For a better experience, Read this story in our App
+ 443.79
+ 130.70
+ 89.00
+ 341.00
+ 3,486.00
+ 443.79
+ 130.70
+ 130.70
+ 89.00
+ 89.00
+ 341.00
The reduction follows reports last month that Citi had already cut around 200 IT contractor roles in the country. | Photo Credit: REUTERS/Chris Helgren
Citigroup Inc will reduce the number of employees at two of its technology centres in China by about 3,500, the bank said on Thursday, as part of its efforts to simplify and shrink its global tech operations to improve risk and data management.
The reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year, according to a statement issued by the bank.
Last month, Reuters first reported that Citi was cutting around 200 information technology contractor roles in China.
Published on June 5, 2025
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.