Final Citi layoffs this week which line up to what was mentioned prior (by end of Q1)
Post anything you hear below
Trending Content - Investment Banking Forum
| +119 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 23 | 2h |
| +91 | Americas M&A League Table Q2 Updated | 40 | 1h |
| +72 | Wealthy Parents / Jaded | 24 | 4h |
| +56 | How are hours rn for SA (interns) | 31 | 1h |
| +47 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 16h |
| +42 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 10 | 5h |
| +37 | Boutique firm wants access to my LinkedIn? | 32 | 4h |
| +31 | Investment Banking in Mexico | 9 | 2h |
| +26 | MM bottom bucket bonus | 9 | 3d |
| +25 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 14 | 4h |
Career Resources
I’m hearing Sponsors, C&R, TMT, Industrials
these are IB and CB. unsure about cap markets
Also heard C&R and TMT. Not sure of scale, but seems smaller than those impacted in September ‘23.
Heard Houston got hit and Clean Energy in San Francisco too
Things must be really bad if they’re cutting CB. CB is typically more stable
Any updates on groups? Are juniors also likely to be laid off?
Haven’t heard of any analysts yet. But believe cuts will happen throughout the week, so potentially
I have heard some associates, VPs, and MDs so far.
Was this today?
Heard not enough people left after getting poor bonuses. Guess they didn’t get the hint
Heard the same thing
Have heard of MDs being cut - anyone know which groups MDs are getting cut from?
IB TMT has an MD laid off
NY or LDN?
bump
Are these layoffs in part of Citi's new CEO doing a complete gut restructuring of the company?
She’s not new, but yet. this was the final planned cut as part of the restructuring. they did mostly upper levels in the fall and then did mixed now
So there wont be any further cuts this year?
Why would they let their upper levels go? Were they non-revenue?
Any news on London/EMEA?
Saw 20 across IB, CM, CB. So not that many.
Any colour on the teams affected in IB and at what level
Brown analysts
Bump - heard of layoffs in the NJ office
Vero et aliquid mollitia iure aut. Impedit qui impedit nisi est temporibus.
Aspernatur cum qui sunt recusandae suscipit consectetur ut. Laboriosam ut laborum rerum sit. Fuga reiciendis et deleniti aut. Iure architecto explicabo quibusdam harum reprehenderit autem exercitationem. Minima est reiciendis autem doloremque. Commodi odio et quia et aut. Asperiores provident consequuntur unde nesciunt autem sequi quidem.
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...
Et quia reprehenderit accusamus incidunt iure. Veniam fugiat fuga quidem. Sequi consequuntur voluptatem sint ipsa. Aliquid cumque labore saepe culpa. Rem blanditiis officiis nihil quis voluptas.
Blanditiis saepe perferendis iusto repudiandae sit quo delectus cupiditate. Dolores atque corrupti blanditiis blanditiis doloribus. Quia aut odit qui sint id. Exercitationem numquam voluptatem porro voluptatum labore commodi.
Quam odit voluptatum animi iusto aut. Et facere et ut omnis rem aliquid quia. Voluptas repudiandae totam dignissimos suscipit repellendus velit.
Aut nam distinctio ex. Suscipit voluptates repellendus esse laudantium dolore natus debitis. Rerum ullam dicta ea officiis quo aut beatae.