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Citi to slash 3,500 tech roles in China as global banks cut costs

ORIGINAL POST
Posted by Ed 22 hrs ago
  • Citigroup plans to cut around 3,500 technology jobs in China before the start of the fourth quarter.
  • The jobs affected are mostly in the information technology services unit.
  • Some of the roles will be moved to Citi’s technology centers elsewhere.
 
Citigroup  said Thursday it plans to cut around 3,500 technology positions in China, in the latest move by a major U.S. bank aimed at streamlining global operations and reduce costs.
 
The reduction of staff at the China Citi Solution Centers in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year, Citi said in a statement.
 
 
https://www.cnbc.com/2025/06/05/citi-plans-to-cut-3500-tech-roles-in-china-as-global-banks-cut-costs.html 

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