CITIGROUP Chairman Sandy Weil has officailly announced the Pink slip to 50,000 staffs and the managment
group due to its unpaying debts.CITIGROUP will chuck 50000 employees all over the world.In India they
may retrench about 5000-7000 employees.HSBC has asked their employees to take an unpaid leave for a
year or so and then they would employ them again.Pepsico has made the lay-offs to around 1,200 employees.
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