Layoff Watch ’19: It’s Citi’s Turn To Cull Its Traders

Everyone else is doing it, so now Michael Corbat is too.If you’re working a Wall Street trading desk these days, count your lucky stars.After substantial layoffs at Goldman Sachs, Deutsche Bank, BMO, and most European banks, it’s become pretty clear that traders are a hunted species in contemporary finance. And Citigroup traders are not immune…

Layoff Watch ’19: It’s Citi’s Turn To Cull Its Traders

Everyone else is doing it, so now Michael Corbat is too.If you’re working a Wall Street trading desk these days, count your lucky stars.After substantial layoffs at Goldman Sachs, Deutsche Bank, BMO, and most European banks, it’s become pretty clear that traders are a hunted species in contemporary finance. And Citigroup traders are not immune from that reality:Citigroup Inc. is preparing hundreds of job cuts at its slumping trading division as m
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