Skip to main content

CitiCuts: Cost-Reduction or Morale Destruction

  • Author:
  • Updated:

Morale at Citigroup is “bleak,” according to a source inside the bank. Even before today’s job cuts were officially announced today, the widespread rumor that they were coming was dampening morale at the financial giant.
“Morale is right down in the toilet,” the source told DealBreaker.
The cuts—which many on Wall Street think may not go far enough—have engendered so much bad blood in certain quarters of Citigroup that they are hoping the cost cutting plan fails.
We're starting to hear from workers at Citigroup and we want more. Email any first hand accounts of today at Citigroup—or even second or third hand accounts---to

Citigroup Announces Cuts: 17,000 Jobs To Go []