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Citigroup needs to resume job cuts after pause mode



Citigroup Inc. resumes job cuts from this week and joins rivals such as Wells Fargo & Co. ended an earlier pledge to suspend staff reductions during the coronavirus pandemic.

The cuts affect less than 1% of the global workforce, the bank said in a statement on Monday. With the latest hiring, the total number of employees is unlikely to show any drops, Citigroup said.


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