Citi to cut 3,500 technology jobs in China as part of global revamp

June 5, 2025

, By The Economic Times

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Citigroup Inc will reduce the number of employees at two of its technology centres in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china” target=”_blank”>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 ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china-citi-solution-centres” target=”_blank”>China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year, it said in a statement.

The bank said some of the roles would be moved to Citi’s technology centres elsewhere, without specifying the numbers of jobs or…

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Citi to cut 3,500 technology jobs in China as part of global revamp

June 5, 2025

, Published By The Economic Times

Citigroup Inc will reduce the number of employees at two of its technology centres in ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china” target=”_blank”>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 ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/china-citi-solution-centres” target=”_blank”>China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth quarter this year, it said in a statement.

The bank said some of the roles would be moved to Citi’s technology centres elsewhere, without specifying the numbers of jobs or…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Epic Games: Apple’s attempt to pause App Store antitrust order fails

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Reddit sues AI startup Anthropic for allegedly using data without permission

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