4 ms·
Well 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 cut
by JackFr 3y ago
Well 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.