<ul><li>Citigroup Inc. is laying off about 3,500 tech employees in China as part of a global revamp to simplify processes.</li><li>The layoffs at solution centres in Shanghai and Dalian will be completed by the fourth quarter with potential role shifts to other global centres.</li><li>These job cuts will not affect Citibank (China), ensuring continuity of banking services for clients in the country.</li><li>Citigroup aims to increase internal technology team strength and reduce reliance on external contractors, focusing on enhancing systems and processes after facing regulatory challenges.</li></ul>

Citigroup to lay off 3,500 techies in China; to revamp globally

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