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by bogomipz 884 days ago
Agreed that that that that qualifier or similar(over the next two years) would have made sense. However that's 200K began in earnest two month ago already:

>The bank began layoffs in November. At the time, employees speculated Citi would ultimately cut 10% of its workforce.

>They were spot on, executives confirmed Friday.

I can't imagine the morale working in an environment where layoffs are slated to continue for the next two years. Citibank had already been a toilet of a bank for some time. I'm guessing a multi-year layoff plan will do little to alter that.