Citi (C)group plans to cut the number of employees at two of its technology centers in China by about 3,500 as the bank pushes to simplify and shrink global tech operations to improve risk and data management, Reuters’ Selena Li reports. The reduction of staff at the China Citi Solution Centers in Shanghai and Dalian is expected to be completed by the start of Q4, according to the report.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your 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:
- Citigroup Slashes 3,500 Tech Jobs in China as Global Revamp Gains Steam
- Trump says Fed ‘must now’ lower rates after ADP payrolls report: Morning Buzz
- Citi scraps policy curbing dealings with gun merchants, FT reports
- Wells Fargo reiterates Citi as top bank pick after CEO meeting
- Trump administration prepares to ease rules imposed on big banks, Politico says
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue