Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls
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Citigroup is planning to reduce its use of IT contractors and hire thousands of IT employees to address regulatory issues related to data governance and controls.
March 13, 2025 | 10:45 am
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Citigroup is shifting from IT contractors to hiring thousands of IT employees to address regulatory issues concerning data governance and controls.
The move to hire more IT staff and reduce contractor reliance is a strategic response to regulatory challenges, which could improve operational efficiency and compliance, potentially boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100