Which company is more risky to join considering the recession might start?
I have offers from these two companies. Have to choose one. Which is more risky? Thanks! #layoff #citi #citibank #goldman #goldmansachs
Citi is too big to fail
Doesnt mean they wont lay you off though...
At least they won't go Lehmann way
Too big to fail, they will get bailouts. I think they are both primary dealers and share holders of federal reserve which means they can tax the world thru inflation and bail themselves out.
Your poll is confusing. Is it for which one to join or which one is risky?
Risky..not to join
Agree the wording is confusing, i voted Goldman sachs but thought OP was asking which was less risky. Oops.
The recession has already started.
They are both safe but pay would be less.
Goldman has a PIP culture
No they don't
Depends on the team you are joining. Citi is trying to close out fed audits so most roles in the regulatory and compliance space is safe. They can't let you go primary because they need to you help with change management spanning over next 5 years. Front office roles is a wash, most banks are trying to be more conservative in recession environment and operate more lean. Hope this helps.
Front office/middle office - Goldman, back office Citi. If you are just resume building / trying to get more comp it's a no brainer. Goldman
Goldman plain dominates in the financial industry. I would not consider Citi even as a competitor. GS tech folks have some intrinsic advantage which makes them 3x more efficient.
You are probably safe if youβre in engineering in any of these orgs. But sachs is safer probably