do we think it's smart for citibank to be laying people off in risk/compliance?
https://www.pymnts.com/news/banking/2023/citigroup-layoffs-focus-on-support-technology-staff/
2 replies (most recent on top)
I'm sure there will be some change, but Risk & Compliance has already been undergoing transformation for the past few years. The demand for their work also isn't going to change under the restructuring unless they serve a unit being sold off.
No it wouldn't be. But the cuts are really what doesn't fit in the new structure. So no one knows at this point. Any area is impacted at this point. So I don't think their looking at any area as what is considered low or high risk it's really what fits in the structure or not