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Citigroup seeks to trim external IT contractors
The bank intends to decrease its reliance on external IT contractors, reducing their share of the workforce from 50% to 20%.
A team led by equity strategist Michelle Weaver has identified 30 stocks that it says can shine over the next two years despite growing economic and geopolitical uncertainty. Weaver says the list is ...
Bakkavor Group Plc rejected a cash and stock bid from Irish convenience food manufacturer Greencore Group Plc valuing the London-listed firm at £1.14 billion ($1.5 billion).
Overall, bank stocks have sold off about 15% from their recent peak in the face of jitters about an economic slowdown, as well as uncertainty about policies and their implications, he said. This is ...
Rio Tinto Group is investing in Exurban, a company planning to build an Indiana plant to recover metals from mobile phones, computers and other electronic waste, just as the Trump administration’s ...
Citigroup plans to reduce the number of its information technology contractors to 20% and hire 2,000 more full-time tech staff, bringing its total IT workforce to 50,000, per Reuters.
"It's hard to know when the bottom is," said Tanvir Sandhu, chief global derivatives strategist at Bloomberg Intelligence.
The stock's fall snapped a two-day winning streak.
Citigroup (C) plans to significantly cut its use of information technology contractors, while adding thousands of IT workers ...
Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for ...
--Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the company grapples with regulatory punishments over data ...
Uncertainty from the president's head-spinning tariffs has traditionally optimistic stock-pickers taking a more bearish ...