Tis the season I guess.
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.
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.
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