Citigroup plans to slash IT contractors, hire staff to improve controls

  • Posted on March 13, 2025
  • By Business News Today
  • 3 Views
Citigroup plans to slash IT contractors, hire staff to improve controls

Citigroup plans to reduce its reliance on IT contractors from 50% to 20% and hire thousands of new employees to enhance its internal technology capabilities. The decision comes in response to regulatory demands for better risk management and data governance. They aim to have 50,000 technology employees by 2024, addressing data issues and preventing incidents like a recent $22.
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