Citi (C) is cutting up to 200 information technology, IT, contractor roles in China, with around 100 IT staff informed this week their contracts will not be renewed and another 100 likely to receive their termination notices soon, Selena Li of Reuters reports, citing people familiar with the matter. The staff currently employed by Citigroup Services and Technology China has around 3,000 employees total, the sources added.
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on C:
- Berkshire Hathaway exits positions in Citigroup, Nubank
- Cisco upgraded, CoreWeave downgraded: Wall Street’s top analyst calls
- “Don’t Miss Out,” Say Top Analysts as Airbnb (ABNB) Expands Beyond Rentals
- Citi initiated with a Hold at TD Cowen
- Shares in “Eat What You Kill” Investment Bank Evercore Soar as it Ramps Up European Expansion