Mumbai, March 17 -- Citigroup, a significant client for LTIMindtree, is reportedly aiming to slash its external IT contractor workforce from the current 50% to just 20%. This strategic shift is part of a broader plan to strengthen its internal workforce by hiring more full-time employees. The bank intends to enhance data security, improve risk management practices, and ensure stricter compliance with regulatory requirements.

According to the media reports, the bank's plan involves increasing its full-time IT employee count from 48,000 in 2024 to 50,000 by the end of 2025. This expansion highlights Citigroup's commitment to building a more stable and secure internal IT team.

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