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

[bigrebnc1775]

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

Dis you know you read way to much lies. And try to push the shit off as fact to those old enough to know better.

 

[TheParser]

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 horrible to lose one's job.

And at Christmas time yet!

Couldn't management have at least waited until the new year?

I am 86.

I realize the days are over when someone spends his/her whole work life at one company and receives a defined pension for the rest of his/her life.

I just wish corporations today would have a little more heart.

 

[Arlette]

Dis you know you read way to much lies. And try to push the shit off as fact to those old enough to know better.

Reagan, the patron saint of voodoo economics/neoliberalism.

 

[Mr Natural]

How horrible to lose one's job.

And at Christmas time yet!

Couldn't management have at least waited until the new year?

I am 86.

I realize the days are over when someone spends his/her whole work life at one company and receives a defined pension for the rest of his/her life.

I just wish corporations today would have a little more heart.

Heart costs money.

And how’s the CEO of Citibank supposed to get by on a lousy $25 million a year?

 

[CrusaderFrank]

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 it Citibank skated past the interest rate spikes? Were they hedged? Did the Fed prop them up?

 

[leftwinger]

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

FED GOVT the biggest crook by far, State GOVT next. Basically a $7T mafia?

They require you to buy insurance against those they let across the border and give license to drive un-insured.

 

[leftwinger]

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

you guys could always start up and run your own banks. You could pay everyone $250K maybe. Call it Flat-Pay?

 

[iamwhatiseem]

This is only the beginning, 2024 is going to get very ugly.
Commercial real estate is set to collapse just like home market did in 2008.
Only, the amount of losses will be larger.
The banks are going to be screaming their heads off for Biden to give them our money to bail them out - AGAIN!!
Will he?

 

[Mr Natural]

you guys could always start up and run your own banks. You could pay everyone $250K maybe. Call it Flat-Pay?

The CEO of Citibank did not start the company.

She’s an employee.

 

[leftwinger]

The CEO of Citibank did not start the company.

She’s an employee.

so? No one seems to like the way they do business? Perhaps the board genius can do better?

maybe they wanted to clean the books before next year Starts up?

 

[bigrebnc1775]

Reagan, the patron saint of voodoo economics/neoliberalism.

Sucks that you wasn't alive to know better

 

[bigrebnc1775]

Heart costs money.

And how’s the CEO of Citibank supposed to get by on a lousy $25 million a year?

Most of their political contributions go to democrats.

Citigroup Inc Profile: Summary

Citigroup Inc organization profile. Contributions in the 2022 cycle: $1,204,235. Lobbying in 2021: $0. Outside Spending in the 2022 cycle: $0.

www.opensecrets.org

 

[ScorpioRising007]

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.

Regardless of who is president you see this happen every year close to Christmas. This is a clear example of why we need a Universal Basic Income, socialized medicine, and American needs to become more socialist or communist.

 

[dudmuck]

This is only the beginning, 2024 is going to get very ugly.
Commercial real estate is set to collapse just like home market did in 2008.
Only, the amount of losses will be larger.
The banks are going to be screaming their heads off for Biden to give them our money to bail them out - AGAIN!!
Will he?