Citigroup responds to rumors of large-scale layoffs: will readjust the technology department, large-scale layoffs will not affect Citigroup China

On June 5th, Citigroup announced that it would initiate a large-scale layoff. In response, Citigroup stated that as part of its ongoing efforts to streamline operations globally, it would make adjustments to its global technology and business support departments in the next phase. This is also consistent with Citigroup's ongoing assessment of its global resource deployment. However, this adjustment does not affect Citibank Limited, as Citigroup is committed to continuously serving corporate and institutional clients in China and to long-term development in China. (Beike Finance)