Citibank Jersey City Plans to Cut IT Contractor Positions
SOURCENews reportView the filing ↗
What we know
Location: Jersey City, NJ.
Department affected: IT.
Based on news reporting.
Summary
Citibank Jersey City is planning to reduce its reliance on IT contractors as part of a strategy to enhance internal controls and improve operational efficiency. The company intends to hire full-time staff to replace these contractors, although specific numbers regarding the layoffs have not been disclosed. This move reflects Citibank's ongoing efforts to streamline its operations and strengthen its workforce. The changes are part of a broader initiative by Citigroup to optimize its IT department and ensure better oversight. The exact timeline for these changes has yet to be announced.
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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