Citi Layoffs?
Heard Citi is doing layoffs accords IBD next week, anyone have any details on the size and scope of the cuts?
Trending Content - Investment Banking Forum
| +320 | UBS Tech MD hires Son (from no-name college) as an Intern | 54 | 6h |
| +89 | [Official] 2026 IB Analyst Bonus Megathread (with 2025 Consolidated Pay and Perks/Benefits) | 12 | 1d |
| +53 | Is DCM actually underrated ? | 20 | 3h |
| +46 | Are all Tech / TMT groups sweaty? | 31 | 12h |
| +46 | Evercore Intern Seizure | 6 | 12m |
| +41 | UBS Groups Ranked by Future Outlook | 20 | 5d |
| +41 | JPM M&A is Gone??? Purely Coverage Banking??? | 20 | 11h |
| +37 | Am I behind? 31 Year Old Analyst | 10 | 15h |
| +32 | UVA McIntire vs Cornell Dyson for IB | 19 | 3d |
| +32 | Losing my personality in Banking | 5 | 1d |
Career Resources
Bump
Heard there will cuts across the board. Does anyone have details?
Who did you hear this from? What’s your source?
Haven't heard anything yet from my team. Where did you hear this from?
Irresponsible to post this just based on rumors. Cite a source or GTFO.
Heard the same thing from Sr Banker
Heard it as well from the analyst that works with that Sr Banker
Haven’t heard anything either
Confirmed - They’ve already started to do layoffs in specific groups
Confirmed via bloomberg
Source?
https://www.bloomberg.com/news/articles/2022-11-08/citigroup-cuts-dozen…
BARC also cutting. ~3% of global headcount is stated figure
Cousins works as a associate at Citi in cap markets group, juniors for layed off last week
End of the day, layoffs nowhere near tech/FAANG
Wouldn't affect incoming interns would it?
Serious? Return offers are obviously going to be down because FT headcount is already down
FT return was already atrocious in 2022... It was 40% for Capital Markets... Lower than that?
No they won't cut incoming intern / SA offers. Horrible press, you guys don't start/ get paid for a long time, and Citi is not like going underwater or anything they are just slimming down like everyone else.
FT offers might be down like this year but who knows what the market will look like, no use speculating this far out
Oh ok, thats reassuring!
What groups were hit?
Tech fired 2 directors i think
Aliquid consequatur officiis sunt voluptatum consectetur ratione maiores at. Dolores mollitia maiores aut ipsam qui. Ut ut est necessitatibus atque.
Quas sed ea laudantium vel ea officiis neque. Expedita minus ea pariatur voluptatibus debitis velit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Qui error sed veritatis optio officia quas cupiditate. Illum vel eos quo. Fugit et sed quibusdam et.