Positions getting cancelled mid-recruitment process… why?
8 replies (most recent on top)
Lehman Brothers, Bear Stearns, AIG, and Credit Suisse also claimed to not be financially unstable.......Until they went belly up Bankrupt. LOL!
Since Sh!tibank was involved in mortgage fraud and fleeced Customers during the mortgage crisis and recession of years 2008 through 2012, Sh!tibank was ordered to pay a measly Total of US$ 8 Billion in monetary fines in year 2014.
It's NO wonder Sh!tibank is Broke As$ destitute !
@ax C is hardly struggling.
Some positions created to show layoff counts. Manager asks give some number, they hire and then fire.
It's creative accounting. You are told to drop one person in your team. Cancel a role you'e recruiting for & hey presto no needs to lay anyone off. One HC cancelled to boost Mary Poppin's bonus & everyone keeps their jobs :D
Citi has been under a hiring freeze since year 2023.
I've been in Citi long enough to see that the volume, number and type of job postings simply are lower and of lower quality compared to pre-2023.
Also, jobs are getting canceled during or at the beginning of the recruitment process.
All signs of a financially struggling company.
Happens every year around this time. Easy way to help balance the books.
Even before Bora Bora started they did that just a normal day at Citi
Is that a genuine question? 😀 They are cutting costs....