Q1 2026
12 replies (most recent on top)
The company has been clear about this since day one. From a layoff perspective there there’s about another 5K left to go to get down to 220k, which is a 20K reduction at headcount from two years ago. Banamex is expected to divest at the end of the year and that will be another 40K getting down to 180K, which is the target state.
@c6 lOL. 15% by March 31. Somehow I suspect you won’t be posting on April 1sr.
@a3 Wrong. Major layoffs coming for you in Tampa and Irving!
It’s appalling to think that some of these posters might actually work in banking because their math doesn’t math. Have no idea how ridiculous the idea that 15% of the workforce could be let go by the end of March. I’d love to see how they manage their own finance cause finance ant their bag man.
@ay maybe over 2 years from now maybe but that’s an enormous amount of people. Back of the envelope at an extremely low cost per head of $50K that’s $1,5B.
They’ve managed to get slightly more than half of the cuts announced in Oct of 23. LOL
Banamex doesn’t count.
It could be more than 15%
@aj why would you doubt him? Might not be on Monday, but gradually I can see how a 15 % reduction is possible. Open your eyes and read between the lines
OP is a troll. Imagine how pathetic your life just be to troll layoff blogs..
@ac You coming back on Monday after 15% isn't laid off to eat crow?
@a3 You sir have NO clue.. Wait til monday.. NY area starts MONDAY..
Within the next two weeks Tech will have layoffs. Good luck to all!
Total BS post. 15% would be between 27k and 30k people. The target stated 2 years ago for the end of 2026 was 20k total. About 10%. About half of that has already happened. Citi does not have the budget or organization to support laying off another 20k people. Troll. Spread your lies and fear mongering elsewhere.