Report: Citi to Cut 2,000 Jobs Starting Next Month

[krafty]

A substantial portion of the layoffs will be in middle or back-office positions.

Dec 18 (Reuters) – Citigroup Inc plans to cut at least 2,000 jobs starting next month as the lender restructures its businesses, Bloomberg reported.

A substantial portion of the layoffs will be in middle or back-office positions, Bloomberg reported, citing a person briefed on the matter. (http://bloom.bg/1Qv4088)

Citigroup declined to comment.

The bank, due to report fourth-quarter earnings on Jan. 15, had 239,000 employees as of the end of September.

Citigroup said this month it would take a $300 million “repositioning charge” in the quarter to “resize infrastructure and capacity” throughout its businesses.

Like other U.S. banks, Citigroup too has been hurt by weak oil prices due to exposure to loans to oil companies.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Don Sebastian and Savio D’Souza)

http://fortune.com/2015/12/18/citi-layoffs/

 

[cocobobo]

Lots of my sinkie friends used to work for ct.
since 5 years ago one by one all got the chop.

Now when i send email enquiries to the local ctbank team, I notice the responder signs off with a mix of indian+angmo name. Make of that what you will.

 

[krafty]

Lots of my sinkie friends used to work for ct.
since 5 years ago one by one all got the chop.

Now when i send email enquiries to the local ctbank team, I notice the responder signs off with a mix of indian+angmo name. Make of that what you will.

ah neh is the best!:o

 

[harimau]

Now everything self service and online banking, why they still need so many staffs?

 

[mojito]

Lots of my sinkie friends used to work for ct.
since 5 years ago one by one all got the chop.

Now when i send email enquiries to the local ctbank team, I notice the responder signs off with a mix of indian+angmo name. Make of that what you will.

Sinkies slam sinkies la,
One day no fight,
Itch like bug bite.

 

[johnny333]

Sinkies slam sinkies la,
One day no fight,
Itch like bug bite.

LKY did a good job of dividing & conquering Spore. He maintained control by keeping Sporeans divided.
The PAP is still using his tactics.

As long as the PAP is in power, expect Sporeans to be fucked by the PAP & foreigners.

 

[Hans168]

out with sgian but f trashes intact............!!!!!!!!!!!!!! MOM golden silence