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Where's the indication that NYC tech talent was hit in any significant way? From the linked article: About 35 percent of the fourth-quarter costs are tied to e

Where's the indication that NYC tech talent was hit in any significant way? From the linked article: About 35 percent of the fourth-quarter costs are tied to eliminating 6,200 jobs in consumer banking, with operations set to be sold or scaled back in Pakistan, Paraguay, Romania, Turkey and Uruguay, according to the statement. Branches will be reduced in five other nations, including 44 in the U.S.

untog 14y ago
It might be that no-one in NYC was fired. But I imagine that the people employed by Citi in the city (zing) are still a little nervous about their long-term prospects. When shareholders cheer people being fired, you have to wonder if you're next. That said, it does make Thinkful's offer to "ex-Citi employees" a little less likely to be taken up.
- Aco- 14y ago
  If that's the case then thinkful might want to consider rewording "Your new CEO just fired _you_ and..." on that landing page
- mseebach 14y ago
  I strongly doubt that anyone in Citi you'd want to hire for a startup is working under any kind of illusion that Citi is an employment project. If your unit isn't profitable (enough), it's shut. Of course the stock market likes that - or rather, dislikes the opposite.
  - kyllo 14y ago
    I read the message as "Your industry sucks to work in now, doesn't it? Why not come to our website to study web programming online so you can come join the tech startup industry instead?"
    - mseebach 14y ago
      That's a very charitable reading. It's a PR play for the training outfit, and not a terribly good one, IMO.
      - kyllo 14y ago
        The post is an advertisement to be sure. But they are being somewhat charitable themselves by giving their service away for free to ex-Citi employees.
        bitcartel 14y ago
        Ah, but how many get the full service, and not just online course material? How do they scale their "one-on-one help" to 11k people? Thinkful only get paid when a hiring manager employs somebody that they introduced. If I were to be an old curmudgeon, this is PR off the back of bad news, to try and scalp potential leads and resumes.

untog 14y ago

It might be that no-one in NYC was fired. But I imagine that the people employed by Citi in the city (zing) are still a little nervous about their long-term prospects. When shareholders cheer people being fired, you have to wonder if you're next. That said, it does make Thinkful's offer to "ex-Citi employees" a little less likely to be taken up.

Aco- 14y ago
If that's the case then thinkful might want to consider rewording "Your new CEO just fired _you_ and..." on that landing page
mseebach 14y ago
I strongly doubt that anyone in Citi you'd want to hire for a startup is working under any kind of illusion that Citi is an employment project. If your unit isn't profitable (enough), it's shut. Of course the stock market likes that - or rather, dislikes the opposite.
- kyllo 14y ago
  I read the message as "Your industry sucks to work in now, doesn't it? Why not come to our website to study web programming online so you can come join the tech startup industry instead?"
  - mseebach 14y ago
    That's a very charitable reading. It's a PR play for the training outfit, and not a terribly good one, IMO.
    - kyllo 14y ago
      The post is an advertisement to be sure. But they are being somewhat charitable themselves by giving their service away for free to ex-Citi employees.
      - bitcartel 14y ago
        Ah, but how many get the full service, and not just online course material? How do they scale their "one-on-one help" to 11k people? Thinkful only get paid when a hiring manager employs somebody that they introduced. If I were to be an old curmudgeon, this is PR off the back of bad news, to try and scalp potential leads and resumes.