Citi did extraordinary well in 2025 and made it's position top among global banks and J got a 42 million etc but how did it happen? They are cutting left and right, people are overworking, or not working (like me,got fed up with lowest rating). So it's the FEAR which is working, is it?
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You answered your question - cuts. The problem of Citi is it is bloated - acquisitions, hiring because of regulatory fines, etc. Citi is profitable, but not as profitable as it should be for a bank of its size - so it needs to cut. I can see why - many people in middle/back office are at 50%, even 25% capacity. I have heard that some teams in Warsaw (10 people) did not do a single sh-t for their first 2 years after being hired. It is pathetic, not to mention the thousands of incompetent people, who have been clinging to these top jobs for years. This can only happen at Citi. I have seen people with business degrees from top 1000 unis running quant / tech teams in top locations - how is that even possible?