Banks are mostly affected by recession. If it occurs do you think Citi is prone to start layoffs? TC: 90k #layoffs #citibank #citi
Yes, even if they don't need to they will use this time as an excuse to clean house.
Nope
I thought banks are less impacted than tech?
Isn’t it hard to get fired at Citi? At least that’s the inside joke. Unless you’re really underperforming or on trading desks that need to be downsized
Nope I have seen many layoffs at Citi. It typically isn’t based on your performance at all. They get rid of duplicated orgs entirely before and many got let go or forced to move to other teams if you are lucky. This is specific to consumer business.
Total comp ?
Updated