Despite Global Job Cuts Citigroup Hiring Microbankers in India

Despite reports that they are planning job cuts in relatively expensive locations across the globe such as New York, London and Hong Kong, Citigroup Inc, the US based financial services organisation, is planning to open more branches and expand its workforce throughout India, especially in the microfinance area. The news follows the addition of more than 4000 staff in India over the past year, bringing Citigroup’s total employees there to 22,000.

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