Where will the next 20K to be laid off come from?
What departments?
Where? North America? Overseas?
20 replies (most recent on top)
Citigroup intend to spin off Banamex, the bank unit based in Mexico, in the near future. Once that unit is spun off, all employees within Banamex will no longer be counted as Citigroup staff. Meaning most of the headcount reduction remaining will be associated with the Banamex spin off.
B = call center, Jan 1st.
I don’t understand why they would be targeting Belfast, it’s a low cost area, in fact it wasn’t that long ago it was encouraged to hire in Belfast due to lower wages.
Belfast will be hit hard. Reduced to a call center. A few in UK.
Who are they? Why can't we take name if already decided
Are the rats leaving the sinking ship? This week another announcement that a senior leader in CTI is pursuing outside opportunity. Members of the board of directors in some countries in EMEA are leaving in next weeks…… So what does the top of the house know which is not known by the worker bees?
Is it true on layoff location? I see CTI having too many leadership changes !
Both UK and Belfast some also in Asia and US.
More so in Belfast to be chopped than anything.
No layoff at CTI side, more hiring happening now. Layoffs are just another rumours.
Wage costs are less in Belfast than in London though. The bank would make more savings by targeting London staff.
No layoffs for a while. Layoffs will be in January based on performance so management doesn’t have to pay severance pay. Technology teams in ny/nj will be affected and moved to Texas or Florida. Only management and consultants in high cost centers
TCS Vendor at India loc. getting lot of Tech roles soon as part of upcoming layoffs. Replace Technology staff with Vendor Operation.
For all those saying Belfast, any particular part of the business being impacted?
Belfast it is !!
Yeah, a little in UK but mainly in Belfast. Sorry guys. :(
I heard Belfast will be hit hard.
oh they love to outsource
probably a good chunk from North America
do you call it a layoff or a "transfer of responsibilities"
Anyone and everyone not kissing up to their pathetic manager
just belfast?
Belfast.