Hiring Freezes Citi

Has anyone heard any updates/news regarding this ? Particularly ICG Citi

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I work within ICG and our team has added three people over the summer.

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Thanks for the feedback!

Yes. Some areas does have a hiring freeze

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I’ve heard that the citi global wealth had some sort of pause on hiring recently

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Yes, some areas are definitely having hiring freezes.

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I read that Citi had a 51% in net income in the first quarter of this year and its revenues from equity capital markets fell by 78 percent. Therefore, they started cutting jobs in late April which mostly affected its operations staff. I haven't heard anything recently related to a hiring freeze at Citi, but I'm sure as revenue growth slows and inflation increases that banks and investment groups are going to be doing whatever it takes to stop the financial drain until things stabilize. Which will hopefully be soon!

and people keep leaving Ops and then aren’t replaced

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Hiring freeze already started at GS

Also citi is pulling its business from india. I don’t know how it will affect overall Vito.

From what I have been told, a lot of new hires have to be approved by the leadership. I interviewed for a position in the private bank, and still waiting on the approvals at the moment.

Did it get approved?

I doubt that applies to traders given their recent results? Hope so at least

And that management approval could take some time with the way citi works

Is this impacting corporate banking?

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