Citigroup Inc has made the strategic decision to reduce its workforce in the Asia Pacific equities research department, with at least ten positions being eliminated. This move is part of the final stages of an extensive global restructuring initiative undertaken by the financial giant. Despite this reduction, Citigroup maintains a significant presence in the region, with a vast team still in place within its equities research unit. This decision reflects the bank’s ongoing efforts to optimize its operations and align its resources with its strategic objectives. The affected employees were informed of this change earlier in the week, highlighting the bank’s commitment to transparency and communication during this transitional period.

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