11:00 AM EDT, 09/25/2025 (MT Newswires) -- Citigroup ( C ) is reportedly shifting about a 1,000 tech jobs to its business support centers in India, months after the Wall Street lender announced cuts to its workforce in China, Bloomberg said Thursday, citing unnamed people familiar with the matter.

The jobs have been moved to India in phases over the past few months, the report said, adding global banks like Citigroup ( C ) might shift more of their work to India after the Trump administration increased fees for new applications for work visas in the US under the H-1B visa program.

In June, Citigroup ( C ) had announced plans to reduce its technology workforce in China by about 3,500 jobs as part of its global simplification efforts, Bloomberg reported.

Citigroup ( C ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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