Citigroup Cuts 3,500 Technology Roles in China as Part of Global Restructuring
SOURCENews reportView the filing ↗
What we know
Location: mainland China (Shanghai and Dalian).
Department affected: technology / information technology services.
Based on news reporting.
Summary
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.
Citibank cut 3,500 jobs affecting its technology / information technology services team as of June 1, 2025.
That is roughly 1.7% of the 210,000 people Citibank employs.
LayoffTalk has tracked 30 layoff events at Citibank since January 2023, including 1,259 jobs documented in official WARN filings, with 23 additional events known from news reporting.
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