Citigroup Looks To Hire Over 4K Tech Specialists To Tap Pandemic Induced Digital Boom

Citigroup, Inc C looks to hire over 4,000 tech staff to help shift its institutional clients online following the pandemic, Bloomberg quoted from an interview with Jonathan Lofthouse.
The head of markets and enterprise risk technology acknowledged that over 1,000 recruits would join the market technology team under an aggressive growth strategy. It was a growing trend seen amongst banks in their quest to make services available remotely for both clients and workers,
Lofthouse acknowledged the digital explosion across industries encompassing the delivery of groceries delivered to binge-watching Netflix, Inc NFLX, which continued during the pandemic recovery.
Also Read: How The COVID-19 Pandemic Turned Amazon, Netflix Into Essential Businesses
Citi aimed to digitalize most of its client experience as possible, front and back, and modernize its technology for a competitive advantage, ultimately boosting returns.
The banking and broader job market mostly chased data specialists.
Lofthouse expected training and flexible working models would help retain the employees.
Price Action: C shares traded higher by 0.30% at $51.49 on the last check Monday.