[ by Howard Haykin ] Citi CEO Vikram Pandit was interviewed by CNBC's Maria Bartiromo, who asked about all the repositioning the firm has done over the past 18 months - including shedding assets and downsizing staff levels.  In terms of personnel moves, Ms. Bartiromo asked the following: "Are you done with the headcount cuts or are there more cuts coming to headcount?" Mr. Pandit replied that Citigroup is sized correctly for today's environment.   His entire response to the question was, as follows:

"Third, fourth quarter last year and earlier this year we decided that we had to restructure some of our businesses.  And this by the way was part of a long restructuring project we've been on for the last 3 years.  And we've done a lot of that.  We cut back in some of our trading businesses, some of our capital markets businesses.

But where we are today, we think, is sized correctly for this environment. Having said that what we always have to do is keep an eye out for what capacity we need, how we need to serve our clients.  And it's going to be an ongoing process."

For a transcript of the complete interview, go to:   [CNBC, 6/18/12].