Is there a major round of layoffs about to hit the compliance department? Dan Veale, the global head of surveillance was reassigned to a far less prestigious area of ICRM. Jennifer Taylor, the Chief Compliance Officer of a major unit, has not been seen in the office for weeks. She also no longer has anyone reporting to her as per the global directory, of where till recently had. The Jersey City location is filled primarily with compliance officers, of where Citigroup recently fired a WARN Act with the state of New Jersey, that the bank intends to layoff 70 staff in that location the first week of December. In summary, the combination of an official WARN notice for a location housing compliance staff and the apparent elimination or reassignment of two senior compliance executives makes it highly probable that a major reduction in force is targeting the compliance department. Anyone else observing possible pre positioning ahead of a major change?
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A lot of people are coming of dedicated consent order roles as Jane expects the CO to be behind Citi in early 26’. Job losses will be significant as there are not enough chairs.
@1ab where did anyone state she was not?
Is that why JG in Finance Treasury Funding has been "On Leave" for several months now ?
KYC maker is being offshored to india, manager have already been notified but told not to inform teams til Jan where they will begin training them. Central bankers are being offshored to india by end of 2026 with the new system that's replacing Concierge in july less people are needed.
MD's that previously had a lot of directs suddenly not having anymore directs probably means they're on garden leave - in between a move to some other place but can't join a competitor bank for 60/90 days and the 60/90 days are paid for by Citi so they're still on corp dir but you won't them on Teams etc.