Citigroup will reduce its technology workforce in China by about 3,500 as part of ongoing restructuring to streamline global operations.

Citi will have around 2,000 staff in China after the tech job cuts, including a few hundred at the tech unit, said the source, who declined to be named as the information is not open to the public.

Citigroup to cut 3,500 tech jobs in China by Q4 2025, shifting roles to other global tech hubs amid restructuring. Citi trims China tech staff as part of global cost cuts, eyes $2.5B savings and ...

The US bank said some of the roles would be moved to its technology centres elsewhere. Read more at straitstimes.com. Read more at straitstimes.com.

A slew of major global banks are under fresh pressure to trim costs against the backdrop of deteriorating global economic outlook.

Citigroup has pushed back its U.S. rate cut forecast to September from July and now expects three cuts this year instead of ...