• 14 Apr 2014 at 10:13 AM

Layoffs Watch ’14: Citi

The House of Corbat has asked a few employees to turn in their ID badges and not come back, unless they’re looking to open a checking account, in which case, mi casa es su casa.

Citigroup Inc. (C), the third-largest U.S. bank, cut 200 to 300 jobs in its division handling stock and bond trades to shrink costs amid a slump, according to a person familiar with the matter. The reductions amount to about 2 percent of the workforce in the bank’s global markets business, the person said, asking not to be named because firings are confidential. The firm, which employed 251,000 people at the end of last year, is due to report first-quarter earnings before U.S. markets open today.

Citigroup Said to Cut Up to 300 Jobs in Global Markets Division [Bloomberg]

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Comments (7)

  1. Posted by Arty the Autistic | April 14, 2014 at 1:05 PM

    Comrade Obama has three more years. His work is not done! Everybody on the government plantation and then the nation will be destroyed.

  2. Posted by Yale '12 | April 14, 2014 at 1:25 PM

    Jenny McCarthy's son doesnt have autism he just lacks a father figure in his life.

  3. Posted by Guest | April 14, 2014 at 1:32 PM

    Corbat, please get rid of your wall art. It gives seasures and explains recent stresss test failure. Send it to Mexico office as a punishment for 400mln. fraud loss.

  4. Posted by WTF bailout | April 14, 2014 at 1:57 PM

    House of US handouts now outsourcing jobs to other wall streets

  5. Posted by Hblodget | April 14, 2014 at 2:30 PM

    What's a "seasure?"
    You must be a graduate of a large state university. Your lunch break is over. You can go back to selling insurance over the phone.

  6. Posted by Union2006 | April 14, 2014 at 4:51 PM

    Apparently they're quitting before he can fire them…
    http://www.wallstreetoasis.com/forums/citi-tmt-di

  7. Posted by Joe | April 15, 2014 at 8:21 AM

    Give them more time, dont attack before they can change anything …