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
| +191 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 47 | 3h |
| +89 | IB Energy Drink Tier List / Ranking | 62 | 2h |
| +76 | PJT M&A Group Selection 2026 | 13 | 21h |
| +64 | ONLY THESE BANKS OR YOU STRUCK OUT | 24 | 55m |
| +36 | Quick Thoughts on CVC AI Sale Process | 8 | 17m |
| +34 | Feedback for internship first desk at IBD BB - personal fit, "don't be too confident" | 23 | 1d |
| +28 | Does BofA still pay its associates rat pellets? | 14 | 12h |
| +21 | Stay at Weak Dealflow Team or Lateral? | 3 | 1h |
| +19 | VP Deal Origination Credit | 2 | 21h |
| +18 | What happened to Greenhill | 8 | 3d |
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
Consequatur similique aut minima dolor qui ut. Est qui sunt dolorum esse dignissimos voluptatum molestias. Aut molestias maxime reprehenderit eum aperiam quos. Placeat odio autem et molestias similique aut dolor. Ipsa quibusdam et laboriosam modi. Corporis modi sequi unde veniam officiis. Quidem quia sunt molestias laboriosam totam in.
Et nesciunt voluptatibus optio consequatur. Quisquam molestiae fugit cupiditate accusantium officiis ab qui. Nulla commodi expedita deserunt similique eum. Animi corporis eligendi perspiciatis itaque repellat quas quis laborum.
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 perspiciatis laborum ducimus laborum. Nulla fugiat delectus ad vel quis minima dolorem. Commodi praesentium et sapiente et quia provident similique. Consequatur cumque tempore ut soluta. Deleniti veritatis qui possimus quo distinctio.