Location: China.
Department affected: Technology.
Based on news reporting.
Citigroup Inc. has announced plans to cut 3,500 technology jobs in China as part of its restructuring efforts. This decision reflects the company's ongoing strategy to streamline operations and reduce costs in response to changing market conditions. The layoffs are expected to impact the technology department significantly, although specific timelines for the job cuts have not been disclosed. This move is part of a broader trend in the financial services industry, where companies are increasingly focusing on efficiency and digital transformation.
Citigroup Inc. cut 3,500 jobs affecting its Technology team.
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.
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Citigroup Inc. has announced planned job cuts affecting 3,500 employees. What are you hearing from inside the company? Any details on which departments or locations? You can post anonymously below.
Estimated figure based on news reporting. Not yet confirmed by Citigroup Inc..
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