Citigroup announced a 30% reduction in IT contractors, aiming to cut their numbers from 50% to 20% of the IT workforce. This ...

In the third annual installment, the “Transformation Bonus Program” paid out 68% of the target for 2024 to about 250 senior employees, according to a proxy filing Tuesday. That compares with 94% for ...

The hires, meant to shore up a division that has not been as tech-forward as leadership would like, have included Morgan ...

Citigroup is reducing IT contractor dependence by 30% to enhance security, regulatory compliance, and operational control.

Shares were up 1.7% Friday morning. As part of a turnaround effort under CEO Jane Fraser, Citi has left or is exiting some overseas businesses. She also reorganized the company around five key ...

Many companies have announced they will be laying off employees in March. Companies are required to send out a Worker ...

After struggling in 2024, China's stock market is roaring as its AI trade soars. Meanwhile, US peers are hobbled by growth ...

Citi has also set a goal to trim its global workforce by 20,000 over the next two years. The lender did not immediately ...

Citigroup, one of the largest banking institutions in the United States, has announced plans to reduce its technology workforce by 30% as part of a larger strategy to address operational ...