ALL major banks and almost ALL analyst predict that in about 1-2 years after the interest rate hikes that are coming, we will enter into a light to moderate recession lasting for at least 1 year and another 1-2 years after that to return to “normal” whatever that is nowadays.
During all this will be a prime environment for Citi to drag out and proudly wave the layoff banners. It’ll be like it was 8 years ago. Managers making sure to let everyone know that “these are trying times and to expect a layoff” all the while piling on the work.
Management revels in such occupancies as such a climate provides them will tools. Hammer away at your people relentlessly. It’ll drive the weak ones away and the ones that stay you can really squeeze extra extra work out of them using fear.