post below has been copy pasted from Reddit, but sounds legit - sneaky and underhanded enough for Citi - because nothing, and I mean nothing, is below Citi's dignity as a firm. And the Big 4 consulting firm in question? Very likely PwC, the alma mater of some high up leaders at Citi. Or maybe EY
Post Source:Reddit
Ex Big 4 employee here. I hate to say it but more cuts are coming. I can’t say which Big 4 firm specifically, but this firm and bank have a model where Big 4 firm finds and hires the offshore India resources, proceeds to train them for certain bank roles and then essentially offloads those resources to bank’s books if bank ultimately decides they want those resources. Bank then lays off those in roles that the offshore resources were trained on and replaces the laid off employees with said resources while using “AI developments” and “economic conditions” as the final excuse. For them, it’s a great deal. Cheap resources they didn’t have to find, onboard, and train themselves while paying a structured fee to the Big 4 firm that bank gets to write off. Cheap and easy but certainly controversial. Also just inherently wrong. Bank will eventually realize that these offshore resources actually su-k and the quality of work is so bad that it will only create more work and operational constraints. Remaining employees in hard hit areas will have to manage and deal with the headache of these offshore resources while taking on greater workloads. 1st line is likely the most insulated from this. Anywhere else, best of luck. Sorry.