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.
| +431 | Is UBS really that bad? | 77 | 2h |
| +265 | Investment Banking is Divine | 40 | 2d |
| +219 | Another $115bn Mega deal for these banks. Congrats! | 46 | 9h |
| +216 | US 2027 SA IB worried about background check | 53 | 2d |
| +61 | Useless associates | 13 | 2h |
| +50 | Differences in Restructuring Teams? | 24 | 5h |
| +40 | Is Houston SA 28 recruiting already over? | 34 | 1d |
| +38 | Roku-Fox Deal - UBS Misses Out on yet another deals after years chasing this deal | 8 | 1h |
| +36 | How do you manage nerves in IB technical interviews? | 8 | 12h |
| +35 | FIG Pigeonholes you - is it true? | 13 | 4h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Non iure mollitia vel nemo quasi facere quam. Libero doloribus et nesciunt temporibus velit.
Voluptas consequatur accusantium sunt vero repellat. Inventore quia nostrum praesentium consequatur et. Quae et doloremque iusto optio delectus molestias vero. Et quos mollitia et dicta dolorem facilis veritatis.
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...