The Big C apologizes if anyone was under the impression it’d be paying out bonuses and severance. Happy holidays and stay in touch.
People at Citigroup, who spoke on the condition of anonymity, say the cutbacks have begun and word is that they will continue through the end of the year so the firm can avoid the bonus payments. “Some people got fired yesterday,” said one person at the firm. “It’s a pretty crummy Christmas present; you would think they would give out at least a portion of the bonus, but they say they’re not.”