Do we know this for sure?
“No layoffs for a while. Layoffs will be in January based on performance so management doesn’t have to pay severance pay. Technology teams in ny/nj will be affected and moved to Texas or Florida. Only management and consultants in high cost centers.”
Everyone is waiting for the elections in November.
Based on the commentary today, I would have to think that most people who are tied to regulatory initiatives are safe for the next several months, but who knows?
Belfast keeps coming up in conversations as a target. I heard it in three meetings I was apart of and two meetings I stumbled onto.
It has always been November, week of Thanksgiving, because Citi really cares for your wellbeing, and then in January to get your new year started right after the holidays. Citi is ruthless and careless to its employees regardless of what they think of themselves.
September. List being created. Do you really think they are done for 2024? Logic dictates another big cut. And then January.