Citigroup plans to hire more than 4,000 tech workers as it aims to expand its digital offerings, Bloomberg reported June 6.
“We’re trying to digitalize as much of our client experience as possible, front and back, and modernize our technology,” Jonathan Lofthouse, head of markets and enterprise risk technology, told the news outlet. “Those firms that can digitalize fastest are going to create competitive advantage.”
The bank raised tech spending by 10 percent last year to $10 billion, Bloomberg reported. It currently has more than 30,000 software engineers, and data specialists are particularly in demand at banks and in the economy as a whole.
Citigroup didn't respond to a request from Becker's to confirm the report or when the hiring will take place.