Bloomberg reports that Citigroup has confirmed that the company will focus its 2011 recruitment efforts on 'critical jobs' only until further notice, calling time (at least for the moment) on plans to continue beefing up its investment banking unit.
The news agency quotes spokesperson Shannon Bell, who said: 'In the light of the current environment and our ongoing efforts to tightly manage expenses, we are currently only filling positions (across the whole Group) we believe are critical to the line of business or function'.
This news will be particularly disappointing for those financial market professionals who are considering a move...,
Read more at http://news.businessweek.com/article.asp?documentKey=1376-LRJCPL0UQVI901-6JRRK1GEF29ENP3OCM1UJPLJM1
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