Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Any layoffs anticipated due to Covid19 fallout?

Is this being discussed to anyone’s knowledge?

by
| 1871 views | | 4 replies (last )
Post ID: @OP+1413geCU

4 replies (most recent on top)

Is this lay-off plan across the businesses or is it more toward consumer group? Site specific?

by
|
Post ID: @14jcd+1413geCU

Yes, there is a layoff plan in the works, depending how the economic damage to the P&L this year is and previously planned efficiencies savings that were meant to be implemented this year. For nowm it is not until end of 2020 and depending whether Covid-19 causes further business disruptions.

by
|
Post ID: @11ryt+1413geCU

Yes. HR is already working on layoff plan but since firm accepting government money/COVID they will not be doing anything until 2021.

by
|
Post ID: @10ved+1413geCU

April 1, 2020 Michael Corbett say 'no layoffs' CNBC’s “Squawk on the Street. That said, it doesn't hurt to be prepared for such, especially since no one knows how bad this going to get. I sure wouldn't expect much in the way of bonuses or pay raises this or next year.

Personally, I'll consider this year a win if I stay out of the ICU and can still pay my bills at the end of it.

by
|
Post ID: @wayi+1413geCU

Post a reply

: