Citigroup cutting IT jobs, shifting some work offshore
Citigroup is cutting 11,000 jobs, many in IT, as part of a restructuring announced Wednesday.
Citigroup is cutting 11,000 jobs, many in IT, as part of a restructuring announced Wednesday.
Groups of companies in the same industry could mitigate the effects of cyberattacks by pooling infrastructure resources and working together on security issues, a senior official in the U.S. Department of Homeland Security has suggested.
Amazon is working on a smartphone to be released in the fourth quarter of 2012, according to a Citigroup analyst quoted by <a href="http://allthingsd.com/20111117/amazon-kindlephone-for-2012/">All Things D</a> .
Citigroup is set to implement a workflow and trading platform from Fidessa for its derivatives business globally.
Citigroup has acknowledged that hackers broke into its network and stole credit-card information related to tens of thousands of customers in North America, according to several reports.
SAP has vowed to triple its financial services business, and become the largest IT supplier to banks within three years.
Citigroup and JP Morgan traders sent emails in 2007 and 2008 warning of the risk of dealing with Bernard Madoff, according to separate lawsuits against the banks.
Professed White Hat hackers face federal criminal charges for grabbing the e-mail addresses of 114,000 AT&T 3G customers who use iPads.
Citigroup may be in the midst of massive IT restructuring, including layoffs (as reported in Computerworld last week), but it is planning to upgrade as many as 500,000 of its PCs to Windows Vista in the next 13-14 months, according to Microsoft chief executive Steve Ballmer.
Citigroup has announced that it will lay off 17,000 workers as part of a massive restructuring expected to save the company more than US$10 billion (NZ$17 billion) over the next three years.