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citigroup to reduce contractors and hire thousands to enhance data governance
Citigroup plans to reduce its reliance on IT contractors from 50% to 20% and hire thousands of employees to enhance data governance and risk management amid regulatory scrutiny. The bank aims to consolidate its IT operations and address recent fraud incidents linked to external contractors. As part of this strategy, Citi will relocate its IT team from Rutherford, New Jersey, to a new site in Jersey City next year.
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