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Saturday, March 7, 2026 8:47 PM

H-1B visa

Citigroup Shifts Nearly 1,000 Tech Roles to India After China Job Cuts

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Citigroup has relocated around 1,000 technology positions to its Global Capability Centres (GCCs) in India following major layoffs in China, according to people familiar with the development. The transition, carried out in phases over the past few months, comes as part of the Wall Street bank’s ongoing global restructuring strategy. While Citi has not officially commented on the move, sources indicate that the decision aligns with a broader trend of multinational banks shifting more back-end and technology functions to India. The shift could accelerate further after former US President Donald Trump’s surprise policy proposal to charge $100,000 for new H-1B visa applications, making offshore support centres even more attractive. India’s GCC ecosystem has grown rapidly, now valued at about $64 billion, according to EY. Citigroup already employs roughly 33,000 professionals in India, mainly across hubs in Bengaluru, Chennai, Pune, and Mumbai. In June, Citi revealed plans to trim its China technology workforce by approximately 3,500 roles under its global simplification drive. The latest transfer of jobs to India is a key part of that transition. Source: Bloomberg

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UK Plans Visa Fee Waiver to Attract Global Science and Tech Talent: Report

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The UK government is reportedly considering a visa fee waiver as part of its push to attract top global talent in science, research, and technology, according to a Financial Times report on Monday. The proposal comes under the Global Talent Taskforce, a body launched in June and directly reporting to Prime Minister Keir Starmer and Chancellor Rachel Reeves. It is supported by a £54 million Global Talent Fund designed to cover relocation and research costs for exceptional individuals and their teams over five years. A senior government official told the newspaper that the idea of cutting visa fees “to zero” was being explored to target individuals from leading global universities or winners of internationally recognized awards. The move comes as the US, under President Donald Trump, imposed a steep one-time $100,000 fee on all new H-1B visa applications—widely used by the American tech sector, with Indians being among the largest beneficiaries. Chaired by Varun Chandra, the PM’s business adviser, alongside Science Minister Lord Patrick Vallance, the taskforce aims to simplify the UK’s Global Talent Visa route, which has long been criticized for being overly bureaucratic. The UK’s Department for Science, Innovation and Technology (DSIT) said the initiative sends a “clear signal” that Britain wants to remain a global hub for innovation by drawing in world-class researchers, entrepreneurs, investors, engineers, and creatives. “Competition for elite talent is fierce,” former business and trade secretary Jonathan Reynolds said at the launch, stressing that the policy would boost innovation in critical sectors, create jobs, and strengthen the economy. While the government says the plan supports its Immigration White Paper to fast-track “the brightest and best” into high-growth industries while limiting overall migration, opposition voices are pushing back. On Monday, Nigel Farage’s Reform UK party vowed to scrap the route to Indefinite Leave to Remain (ILR) if it comes to power, accusing the system of being misused and pledging a tougher citizenship process with higher salary thresholds. Downing Street dismissed these proposals as divisive and unworkable. Source: PTI

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