Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Citi Job Cuts 2016

Citi's Technology organization is going to be hit with a major downsizing. Already one global Technology head (MD) for their offshore consumer business and one of his lieutenants have been put on garden leave. More to follow soon. Welcome the #H1B cohort...

With the new consumer banking head Stephen Bird deciding to create a Fintech unit within the bank, the existing technology unit will be under pressure both for budget as well as projects. This could lead to the eventual dismemberment of the existing technology unit.

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just got rid of the rest of the citiblue rep positions here in the US and outsourced all citiblue rep positions. smh.

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The new trend is to offshore Compliance job and replacing US force with same Indian / Malaysian "so-called specialists". How can we expect US intellectual property to remain in US? What's next to be cut or outsourced to help CEO and Management getting next year 27% salary raises?

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The firm continues to layoff people that work out of high cost areas and hire in chennai India and Poland then they wonder why so many issues occur. They should dump some upper level management and save the workers that need these jobs to support their families.

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150 GxT employees axed last week - IT cuts coming soon - the # of cuts will be devastating.

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outsourced to India just like the rest of the work.

We've been training them to take our jobs for some time now...

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OK, IT will be hit, outsourced, what else is new

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