Location: mainland China (Shanghai and Dalian).
Department affected: technology / information technology services.
Based on news reporting.
Citigroup (Citi) laid off 3,500 employees in technology roles in mainland China in 2025 as part of a broader effort to streamline operations and cut costs under CEO Jane Fraser. The cuts mainly affected the information technology services unit, including staff at Citi Solution Centers in Shanghai and Dalian, with some roles to be moved to other Citi technology centers. The layoffs are part of a wider restructuring announced under Fraser to improve profitability and follow an earlier plan to reduce about 10% of the global workforce (roughly 20,000 employees). Company statements framed the moves as aligning operations amid AI-driven changes in job functions and a drive to augment human workers with AI while acknowledging job dislocations will occur.
Citi cut 3,500 jobs affecting its technology / information technology services team as of June 1, 2025.
That is roughly 1.6% of the 225,000 people Citi employs.
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