Not sure about cuts in Jan... If true prety much all roles are vulnerable especially anything that can be automated or replaced by AI. The rumors also points to heavier outsourcing to multiple global hubs and a potential freeze on US hiring. OK, I can believe that...
It may be just grapevine talk, so I'm taking it with a grain of salt. But what really made me pause was how it came up. The context wasn't even supposed to be about job cuts; it was a conversation about someone interviewing for a VP role in NYC. They got a verbal salary offer and a projected start date, and then completely hit a brick wall just total radio silence while management suddenly decided to interview more candidates.
Someone else chimed in to say that the NYC offices have already been absolutely gutted by the workforce reductions earlier this year.
It makes me wonder if these two things are connected. Is leadership seriously still putting people through the ringer for US roles while drawing up blueprints for January cuts? Or are hiring managers just stuck in limbo, waiting on headcount approvals that are never going to come???????????????
Is anyone on the inside hearing anything concrete about January, particularly within Technology - Cards - Ops ? And are managers actually openly throwing around "AI" as a justification to slash headcount?
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If you look at the international job board hiring locations you can see what offshore sites are posting opening and figure out which US based jobs they are. The jobs usually post before the onshore employees are terminated unless it is for a backfill and they are instructed to post at a specific location such as Costa Rica or India.
Looming cuts in Jan for sure. No one is safe.
Call me a patriot, but if you are a U.S. based business and you are not hiring more U.S. workers than non-U.S. workers, then you shouldn't be allowed to conduct business anywhere in the U.S.
Marketing, for example, is not currently allowed to hire in NYC, I’m sure that’s not the only group with that mandate.
We’re hiring mostly in Costa Rica.
Something big happening in Jan for sure. Tech are scrambling all sorts of AI tools for go live in Jan. Guessing they must be in place before the layoffs can start.
NYC is a site that has been hit consecutively this year. Yes it’s true they are outsourcing lots of roles. I feel like only thing that’s not is Wealth. For right now! It’s too many complaints. So they are holding off with customer facing roles. But they are hiring in every country. Be safe out there
They are looking to make NYC only MDs unless you are client facing. It is going to get brutal there.
If you are a non-citizen, are from an upper caste, have a friend or family member at Citi to back you up, or were converted from a contracting company that offered your managers kickbacks, you are fine. These are all your protective shields. Not even Jane can touch you
Our department hired 4 new people only to have a 60% layoff 8 months later with all 4 of the new people being affected. I've heard of this issue across other departments also so never think because they are hiring that department is safe
Huge cuts will be done in Jan and March, right after the holidays
They have been saying for years NYC is being phased out but continue to hire there. Wouldn’t believe much.