 are UK-based and the rest are from the US, Asia and India.

To come: Total job cuts in 2008 to range from 17,000 to 24,000, CNBC

Mid-Jan: Citi to cut 4,200 jobs, and CEO Vikram Pandit says that they “continue to make plans” for further cuts. Of the 4,200, approximately 3,800 cuts “are likely to fall in its US consumer finance business, as well as in Asia and India, reported the Financial Times. The other 400 are to be cut in London, with “150 job cuts expected from Citigroup’s London investment banking team … Cuts are also due in equity research, wealth management and consumer banking” reported the Times Online.

Bonus pool “will be pretty flat but there will be a greater divergence … the stars will be kept and a strong message will be sent to those who haven’t pulled their weight”, anonymous insiders told the Telegraph.

Dec: UK equity research rejiggered; coverage of stocks cut by 200 and approximately 100 stocks to be reassigned.

Late Nov: Reports emerge that Citi could layoff as many as 45,000 workers as early as 08, not just in fixed income and subprime, but across the bank

Q3 earnings: Merged alternative investment and investment banking businesses.