Re:Citigroup Plans to Cut 20k Jobs
by bogomipz on Friday January 12, 2024 @12:31PM
(#38971096)
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.
>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.