Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Interesting article regarding balance of power shift to employers

https://www.forbes.com/sites/jackkelly/2024/02/05/the-balance-of-power-has-shifted-toward-employers-what-this-means-for-workers/?sh=689e72f45a2e

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| 1091 views | | 4 replies (last February 7, 2024) | Reply
Post ID: @OP+1qVVGVmb

4 replies (most recent on top)

You guys are delusional. Jane is going to be just fine.

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Post ID: @2vty+1qVVGVmb
  • RTO mandate
  • tightening job market (some hedge funds report getting 20,000 resumes for one developer opening)
  • Upcoming recession (the next market crash will be epic, according to some analysts, and will take 20-30 years to recover from, causing possibly tectonic shifts in socio-economic fundamentals)
  • Outsourcing
  • AI as a cherry on the top of the 🚨.

Listen CEOs (Jamie harrican dimon and DJ Solomon) they are
practically dreaming returning to
slavery . And they will

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Post ID: @1imy+1qVVGVmb

During covid they were not happy with the "quiet quitting" movement or workers demanding higher pay or work life balance. They want us to beg for our jobs and worry about layoffs

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Post ID: @1sfn+1qVVGVmb

Less pay. No WFH. No more free stuff. Competing against 10-20 million new people in the US for lower pay. Not all the "migrants" are unskilled. Enjoy su-kers.

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Post ID: @hdw+1qVVGVmb

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