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Citibank's Financial Services Company in China to Lay Off 4,000 Employees, Including Those Busy Fixing Bugs Moments Before Notification
1 week ago /
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Author：小编
Citigroup has recently announced the acceleration of its global simplification initiatives, which will entail consolidating its Global Technology Solutions Centers in Shanghai and Dalian, China. Approximately 3,500 technical employees and approximately 500 third-party contractors, amounting to a total of roughly 4,000 individuals, will be impacted by this workforce reduction. This realignment is part of the next phase of restructuring within Citibank's global technology and business support divisions, aimed at advancing the overall strategy of streamlining operations. Citibank anticipates finalizing these changes by the fourth quarter of 2025 and will offer appropriate severance packages and financial assistance to those affected.
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