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Comment by coderintherye | Hacker News Reader

Wow, I had no idea they had this many purely tech staff:

"Citi currently has more than 30,000 software engineers."

Something that SV engineers seem to not understand is just how much software is private software (also how much of it is just plain old boring "enterprise" Java or C#).

It's not glamorous or pays as well as SV startups/unicorns but it's out there and accounts for most of the worlds software.

Too bad they couldn't have a couple of them improve that unusable old loan management program that lost them $900M.

I’ve heard Jamie Dimon brag on more than one occasion that JP Morgan employs “more programmers than Microsoft.”

As a customer, I've been very happy with Chase's software, apps, and even their ATMs.

What are you comparing it to?

As a customer of Chase and CapitalOne, I hate having to use any of Chase's apps.

Another quote "it's a tech company with a banking license"

They even had a tech company within citi. https://www.citigroup.com/citi/news/2009/090120e.htm

This was actually fairly common in super large international conglomerates. At their size it made sense for financial reasons. I think these days the way the tax code is set up it kinda doesn't anymore. I've seen a lot of these IT departments sold off.

wonder how many of 4k are new-hire vs replacement staff

I wonder how many those are part-time contractors or outsourced.

And outsourced to the crappiest of contracting firms like FDM or Infosys.

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