Again why is there so much hiring going on in Citi whereas layoff news are also not stopped

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What sense does it make to hire people when you can retrain people. This is a sign of a highly selfish organization. Add to that there is no flattening, I was a part of a team where a newly hired SVP was retained while my TL who was a VP was let go as he could teach the head of function who was a D a thing or two. Also C11s were fired under the same D, a C11 in India makes 4-5% salary of a D sitting in London. What logic is this?

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Layoffs is part of restructuring to flatten the layer and reduce multiple reporting lines. Hiring has nothing to do with it. They may be hiring for new roles that were a result of restructured teams from, new projects, backfills etc. Layoffcan slow down hiring but hiring never stos, it could only freeze temporarily.

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Layoffs are part of reorganization process.
Hiring is part of business development.
Bullshit logic but this is it.

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