Thread regarding Citigroup Inc. / Citibank / Citi layoffs

IPB Layoffs Possible

According to my friends in retail IPB is bleeding deposits. Talk of “right sizing” the starting with executive team.

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You’re partly right. They’re right sizing but not through lay-offs. Terminations and “retirements” coming. No severance packages. IPB Asia is a complete wreck. LATAM isn’t doing so well either.

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