Citigroup Moves Almost 1,000 Tech Jobs to India After China Cuts

Citigroup, a major financial institution, has shifted nearly 1,000 technology-related jobs from China to India's business support centers, according to sources familiar with the matter. This move comes after the company made cuts to its workforce in China. The transfer of these tech positions to India is part of Citigroup's broader strategy to optimize its global operations and leverage the country's skilled workforce and cost-effective business environment. The decision reflects the company's efforts to adapt to changing market conditions and optimize its resource allocation across different regions. The relocation of these jobs to India is expected to contribute to the country's growing reputation as a hub for technology and business services, providing employment opportunities and supporting the local economy. However, the impact on Citigroup's operations in China and the overall workforce adjustments have not been explicitly stated in the report.