Cuts are said to have gone down at the House of Corbat.
From the front lines:
"Citi layoffs, in investment banking, the industrials group cut a bunch of people yesterday. Terrible timing as bonus season is just around the corner."
The Brits are said to have alerted some staff that their services are no longer required at the bank.
Earlier this week Barlcays promised not to dawdle when it comes to canning the 2,000 employees slated to be cut. Today employees in Asia got to experience that follow-through in action!
