Citi lay-offs announced
50 people in London will be affected
in this environment may take 6 months to find a decent job
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What teams
Nobody knows yet - people will find out in the next two weeks
Levfin, ECM most likely? IG safe?
FX Strategy
30 cuts in IBD. Mostly juniors.
Where are the other 20 coming from. Cutting 20 in Capital Markets is excessive, desks are already short staffed
any ideas on the teams? and most affected - analysts 1, 2, 3?
30 being cut in IBD and 20 being cut in corporate banking. Things are looking tough out there
30 IBD in London office. That sounds a lot than expected
Cuts in Corp banking?? That’s crazy. Flow bankers usually fare well in any environment
This is all London? No word on US?
Any in Houston?
Any word on US?
White males in IB about to get wrecked
Brutal
The dominoes are falling...
yup, more to come. Not IB but KPMG just announced a big round of cuts today... transaction volume is non-existent
Layoffs over or still ongoing?
The articles says an additional 1,600 mostly across IB and trading to be completed by end of the quarter... so I'd say the 50 people in London mentioned above are definitely not it
Capital Markets being touched or nah
any news? anyone affected?
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