Tech layoffs: Citigroup to slash IT contractors by 30% amid regulatory overhaul
Citigroup announced a 30% reduction in IT contractors, aiming to cut their numbers from 50% to 20% of the IT workforce. This decision follows regulatory penalties and fraud incidents, prompting the bank to strengthen internal technology capabilities and ensure compliance with regulatory standards.
Citigroup announced a 30% reduction in IT contractors, aiming to cut their numbers from 50% to 20% of the IT workforce. This decision follows regulatory penalties and fraud incidents, prompting the bank to strengthen internal technology capabilities and ensure compliance with regulatory standards.
