Citigroup to cut around 3,500 tech jobs in China

Company says move is part of drive to streamline global operations

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Citigroup is in the midst of streamlining its global operations. © Reuters

CISSY ZHOU

HONG KONG -- Citigroup will axe around 3,500 tech jobs in its China Citi Solution Centers in Shanghai and Dalian as part of efforts to simplify its global operations, the company announced on Thursday.

While based in China, workers in these positions support Citi’s global business. The reduction is expected to be completed by the start of the fourth quarter of this year. 

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