We all survived 2 major layoffs as of now . Management will stabilize env for a while before next layoff. Now employees, managers will be under constant poll for deliverables. Each manager has to fight for his employees or his position will be eliminated along with them.
Note it’s not delivery from your contractors but delivery from your employees that matters. DevOps and QA will be in tight check. Expect more positions to move to India or latam. Expect something minor in Sept / oct and next major in Jan.
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The next round may be as soon as June 2024 or August. Last year I saw Feb/March, Aug/Sept. I know people who got the axe in both rounds.
When do you think the next round will be? Q3 of 2024? Oct?
It does not make sense. Projects and deliverables are simply jokes at Citi. If you take any responsibility you will be out.
As of today the only thing count is price of shares. And upper management does not know that to do to increase it. So they took simple approach: try and see if this helps. There were few different attempts to solve problems and all give zero gain.
But problem is somewhere else. There is no appetite to drive business. They only cares about shares now. But Citi is a social club - not a business anymore. Business is about to take responsibility and be rewarded for this. It is completely missing in current Citi environment.