Dont we still have close to 5k layoffs to go
12 replies (most recent on top)
Ultimately, Citi has said it aims to shrink its staff by 20,000 by 2026, although Mason said the reorganization will be done this year. - Citi CFO
https://www.bankingdive.com/news/citi-expenses-risk-control-consent-orders-earnings/729897/
100% more on the way before the end of the year. Brace yourselves.
To the OP Post ID: @OP+1uVTVHKA You need to add 40,000 to that number because of the Citibanamex sale. Plus 15,000 after Banamex gets sold. This means Citi has another 55,000 employees to Fvck over and "Layoff" during the next 1.5 to 2 years until at least the end of 2026 !
If all the banks earnings are high except for Citi, then Jane should be #1 to go.
Its kinda of weird why Citi has 1/6th the market cap of Chase Bank yet the same amount of employees. Surely there is waste there somewhere.
Start with HR. Scale them down, outsource what you need for HR at a cheaper price.
Surely we can pay someone else less to do the same for ignoring the pleas for assistance or questions asked.
I think the dude who persistently posts comments about Belfast needs to find a new hobby y'all.
Belfast at risk
I heard that management are taking stock of how many people had left voluntarily this year to decide how many need to be in the next layoff round.
Hopefully it won't be as severe, because a lot have walked.
Yes , more is coming...
Yes, 5k more people with knives on their backs.
More in Dublin?
November