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CITIBANK JOB CUTS
Norway wealth fund CEO warns just using AI for job cuts risks backlashNorway's massive sovereign wealth fund CEO, Nicolai Tangen, is urging global companies to embrace artificial intelligence for societal prog...- Oracle appoints new CFO with $950,000 pay package less than a week after laying off 30,000 employeesOracle, which is facing criticism as it laid of around 30,000 employees, has hired its new chief financial officer, Hilary Maxson. In a reg...
- Citi to cut 20,000 jobs through 2026, CFO saysCiti also expects to shed a further 40,000 jobs when it lists its Mexican consumer unit Banamex in an initial public offering. It ultimatel...
- 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...
- IndusInd Bank, JM Financial, Edelweiss among local institutions hiring staff fired from foreign banks“Foreign institutions have been downsizing from the investment banking and global markets,“ said Romesh Sobti, managing director and chief ...
- Investment banks downsize staff, plan to shift work to Singapore or Hong Kong as deal-making slowsThe continued economic downturn and inability of govt to grapple with the problems have led to job cuts and some freeze on hiring.
- Apple Loses $170 billion in 3 monthsFor a company that was billed to hit a trillion dollar market cap in the near future, Apple’s recent stock market performance has been some...
- How Monica Sambharya cashed on home tech solutions to make Trescent a Rs 10 crore firmThe current turnover of the firm is Rs 8-10 crore and it is forecasting a 100% revenue growth in the next three to five years.
- Citibank lays off 100 executivesCitibank has laid off 100 executives across positions in various businesses. Sources in the know of the development indicate that the redun...
- Undergraduate students from Shri Ram College of Commerce, Hansraj College bag plum job offersIn Mumbai, however, placements for undergraduate students in Xaviers, Sydneham college do not seem to be attracting such hefty pay packages.
- It's time for Vikram Pandit to deliver: AlwaleedSaudi investor Prince Alwaleed bin Talal told Citigroup CEO that his 'honeymoon is over' after two years in the top job. Interview mistakes...
- Slowdown means more work for HR professionalsHR professionals are being forced to come up with creative ways to lay off, recruitment experts are having a tough time coping with the flo...
- Wal-Mart may outsource contracts worth $500 mnWal-Mart, the world’s biggest retailer, which has so far been dependent on its in-house IT division, is evaluating a business process outso...
- Expatriate executives making way for local hiresSince Oct 2008, there has been a spate of replacements of expat executives with Indian professionals at the senior level. Keep staff motiva...
- Cut in scholarships melts foreign dreamsReduced scholarships and a shrinking job market are forcing students to defer their plans of studying abroad.
- Citi package to help India businessThe US bailout of Citigroup will help its Indian operation, especially to allay fears among its customers about failure of the global banki...
- Citi to hire 1,000 people in Philippines next yearCrisis-hit US bank Citigroup revealed a $ 40 bn govt aid to revive its fortunes, has said that it plans to hire 1,000 new employees in Phil...
- Chrysler considers merger optionsUS automaker Chrysler considered several new partnership options Saturday, including mergers with Renault-Nissan and General Motors, indust...
- Indians write the BPO script in PhilippinesNot only are domestic BPOs hiring Indians for their Philippine operations, MNCs with operations in Philippines, too, are relying on Indian ...
- Citigroup loses prime talent as action hots upThe past few months have seen a host of exits in middle and senior-level management at Citigroup. Most of these exits are in consumer banki...
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