Thread regarding Citigroup Inc. / Citibank / Citi layoffs

GCB re-org and layoffs coming

i received early word from our team leaders that GCB will be undergoing a re-org, and currently there is a wave of layoffs being planned. likely due to the focus toward regulatory measures as well as covid's impact on GCB performance.

anyone have more details / info on timing and what teams are impacted?

by
| 3059 views | | 11 replies (last )
Post ID: @OP+18NyNPjj

11 replies (most recent on top)

ICG loan ops? thats where they had that big revlon fiasco. They're hiring more people to soothe regulators, I don't see where they'll lay off big in that group.

by
|
Post ID: @7npq+18NyNPjj

I know Repuchase (called something else now) had layoffs last week

by
|
Post ID: @6zdh+18NyNPjj

If layoffs began last Thursday, can you say what location and group? What part of GCB is impacted?

by
|
Post ID: @4nib+18NyNPjj

To my knowledge they never have asked for volunteers otherwise there would been many volunteering, getting their package and running. Layoffs began last Thursday.

by
|
Post ID: @4klk+18NyNPjj

Incoming peops are fine as well ad people who work. Some of the slackas are gonna get deuced out though yo. CITI for life

by
|
Post ID: @2vzk+18NyNPjj

What about incoming/current analysts? Are gcb layoffs mostly in nyc or elsewhere

by
|
Post ID: @2jbk+18NyNPjj

Its hard to make up for that HUGE monetary loss that the company gave away. Layoffs are inevitable for that but reflecting on the past, I can’t think of one year in the past 10 that the company hasn’t had one. So its pretty much the norm.

by
|
Post ID: @2hkv+18NyNPjj

This sounds like a bad company. You ask a question and not one of the 2 trillion employees answer. Maybe thay means you are all working ...

by
|
Post ID: @1swx+18NyNPjj

Heard layoffs yesterday some in us consumer

by
|
Post ID: @1hgv+18NyNPjj

I heard end of month. They are starting with C14 then C13 and if they can’t eliminate enough people at those levels then they will come down to C12. They are of course asking for volunteers first.

by
|
Post ID: @mxk+18NyNPjj

Post a reply

: