Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Layoff rumors are ramping up again. Anyone have some scoop?

by
| 1063 views | | 4 replies (last )
Post ID: @OP+1gz50KpV

4 replies (most recent on top)

Things would not be so bad if they’d not cause such costly mistakes. Last year giving away 900 million to the wrong company, this year a huge flash crash caused by a mistake.

https://www.bloomberg.com/news/articles/2022-05-02/citi-s-london-trading-desk-behind-rare-european-flash-crash

by
|
Post ID: @1ynh+1gz50KpV

They are probably working on a revised severance policy first. Gotta make the shareholders as much money as possible. With rates rising, expect things to get very uncomfortable on the mortgage side over the next few months. Time studies, longer hours, people leaving, forcing people to come into the office everyday. They will try everything. They don't want to pay severance. It's a known fact at this point.

by
|
Post ID: @lgg+1gz50KpV

Layoff rumors are started by management to create a work environment of Fear, Uncertainty and Doubt!

by
|
Post ID: @ien+1gz50KpV

I’ve yet to work 1 month in 8 years that there was NOT a rumor of a layoff.

by
|
Post ID: @als+1gz50KpV

Post a reply

: