Are the jobs from people who left, were laid off or newly created jobs? Seems like the job posting mill would dry up a bit since we are 'transforming', making cuts and such.
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Run off the tenured experienced people at a little higher pay and higher cheaper with a prevalent focus on ESG woke mentality. Everybody wins.
Companies, especially Citi, refuses to transfer people to a new job when their old job is jd'd.
They seem to prefer to let knowledge and talent walk out the door.
agree with OP. Seem similar circumstances in my old company.. there were massive layoffs targeted at certain roles. On the flip side they were hiring massively to for new ones.
Hi. OP here. I don't understand why the post was voted down. It's a genuine valid question to ask. May not have come from a company of this size originally. I've had other people ask me this too and thought I'd see what other people may want to share. Now's not the time to be nasty to one another. Smh.
I remember it works the same way in other companies too. Layoff's are for specific positions as for Hiring too. There could be opportunities for you to move between teams.
Not true. Keeping the jobs previously posted is one thing, they have been posting new jobs after the recent announcements. Good thing, gives an opportunity for the the roles that may be truncated to submit their candidacy for consideration.
The Wall Street Journal did a story earlier this year:
https://www.wsj.com/articles/that-plum-job-listing-may-just-be-a-ghost-3aafc794
From the March article:
"Companies might also be reluctant to take down ads ... because 'we don’t want to signal we’re slowing down, so we’ll let these things ride.'”
That companies might STILL be keeping postings up or, unbelievably, posting new jobs they have no intention of ever filling might be companies desperately doubling down on the narrative about the "resilient" economy and "strong" job market. Because, after all, if the peasants really understood what a massive pile of debt-laden cr-p the economy truly is and what abject HE-L job hunting is because of a lack of good jobs for the dying American middle class, well, they might just panic and sell their shares. And we can't have that, can we? Won't anyone think of the billionaires?!
And about yesterday's "strong" jobs report...
https://www.zerohedge.com/markets/inside-todays-jobs-report-885000-full-time-jobs-lost-offset-1127-million-part-time-jobs
citi is basically streamlining low skilled workers overseas and domestically while getting rid of multiple layers of redundant controls groups. They are also getting rid of overpaid director level positions and putting double work on tye cp/svp levels. At the end of the day, they still need pleebs to do grunt work.