logo
Citi to cut 3,500 technology jobs in China as part of global revamp

Citi to cut 3,500 technology jobs in China as part of global revamp

Reuters05-06-2025
HONG KONG, June 5 (Reuters) - Citigroup Inc (C.N), opens new tab will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as part of its efforts to simplify and shrink its global tech operations to improve risk and data management.
The reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year, according to a statement issued by the bank.
Last month, Reuters first reported that Citi was cutting around 200 information technology contractor roles in China.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store