On June 5, news broke that Citi would begin large-scale layoffs. In response, Citi announced that it will make the next phase of adjustments to its global technical and business support departments as part of its ongoing global simplification efforts. This is also in line with Citi's ongoing assessment of its global resource deployment. However, this adjustment does not affect Citibank Limited, which is committed to continuing to serve Chinese corporate and institutional customers and long-term development in China. (Shell Finance)

On June 5, news broke that Citi would begin large-scale layoffs. In response, Citi announced that it will make the next phase of adjustments to its global technical and business support departments as part of its ongoing global simplification efforts. This is also in line with Citi's ongoing assessment of its global resource deployment. However, this adjustment does not affect Citibank Limited, which is committed to continuing to serve Chinese corporate and institutional customers and long-term development in China. (Shell Finance)