Any rumors on when the next round will happen?
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The stock price is starting to tank again.
This is bad news for us, as Jane will need to keep slashing to please Wall Street.
Warsaw and Belfast are strategic sites, no way Citi will do major layoff there. It should be high cost sites such as USA remote workers.
The stock price will fall in fall and get ready for next rounds to please investors.
It will be this fall and Dec.
UK, Poland and Belfast will be hit.
I assume it will be before 9/30, and likely again after the end of the year.
Even Jane is not capable and scare of removing these old big dinosaurs.
A multiple year series of layoffs. How stupid is that? Why would anyone do it and drag it out? Moreover, why would anyone allow the same old people stay in their roles? Change won’t occur until the people that earned the most amount of money yet achieved the smallest amount for the company and its shareholders are thrown out the door! Selva, Fraser, any MD in either a global or risk / compliance role needs to be swept out. This company is junk and it’s all because of some of the people. This reorg is a sham. A facade. Papering over the cracks to allow the gravy train to go on.