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Do Big Banks Hire More Than They Fire?
It's no secret that Citigroup (NYSE:C) has a workforce problem this holiday season. The company may not be planning to lay off as many people as Morgan Stanley (NYSE:MS) did last year but if the reports are accurate the firm is not in hiring mode either. Or is it? In North America alone Citigroup is looking to fill 2 164 positions. Worldwide the company plans to add more than 3 200 people to its payroll. Meanwhile StreetID learned that in the worst-case scenario Citigroup has eliminated or will eliminate as many as 2 000 jobs. If that report is ...
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