Citibank says "Merry Christmas" by notifying ~24,000 employees they are laid off

[1srelluc]

Tis the season I guess.

Citigroup begins massive layoffs as part of corporate overhaul

Citigroup is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

www.nydailynews.com

Citigroup, the third-largest bank in the U.S., is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

Per CNBC, affected employees started receiving notice on Wednesday and cuts will continue to be announced through early next week.

During the first rounds of layoffs, chiefs of staff, managing directors, corporate attorneys and some lower-level employees will be affected. The final cuts could affect 10% of the company's workforce......Citigroup has over 240,000 employees worldwide.....

Relax, it's just Bidenomics....They're building back better don't you know!

Jokes aside the blood is going to run deep when more and more companies start to realize they can cut 50% of mid and lower management and never even miss them.....And there goes what remains of the middle class.

 

[wamose]

Are there any bigger robber barons in our country than banks and insurance companies? It seems like they're the main two industries that can afford to have their name on football stadiums, thieving bastards that they are. MAGA

 

[1srelluc]

Are there any bigger robber barons in our country than banks and insurance companies? It seems like they're the main two industries that can afford to have their name on football stadiums, thieving bastards that they are. MAGA

From what I understand there are going to be a lot of banks doing the same. Lots of eyes on Wells Fargo.

As digital currency becomes more of a thing they simply don't need their current level of staffing.

That and a reduction of force is always well received by the stockholders.

 

[The Duke]

From what I understand there are going to be a lot of banks doing the same. Lots of eyes on Wells Fargo.

As digital currency becomes more of a thing they simply don't need their current level of staffing.

That and a reduction of force is always well received by the stockholders.

Wells Fargo sucks. I was going to open an account there and they were playing woke shit on a monitor as I waiting in line.

Walked right out, fuck 'em!

 

[Harpy Eagle]

Wells Fargo sucks. I was going to open an account there and they were playing woke shit on a monitor as I waiting in line.

Walked right out, fuck 'em!

Knowing Well Fargo they may have opened it anyhow!

 

[Moonglow]

Tis the season I guess.

Citigroup begins massive layoffs as part of corporate overhaul

Citigroup is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

www.nydailynews.com

Citigroup, the third-largest bank in the U.S., is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

Per CNBC, affected employees started receiving notice on Wednesday and cuts will continue to be announced through early next week.

During the first rounds of layoffs, chiefs of staff, managing directors, corporate attorneys and some lower-level employees will be affected. The final cuts could affect 10% of the company's workforce......Citigroup has over 240,000 employees worldwide.....

Relax, it's just Bidenomics....They're building back better don't you know!

View attachment 861192

Jokes aside the blood is going to run deep when more and more companies start to realize they can cut 50% of mid and lower management and never even miss them.....And there goes what remains of the middle class.

How is Biden responsible for a corporation's act of reorganizing its operation?

 

[Harpy Eagle]

How is Biden responsible for a corporation's act of reorganizing its operation?

Worldwide no less, not just in the US

 

[Moonglow]

Worldwide no less, not just in the US

I have only one account under Citi and I just got it six months ago so I have yet to have anything detrimental happen.

 

[Mr Natural]

The big shots at the top need their multi million dollar bonuses.

 

[Moonglow]

The big shots at the top need their multi million dollar bonuses.

Damn capitalism is good, and so is greed.

 

[luiza]

It's nearly here .
Boom, before Xmas day .
Just what our friendly Globalists want .

So do I ---- for Commodity prices to achieve a Moon landing

 

[wamose]

How is Biden responsible for a corporation's act of reorganizing its operation?

Don't tell me you never saw people blame it on the dummy before, even though Biden's stupidity has been fed to him by his dumb party. MAGA

 

[Weatherman2020]

Tis the season I guess.

Citigroup begins massive layoffs as part of corporate overhaul

Citigroup is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

www.nydailynews.com

Citigroup, the third-largest bank in the U.S., is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

Per CNBC, affected employees started receiving notice on Wednesday and cuts will continue to be announced through early next week.

During the first rounds of layoffs, chiefs of staff, managing directors, corporate attorneys and some lower-level employees will be affected. The final cuts could affect 10% of the company's workforce......Citigroup has over 240,000 employees worldwide.....

Relax, it's just Bidenomics....They're building back better don't you know!

View attachment 861192

Jokes aside the blood is going to run deep when more and more companies start to realize they can cut 50% of mid and lower management and never even miss them.....And there goes what remains of the middle class.

Good sign of the state of the economy when major banks are going under.

 

[sparky]

I dont have much to do with banks after they turned their backs on me years ago.....~S~

 

[Arlette]

The big shots at the top need their multi million dollar bonuses.

Shut up. They are job creators. They need another corporate tax cut.

 

[Mr Natural]

Shut up. They are job creators. They need another corporate tax cut.

How else are they going to get by?

 

[Arlette]

How else are they going to get by?

You'll change your tune when that trickle down wealth kicks in. Gotta happen any day now.

 

[Mr Natural]

You'll change your tune when that trickle down wealth kicks in. Gotta happen any day now.

Eliminate their tax burden entirely and you’ll see that wealth come trickling down like crazy.

 

[bigrebnc1775]

Tis the season I guess.

Citigroup begins massive layoffs as part of corporate overhaul

Citigroup is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

www.nydailynews.com

Citigroup, the third-largest bank in the U.S., is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report.

Per CNBC, affected employees started receiving notice on Wednesday and cuts will continue to be announced through early next week.

During the first rounds of layoffs, chiefs of staff, managing directors, corporate attorneys and some lower-level employees will be affected. The final cuts could affect 10% of the company's workforce......Citigroup has over 240,000 employees worldwide.....

Relax, it's just Bidenomics....They're building back better don't you know!

View attachment 861192

Jokes aside the blood is going to run deep when more and more companies start to realize they can cut 50% of mid and lower management and never even miss them.....And there goes what remains of the middle class.

Bidenomics trickle up policy where the shit floats to the top.

 

[Arlette]

Bidenomics trickle up policy where the shit floats to the top.

Did you know that Reagan was so crooked that they had to screw him into the ground?