BENGALURU: Citigroup Inc’s investment banking business could shed as much as half of its 20,000 technology and operations staff in the next five years due to automation, the Financial Times reported on Monday.
Operational positions were the “most fertile for machine processing,” the FT reported https://on.ft.com/2sKGGvZ, citing Jamie Forese, chief executive officer of the bank’s institutional clients group.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
