Story perspectives
Citigroup Cuts 3,500 Tech Jobs Amid Global Workforce Reduction
6/5/2025
27 5
1 of 1
Story summary
- Citigroup will eliminate 3,500 technology jobs in China by Q4 2023, focusing on IT services.
- Certain positions will be transferred to other Citi technology centers.
- This move is part of a global workforce reduction of 10%, affecting around 20,000 employees.
- HSBC and Bank of America are also restructuring in response to economic challenges in China.
