Group 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]

作 者丨吴霜 李览青 编 辑丨周炎炎 江佩佩 6月5日，花旗宣布作为其在全球持续推进的简化工作的一部分，将对其全球技术和业务支持 部门做出下一阶段的调整， 将精简其位于中国上海和大连的全球技术解决中心，减少约3500 名技术人员。 值得注意的是，本次精简只涉及花旗集团下位于上海和大连的技术中心， 花旗银行（中国） 有限公司和花旗位于广州的全球技术解决中心—花旗金融信息服务（中国）有限公司广州分 公司不受影响。 21世纪经济报道记者从花旗上海技术中心员工方面独家了解到， 就在6月5日上午，花旗金融 相关部门召开会议，向员工宣读了解除劳动合同的补偿方案。 此后，一些岗位将不再保留，另一些岗位将整合迁移到花旗全球网络的其他技术解决中心， 以贴近所支持的业务与产品。留任员工将负责支持花旗在中国国内及香港市场的业务及发 展。 据悉，该调整旨在帮助技术和业务支持部门推动精简运营的整体战略，包括简化组织架构， 降低依赖第三方机构提供的人员和缩减软件数量规模等。 在今年1月15日发布2024年四季度和全年财报时，花旗集团首席财务官Mark Mason就表示， 计划在2025年预留6亿美元作为遣散费，以继续缩减整体开始。 花旗 ...

Core Viewpoint - Citigroup announced a significant restructuring of its global technology and business support departments, which includes a reduction of approximately 3,500 technical staff in its global technology centers located in Shanghai and Dalian as part of its ongoing efforts to streamline operations [1] Group 1: Restructuring Details - The restructuring aims to simplify operations, reduce reliance on third-party personnel, and decrease the scale of software used [1] - The adjustments are included in Citigroup's financial plan for 2025, with the completion of staff reductions expected before the fourth quarter of 2025 [1] - The global technology center in Guangzhou remains unaffected by these changes, and Citigroup's local entity in China, Citibank (China) Co., Ltd., is also not impacted [1] Group 2: Support for Affected Employees - Citigroup expressed that the decision was difficult but necessary, emphasizing a commitment to handle the transition with care and respect [2] - A comprehensive plan has been developed to support affected employees, including above-average economic compensation, one-on-one meetings, employee assistance programs, and reemployment support [2]

Core Viewpoint - Citigroup is undergoing a restructuring of its global technology and business support departments, which includes a significant reduction of approximately 3,500 technical staff in its global technology solution centers located in Shanghai and Dalian as part of its ongoing resource deployment evaluation [2][3]. Group 1: Restructuring Details - The restructuring aims to streamline operations, simplify organizational structures, reduce reliance on third-party personnel, and decrease the scale of software usage [3]. - The adjustments are part of Citigroup's financial plan for 2025, with the expectation to complete the staff reductions by the fourth quarter of 2025 [3]. - Citigroup's global office space consolidation has been ongoing, with previous reductions in various countries including the US, Indonesia, the Philippines, and Poland [3]. Group 2: Impact on Operations in China - The global technology solution center in Guangzhou will remain unaffected by the layoffs, and Citigroup's local entity, Citibank (China) Co., Ltd., will also not be impacted [3]. - Citigroup emphasizes its commitment to investing in its business in China to support local enterprises and institutional clients, including plans to establish a wholly-owned securities and futures company in China [4]. Group 3: Leadership Changes - Citigroup appointed Zhang Wenjie as the new president of Citigroup China and the executive director of Citibank (China) Co., Ltd., effective upon regulatory approval [6]. - Zhang brings 30 years of banking experience and will oversee business development and operational management in China [8].

Core Viewpoint - Citigroup announced a significant reduction of approximately 3,500 technical staff in its global technology and business support departments located in Shanghai and Dalian as part of its ongoing efforts to streamline operations [1][3][4] Group 1: Workforce Reduction Details - The layoffs will occur in phases, with the first group of employees who sign termination agreements by June 25 receiving a severance package of "N+6," which includes three months of base salary [3] - The second group, signing between June 26 and July 16, will receive "N+3," while the third group, signing between July 17 and September 19, will receive "N+1" [3] - The severance calculation for "N" is based on the average monthly income over the past 12 months multiplied by years of service, with no cap on either [3] Group 2: Strategic Objectives - The adjustments aim to simplify the organizational structure, reduce reliance on third-party personnel, and decrease the scale of software used [4] - The changes will not affect Citigroup's operations in Guangzhou or its banking services in China [4][5] Group 3: Future Plans and Support - Citigroup plans to complete the workforce adjustments by the fourth quarter of 2025 and will subsequently reduce office space in Shanghai and Dalian [5] - The company is committed to supporting affected employees with above-average compensation, one-on-one meetings, and reemployment assistance programs [5]