Citigroup plans to slash IT contractors, hire staff to improve controls (reuters.com)

Citi was in deep trouble long before this. I don’t find it surprising they are trying to cut costs. I’ll be less surprised if they are sold off to a larger bank soon.

Who weird have imagined that outsourcing work with sensitive financial data to cheap Indian contractors would do poorly? And so the wheel turns

I predict, in a few weeks, we'll hear more about Citigroup's amazing AI that will replace said slashed IT contractors :)

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