Saturday 07/June/2025 – 06:07 PM
Citigroup Inc (City Group) has announced plans to lay off about 3,500 employees in the technology sector around the world, in a move that comes within a comprehensive strategy to restructure its operations and improve operational efficiency.
The discounts will mainly affect the Information Technology Services Department, including the fields of software development, systems testing, operating support, and digital infrastructure maintenance that represents the backbone of the bank’s operations globally.
The bank stressed that this step will be gradually implemented in the coming months, as part of its endeavor to redistribute technological resources in line with its changing global priorities.
The administration pointed out that some jobs will be resettled in the United States and other regions, without revealing specific geographical details about the distribution of discounts.
Rising tensions between the United States and China
This decision comes at a time when “City Group” seeks to reduce costs and simplify the operating structure, but the timing carries broader signs, especially in light of the escalation of tensions between the United States and China, and the accompanying fog in the global trade scene.
Although the bank affirms its commitment to continuing to work in the Chinese market, these moves reflect a strategy re -positioning that may affect the presence of the operating bank in Asia.
In this context, Mark Luet, President of “City” in Japan, North Asia and Australia, said: “China has always been an important part of the” City “global network, and we will continue to provide our services to institutional clients and companies across the border.”
Supply outside China
This step is added to a broader wave of transformations taking place in the American business sector in China, where a recent survey of the American Trade Chamber in China showed that an increasing number of American companies are considering transferring manufacturing and supply outside China due to organizational challenges, high costs, and political fluctuations.
In the context of his response to the increasing geopolitical risks, the bank recently attracted Robert Lightzer, a former American trade representative in President Donald Trump’s administration, as a strategic consultant.
Latitzer is known as a decisive role in imposing customs definitions on China and reformulating major commercial agreements such as NAFTA. And his employment indicates that “City” is in the process of a deep review of its operations sites in Asia and assessing the extent of its sustainability in light of the geopolitical and commercial changes.
