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And as always I assume most of the senior leadership will go unscathed, and might even collect a bigger bonus due to "successfully reducing the cost structure".
by mupuff1234 3y ago
And as always I assume most of the senior leadership will go unscathed, and might even collect a bigger bonus due to "successfully reducing the cost structure".
- JackFr 3y agoWell you’re not correct there. The first round was in November and 300 managing directors, representing 10% of the employees at that level were let go. The cuts expected next week are for middle management at the next two levels down. Subsequent to that there is an expectation of one more round. Additionally Citi is shuttering the muni business. I think most people expect that after those changes attrition should get to the headcount target by 2026.