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Citigroup Inc. (C) to Terminate 3,500 Tech Jobs in China Amid Global Overhaul

As part of an expansive global restructuring initiative, Citigroup Inc. (NYSE:C) is set to eliminate around 3,500 technology roles in mainland China. The move is scheduled for completion by early Q4 2025.

Despite the decision affecting positions at its Shanghai and Dalian solution centres, the company’s local entity, Citibank (China) Co., remains untouched, reaffirming its dedication to China. Citigroup Inc. (NYSE:C) also emphasized that some of these roles will be reassigned to alternative locations to prevent interruptions in international operations.

With a promise to continue channeling investment into this unit to serve corporate as well as institutional clients, the company initiates this decision as part of a wider reorganization strategy unveiled last year. In addition to optimizing the company’s operational efficiency, the strategy involves shedding close to 20,000 positions globally before the end of 2026. Marc Luet, Citigroup Inc. (NYSE:C)’s regional head of Japan, Asia North, and Australia, made the following comment:

“We are committed to our corporate and institutional clients in China and supporting their cross-border banking needs, as well as clients across our international network who do business there.”

Despite the decision, the company stands strong with a consensus Buy rating of 24 analysts and an upside potential of 8.64%.

Headquartered in New York, Citigroup Inc. (NYSE:C) has operations in more than 160 countries and territories. The company’s China strategy has seen several shifts, including the 2022 decision to exit the country’s consumer banking sector.

While we acknowledge the potential of C to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than C and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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