Citi(US:C) Zheng Quan Shi Bao·2025-06-05 17:57Group 1 - Citigroup announced a reduction of approximately 3,500 technology personnel in its global technology and business support departments as part of its ongoing efforts to streamline operations [1] - The adjustments will not affect Citibank (China) Co., Ltd. or its Guangzhou global technology solutions center [1] - The restructuring aims to simplify organizational structure, reduce reliance on third-party personnel, and decrease the scale of software used, aligning with Citigroup's 2025 financial plan [1] Group 2 - Citigroup emphasized its commitment to continue investing in its business in China to support corporate and institutional clients [2] - The company is seeking to establish a wholly-owned securities and futures company in China [2] - Zhang Wenjie has been appointed as the President of Citigroup China and will oversee business development and operational management [2]