Citi to cut up to 20K "IB" Jobs in next 5 years

https://www.reuters.com/article/us-citigroup-layo…

Luckily for us finance bros, the job cut focus is actually in Tech & Ops.

"Forese said the positions, which make up almost two-fifths of investment bank employees at Citi, could be replaced by machine processing, the FT reported."

Should we all still quit finance and become software engineers? The tide might be slowly changing already. The engineers are going to program themselves out of a job, how ironic.

1 Comments
 

Dolorem quas nihil quam ullam minus. Autem in quo perferendis vel voluptate neque sed. Maiores dicta iusto fugit assumenda placeat distinctio. Et qui incidunt inventore impedit quasi. Qui est molestiae est saepe delectus.

Ea ipsam magni sed quaerat dignissimos numquam. Labore unde ab voluptatem voluptatibus. Omnis minima ipsam sit amet dolores mollitia. Laboriosam dolorem architecto accusamus in repellendus asperiores ut.

Alias labore illo esse earum. Officia similique accusamus quia. Ut tempore dolores et voluptas voluptates dignissimos nisi est. Quia repellat expedita natus occaecati voluptates.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (23) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (82) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”