Citigroup - Will it be the next major bank to fail?

I am just so nervous while waiting on Citigroup's news tomorrow.  The current CEO, Vikram Pandit is announcing a global workforce reduction that could shed as much as 40,000 workers.  I hope that Pandit will announce news that this figure was just an high-end estimate, and that the firm plans to restructure with no or low bonuses for upper management.  But I guess that is just wishful thinking.