A “decent amount” of banking associates were apparently laid off at Citi yesterday afternoon. No word on packages, or if Meredith Whitney cackled when she heard the news (according to sources at the ‘group, the firm now calls up the analyst every time headcount is reduced and asks “happy now?” But in a sychophantish, begging sort of way, and not with an attitude, which would make her angry).
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“the firm now calls up the analyst every time headcount is reduced and asks “happy now?” But in a sychophantish, begging sort of way, and not with an attitude, which would make her angry). ”
I have this image of Citi being beaten Max Mosley style, and Whitney is holding the cat o’ nine tails. You don’t want to make Mistress Whitney angry, do you?
-Nom me
Screw Citi. Screw ‘em. I used to work there – before I got headhunted (thankyou, thankyou) and I have never worked for a firm with so many mediocre, egotistical MDs all concerned about their little fiefdoms and fighting internal battles to the detriment of the firm as a whole. That firm would be twice as good if they swapped half the MDs and bought twice as many analysts. And some frickin IT staff. My PC never worked!
Wharfer
I didn’t know they had headhunters for cafeteria staff.
@1:19 Based on experience, I would say that your comment would apply anywhere, unfortunately. Except for GS of course.
@2:03 Fuck you, I can make crepes better than anyone.
@2:13 You really think GS is better? Its an illusion.
Wow 2:03, job hunt making you a little bitter?
I left citi a year ago, although I wouldn’t say “I got headhunted” because that’s an absolutely retarded turn of phrase. That not withstanding, I do have to agree with 1:19. The talent at citi tends to move on (usually to Barclays) leaving the more politically ferel, albeit brainless, monkeys to assume senior roles in their wake.
Gotta say, it always makes me smile just a little bit more when I hear about layoffs at citi than any of my other previous firms.
@3:40 Barclays?! are you insane?
@ 2:42
388 never had crepes. That would have been great.
@4:18 I know, and that’s one of the reasons why I’m bitter (that and the fact I work in a cafeteria). I banged on my manager (the man) constantly about the fact we should have crepes because I’m the best damn crepe maker this side of the Atlantic. I may have seemed happy in my first post because I was “headhunted” out of Citi but I’m really not. It was out of the frying pan and into the fire for me; I ended up at BSC.
Wharfer
As somebody who was laid off from Citi yesterday I have to say how offended I am that anybody would say it makes them smile about layoffs. Who ever that person is I strongly suggest you remember the human element. Several hundred people lose there jobs and you smile. That is just wrong.
@7:44 as someone who was “riffed” from Citi in 2002 – a few weeks after I found out my wife was having our first baby – I have no sympathy for Citi layoffs. I smile, and in fact, I laugh. They screwed me on the bonus (of course – layoff in October, no bonus) and the severance was barely enough for the labor and delivery costs even with COBRA bullshit “insurance” (actually “theivery”). The choice to work for Citi is a major mistake in any finance career, lest you become a professional political operative.
4.03 – BarCap. Home of the talented and land of those with a slightly better corporate culture than you. In London anyway.
@7.44 — I would like to extend this message to you and your fellow colleagues, who I have true feelings for. Message follows , hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Need I go on?