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.

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