Citigroup cuts 500 jobs in Singapore as part of global restructuring, retaining 8,000 staff.
Citigroup has cut 500 jobs in Singapore as part of its global restructuring plan. The bank now has 8,000 full-time and contract staff, down from 8,500 in October. The company has eliminated certain management roles and positions focused on the Asia Pacific region to streamline operations. Despite the downsizing, Singapore remains one of Citi's largest operations, with plans to hire more staff for its growing wealth business and commercial bankers to cater to regional company expansion.
July 08, 2024
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