Thread regarding Citigroup Inc. / Citibank / Citi layoffs

When is the "medium term"?

Is Jan 22 the so called medium term? or sometime later?

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| 1181 views | | 6 replies (last January 13, 2024) | Reply
Post ID: @OP+1qx20amk

6 replies (most recent on top)

You realize many companies cull about 10% of employees every year. Stop focusing and worrying about layoffs, this is really much to do about nothing if it’s 20k over multiple years.

You all would have jumped off buildings in 2007/2008! ( we’re you even out of college then??)

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Post ID: @1onv+1qx20amk

When everyone was thinking by end of 1Q24, everything will be better…now we will have 2 to 3 years of people don’t caring and being worried all the time. Employee morale will be taken to a new low level.

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Post ID: @1yzy+1qx20amk

In financial terms "medium" is defined as more or less 3 to 7 years. One method validating this, take a look at the naming convention of US Treasury bonds, Notes, Bills and Bonds, with each one with a defined length of time. Seven to ten years are unusually defined as long term.

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Post ID: @1zbq+1qx20amk

Medium term is usually a few to several years. Would imagine a lot of that naturally happens by not backfilling retirees / departures.

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Post ID: @msf+1qx20amk

Yeah I saw that too! But I’m like that’s BS! Meaning majority of the layoff q1 and some lagging ones by 2026 so that they can that lol.

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Post ID: @spn+1qx20amk

WSJ says "end of 2026"

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Post ID: @hku+1qx20amk

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