Citi to cut 3,500 technology jobs in China as part of global revampThe reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth qua...
05 Jun, 2025, 10.00 AM IST
Citigroup slashes promotions as it seeks to overhaul bank, FT reportsCitigroup is drastically reducing year-end promotions, impacting around 2,000 employees compared to approximately 8,000 in previous years, ...
26 Nov, 2024, 11.32 AM IST
Citigroup cuts over 300 senior managerial rolesThe company started announcing the cuts - which affect those staffers two levels below Fraser's executive management team - on Monday, acco...
20 Nov, 2023, 11.29 PM IST
Global capability centres go on hiring spree, set to outshine IT companiesGlobal capability centres (GCCs) of multinational companies are set to hire more employees this year in India. Workspace and HR solutions p...
25 Jul, 2023, 11.28 AM IST
Tech firms, Wall Street lead job cuts in Corporate AmericaInterest rate hikes by global central banks to tame stubborn inflation have weighed on consumer and corporate spending, affecting the outlo...
14 Mar, 2023, 08.16 PM IST
Tech firms, Wall Street lead job cuts in corporate AmericaRapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-o...
26 Jan, 2023, 10.12 AM IST
U.S banks warn of recession as inflation hurts consumers; shares fallThe U.S. central bank last month raised rates by 75 basis points during its fourth consecutive meeting to 3.75%-4%, but it also signaled ho...
07 Dec, 2022, 08.05 AM IST
With Polaris, Virtusa can pursue larger, deeper engagements: Kris Canekeratne, Virtusa CEOKris Canekeratne said that together they are a fairly large and formidable player in financial services, with BFS revenues north of $470 mi...
07 Nov, 2015, 12.28 PM IST
- Citigroup to cut 4,500 jobs to trim costs & deal with European crisis
The 4,500 job cuts amount to 1.7% of Citigroup's workforce on Sep 30 and would still leave the lender with the amount of staff it had at th...
08 Dec, 2011, 05.29 AM IST
- Citigroup to axe 4,500 jobs in coming months: Vikram Pandit
Citigroup's Vikram Pandit has announced 4,500 jobs cuts worldwide in the coming months as the US financial major seeks to trim costs.
07 Dec, 2011, 10.41 AM IST
- Reducing jobs is no answer to global crisis: MCA
With sectors like textiles fearing job cuts due to global financial crisis, the Ministry of Corporate Affairs said reducing workforce durin...
27 Nov, 2008, 04.15 PM IST
- Bank of New York Mellon to cut 1,800 jobs worldwide
The Bank of New York Mellon Corporation has said it will slash 1,800 jobs, which accounts for nearly four per cent of the firm's global wor...
21 Nov, 2008, 07.15 PM IST
- Citigroup sticks to Pandit’s line, plans more job cuts
Citigroup may begin another round of job reductions as soon as this week as part of a plan to cut its trading and investment-banking workfo...
24 Jun, 2008, 01.06 AM IST
- Citigroup posts $5.1 bn loss, to cut 9,000 jobs
US banking giant Citigroup reported Friday a 5.1 billion dollars net loss during the first quarter and said it would cut an additional 9,00...
19 Apr, 2008, 02.16 AM IST
- Hindustan Unilever cuts 50 managerial jobs
Faced with ‘surplus’ employees, FMCG major Hindustan Unilever (HUL) said it has cut about 50 managerial jobs.
06 Feb, 2008, 02.01 PM IST
- Hindustan Unilever cuts 50 managerial jobs
Months after its parent Unilever announced 20,000 reduction in global workforce over the next four years, HUL says it has cut the jobs. Fir...
04 Feb, 2008, 04.45 PM IST
- Foreign banks to hire over 50k in India
Banks such as Citigroup, HSBC & Standard Chartered could hire over 50k employees in India in the next 3-yrs.
24 Apr, 2007, 11.42 AM IST