Citigroup has implemented further job reductions across its US operations, impacting middle and back-office functions. These layoffs are part of a strategic initiative to enhance operational efficiency through automation and a multi-year transformation program. Affected departments include risk, compliance, and operations, with some roles being automated and others potentially offshored. The bank has reiterated its commitment to reducing its global headcount as part of its ongoing cost-discipline efforts. These workforce adjustments align with broader industry trends of leveraging technology for structural efficiency.
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https://www.peoplematters.in/news/strategic-hr/automation-push-drives-fresh-citi-layoffs-across-middle-and-back-office-functions-52470