Citigroup has moved nearly 1,000 tech jobs to India, following job cuts in China, as per reports.
As per a global overhaul, the company shifted the jobs in phases over the past few months, reducing its staffing in China, as per the sources of CNBCTV18. These jobs have now been shifted to Global Capability Centres (GCCs) based in India.
Citigroup had announced its intention to cut 3,500 jobs in China in June 2025 as part of its global simplification process.
Citigroup has some 33,000 staff in India, mostly in GCCs across indian cities like Bangalore, Chennai, Pune and Mumbai. Following the recent H1-B visa changes implemented by US President Donald Trump, some sources believe that global banks may send more jobs to India.
I love our partners here in India. We have some fantastic partners who are strategic relationships for us; I don’t see those strategic relationships diminishing in their importance in any way. The nature of work for everybody is changing. I’m looking forward to seeing many of our key partners while I’m here on the ground,” Citigroup CEO Jane Fraser said in an interview with CNBCTV18 in March 2025.
Fraser’s words highlight Citigroup’s continued interest in the Indian market. While the recent macroeconomic and political changes have made many company’s rethink their stratgies, Indian GCCs seem to be on a steady path of upliftment.
