Thread regarding Citigroup Inc. / Citibank / Citi layoffs

2025: Upcoming Changes and Concerns

The company plans to expand its digital workforce with AI solutions, eliminate redundancies, and cut costs. Example: scanning Git repositories for duplicate code. There's also a push to reduce contractor dependencies and shift operations to low-cost centers, likely cutting reliance on Visa due to new regulations.

This aggressive cost-cutting strategy is focused on eliminating jobs and streamlining operations, likely resulting in significant layoffs and disruption.
Expecting same interruptions in external job markets for 2025. As Jane pointed out the complete stabilization will happen around 2026.

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| 2781 views | | 2 replies (last December 25, 2024) | Reply
Post ID: @OP+1w8iTnTE

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@urz+1w8iTnTE, Why assume a bank will close before 2026? The government will bail out big banks if needed. They may cut jobs to protect themselves. Just focus on your work, save your job, and adapt or move on.

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Post ID: @1jmt+1w8iTnTE

2026 is assuming $hittybank lives long enough to see 2026.
It's Not a far fetched idea that $hittybank just sells itself in whole or pieces to Competitors before 2026.

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Post ID: @urz+1w8iTnTE

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