So You Bailed Out Citigroup, and This Is What You Get?

First they lay off 53,000 workers and outsource their IT services to India for $2.5 billion.

Now they plan to triple their workforce in China by adding another 7,500 there. "Greater China is the future," says Citigroup chief, not the USA.

NYTIMES Sep 2010 | Citigroup Inc plans to almost triple its workforce in China by hiring up to 7,500 people in the next three years, an executive told Bloomberg in an interview published on Tuesday.

Citigroup, which has 4,500 employees in China, will hire more in that country than in any other Asia-Pacific market, according to Bloomberg's interview with Stephen Bird, Citigroup's co-chief executive officer for…

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