Citi to cut 3,500 tech jobs in China in global revamp - https://www.reuters.com/business/world-at-work/citi-cut-3500-technology-jobs-china-part-global-revamp-2025-06-05/
Furthermore, The layoffs in China come as Citi continues to work through a broader plan announced January last year, to reduce 10% of its workforce, or about 20,000 employees globally. It has moved to streamline operation and downsize office in the U.S., Indonesia, the Philippines and Poland, the statement said.
As we’re all facing EQFLs that are taking weeks to resolve
most of them will be hired back soon
I think it will complete by Q4
Can we expect more cuts on Tech from these loc. U.S., Indonesia, the Philippines and Poland??
actually, many got cut yesterday, they are out of many teams now
@bb pathetic response, no empathy there. There are human beings and has families to feed.
Ai is coming for the tech jobs.
My question is that there was no handover from these 3500 people, how can they be so confident that everything will run as usual?
it needs to happen yesterday already, too long with China
But we're a technology company right?
@aw it is nightmare and shock
A fatal move for Tech team.