Citi: 3,500 jobs cut
Citi announced the layoff of 3,500 technology roles as part of a broader effort to streamline operations and reduce costs. CEO Jane Fraser acknowledged that AI will change the nature of jobs within the company, indicating a strong connection between the layoffs and the adoption of AI technology. The layoffs are part of a larger plan to reduce 10% of the global workforce, totaling around 20,000 employees.
Conservative
0
Core Estimate
2,625
Upper Bound
3,500
Sources
CEO of America's third-largest bank, Citi, that cut thousands of tech roles, says: AI will change the nature of jobs, like when I was an analyst, I spent time ... - The Times of India
CEO of America's third-largest bank, Citi, that cut thousands of tech roles, says: AI will change the nature of jobs, like when I was an analyst, I spent time ... - The Times of India Edition IN English Weather Sign In - Videos - News - Technology News - Tech News - CEO of America's third-largest bank, Citi, that cut thousands of tech roles, says: AI will change the nature of jobs, like when I was an analyst, I spent time ... Trending MacOS DVD Playback Microsoft Frontier Company Micha