I warned that Citi would be having layoffs in September of 2017. They are claiming it is to prepare for their ‘expansion’. More like ‘reduction’. They seem to be doing it little by little.

So far they have had two ‘layoff’ incidents since September that add up to roughly 80 employees (these of course are ones we have heard about).

I wonder how many more ‘incidents’ we will hear about.

3 Thoughts on “Citi’s slow bleed

  1. Esurance where i work did layoffs last March and now they are doing mandatory overtime since they are so busy. Try to figure out these large companies.

  2. D@ily Spin on July 23, 2018 at 9:17 am said:

    There are other states to entice Citibank. The real problem here is lack of a work force. States such as Nevada have people who need jobs and will work for less.

  3. Technology over time has allowed to many decisions to be made directly from the home office with corporate America, which are often blind sided and rudimentary in their approach; and which also I think, further explains MM’s Esurance comment.

    It use to be that the “Suits” had to visit a particular site to get the most up to date info on a given corporate entity and then they received the local leaderships’ spin on the info; but with computers now, they know instantaneously about the performance of given sites, and thus make often callous decisions without respect for local understandings of business trends, personalities, and behaviorisms…….

    #ItsAllAboutTheBottomLine

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