Re:Citigroup Plans to Cut 20k Jobs
by hipadev23 on Friday January 12, 2024 @09:46AM
(#38968582)
"by the end of 2026"
[ Parent
| on HN ]
Re:Citigroup Plans to Cut 20k Jobs
by tropical333 on Friday January 12, 2024 @09:50AM
(#38968633)
Not sure these few extra characters were too much to include in the original article's title. Misleading editing.
Agreed that that that that qualifier or similar(over the next two years) would have made sense. However that's 200K began in earnest two month ago already:
>The bank began layoffs in November. At the time, employees speculated Citi would ultimately cut 10% of its workforce.
>They were spot on, executives confirmed Friday.
I can't imagine the morale working in an environment where layoffs are slated to continue for the next two years. Citibank had already been a toilet of a bank for some time. I'm guessing a multi-year layoff plan will do little to alter that.
Re:Citigroup Plans to Cut 20k Jobs
by pi-e-sigma on Friday January 12, 2024 @09:57AM
(#38968725)
technically January 2024 still qualifies as 'by the end of 2026'
Re:Citigroup Plans to Cut 20k Jobs
by that_guy_iain on Friday January 12, 2024 @10:23AM
(#38969089)
Yea, it's probably going to take time to process them all.