So I've recently been shortlisted for quite a few roles at Citi, and have like 3 interviews. Now while I am not complaining and very grateful I am wondering what's the deal with the mass hiring it seems like they're doing, or is that just an impression I get?
They hire and they fire. It’s a circle of life
Well said by @aineislis. Last quarter there was a hefty enterprise wide layoff at Citi. This is probably a rebound effect of the same.
Sometimes, its a way to get rid of non performers as usually good ones are circulated or moved to a different position prior to mass layoff. At the same time, you lose good people too in the process.
We're a company of 230k employees. Even with low churn we have to be constantly hiring thousands of roles globally to maintain a workforce that size.
Thanks.