The timing of these announcements is outright hilarious
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Chubak never met an expense (associate) he was not wanting to cut. Keep bowing at the feet of Ted and telling us we are the children he and Pat never had.
Once again EDJ is 5-10 steps behind the competition because they have no original thoughts anymore. Guess in 5-10yrs they will bring everything back.
"Citigroup plans to bring more of its information technology work in-house. The finance giant plans to reduce its share of contractors to 20% of its 50,000-person IT workforce, down from 50%, Reuters reports, citing an internal presentation. It will also hire 2,000 full-time tech staffers. The changes come as Citi addresses a $136 million regulatory fine related to data management issues. The bank is also consolidating its IT operations and may tighten oversight of contractors to enhance security and efficiency."
"Citigroup had a $22.9M fraud event related to an IT vendor."
Hahahahahahahaha!!!!!!
https://www.reuters.com/business/finance/citigroup-plans-slash-it-contractors-hire-staff-improve-controls-2025-03-13/