A naukri.com initiative
HRKatha
2w
7.6k
Image Credit: HRKatha
Citigroup to lay off 30% IT contractors
- Citigroup plans to lay off 30% of its IT contractors and hire more staff for its internal tech team.
- The bank aims to reduce its reliance on third-party workers from 50% to 20%.
- Citigroup seeks to strengthen risk management and data governance through expanding its internal technology team.
- The decision may be influenced by regulatory costs, penalties, and fraud incidents involving contract workers.
Read Full Article
25 Likes
For uninterrupted reading, download the app