of hours ago. you've been working this. learning more about also what is to come for the big bank. why is the bank making such massive job layoffs now and what is really to come in the next year or so? >> reporter: yeah, what we're talking about here is essentially this is citigroup, this i is the bank that got $476 billion in bailout help. it got the most bailout help of any bank. what happened was citigroup was -- its ceo had stepped down a couple months ago, now they have a new ceo by the name of michael corbett, an is working very aggressively to cut out the excess, the middle management layers, the waste in the operation. the talk on wall street was that there was fears that citigroup may need yet another bailout. the bank has split itself into a good bank and bad bank. fox business is hearing from citigroup that the 11,000 in job layoffs are not the end of the story, an executive telling fox business, don't think that the