Location: China.
Department affected: IT.
Based on news reporting.
Citigroup Inc. has confirmed the layoff of 3,500 employees as part of a global restructuring of its IT department. This decision is aimed at streamlining operations and improving efficiency within the company. The layoffs are a response to the evolving demands of the financial services industry and the need for modernization in technology. The affected positions are primarily within the technology sector, reflecting a significant shift in Citigroup's operational strategy. The layoffs are expected to take effect immediately, impacting a substantial number of employees across various locations.
Citigroup Inc. cut 3,500 jobs affecting its IT team as of October 1, 2023.
That is roughly 1.5% of the 229,000 people Citigroup Inc. employs.
LayoffTalk has tracked 13 layoff events at Citigroup Inc. since January 2023, affecting a combined 12,500 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.