You can expect Q1 cuts under the guise of productivity and performance. Streamlining the business and consolidating roles and so forth.
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This is happening right now.
“Citigroup has handed its UK staff an extra four days holiday a year in another attempt by the US bank to give it an edge over rivals by improving work-life balance.”- - -So glad to see the UK get even more.
There will be Q1 cuts everywhere except the UK region. The uptic in hiring will continue there as Jane is strengthening and slowly migrating the Citi power base there overtime. Now that the economy is going south, it speeds up that time table. The upcoming cuts will be hardest felt in the US is what I’m betting, unless of course you fall under the ESG umbrella, then you tic a box somewhere and are safe from that.
Yes, I’ve been told that. The upcoming Q1 layoff was referenced as a sl------r when I got the news. I think its purposely trickling down in order to “mentally prep” the people.
This message is trickling down. I think everyone expects it.