Thread regarding Citigroup Inc. / Citibank / Citi layoffs

10 replies (most recent on top)

It happened today and it wasn’t all folks in the USA. They don’t care where you are. A head is a head to top management. How little you make had no bearing.

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Post ID: @1b0+1kh65kcab

@ez If only you could write in complete and comprehensible sentences.

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Post ID: @re+1kh65kcab

@b5 tampa now designated as a high cost location. No new hires if function supported other locations and lateral moves for replacement to same location
. Start q3 next round

Im for Irvine . New role

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Post ID: @py+1kh65kcab

@cd will the lies ever stop? You're like a cockroach.

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Post ID: @ey+1kh65kcab

@c8

In reality, Mumbai employees are close to 1/3 of US/UK pay, especially in back office. So math does not work anymore. Just inertia, I wonder what are western companies going to do now to cut costs?

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Post ID: @ea+1kh65kcab

Head leadership meetings today in Florida. Each area has to eliminate 20%. This can be across all countries.

No early notification to be done. Goodluck! This company is not like it used to be.

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Post ID: @cd+1kh65kcab

@a7 it takes 3 Indians to do the job of one US/European/Costarican. The good news for those in Mumbai? You cost 1/5th of a US employee. So the math kind of works.

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Post ID: @c8+1kh65kcab

@b5 Lies.

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Post ID: @b6+1kh65kcab

close to 200 to be let go in Tampa the week of Feb 18th. no clue what departments.

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Post ID: @b5+1kh65kcab

Mostly US citizens are affected, which is reasonable due to their poor cost efficiency.

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Post ID: @a7+1kh65kcab

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