I can't say what location but an entire KYC small business department is being laid off Monday it's about 40-50 people b10 all the way thru c12
21 replies (most recent on top)
@v6 20-25 min this round.
@v5 I'm sorry to hear, do you know how many were affected from Texas?
Yes I got impacted KYC TX
Official layoff numbers are just shy of 100 for this group. Impacted NY primarily but some in TX. All KYC Business, they offshored the roles.
May be next layoffs focus on them.
@dv KYC is STILL massive. Even after layoffs in 3 other states there are several remaining, majority are now housed offshore. That’s all this is, a move to cut costs.
KYC was bloated a decade ago in response to a consent order. That has lifted, time to move on to the next consent order. Sanctions maybe?
@da sure C12 do all the work. LOL. Anyhoo the OP says the entire dept through C12 is being laid off. It’s so stupid on its face.
@a3 they mean that the c13s and higher don’t seem to be in the line of fire. Read the room. And as for c12s running the dept, yes, basically they do considering they are the most hands on with it all. C13s occasionally, c14 and up? Nah. That’s all bureaucratic bs.
@d8 nope, they are offshoring everything. Have been for some time now, well over a year.
seems KYC is ripe for automation / AI
Massive!!!
Location is NY KYC small Business.
Going to be massive!!!
@an risk had 100 people laid off? News to me..first line or second line? Which risk stripe?
@ag+1k2nadrxk Thanks! I believe you. I think some people either are in denial or trolls. Thank you for sharing. I said something about risk and folks didn't believe me then 100 people were laid off shortly afterwards.
All you can do is share and leave folks to decide for themselves. Everyone, please keep sharing!
yikes sorry for the typo C14, hey believe what ever you want
@ad sure thing troll.
@a3 You must work at Citi because you have the reading comprehension abilities of a gnat.
@a3+1k2nadrxk You are twisting what they said. They said 40-50 people B10-B12 being laid off NOT the dept is run by a C12. You are more like the troll.
The dept is run by a C12? You gotta work alone improving your trolls.