# Citi to cut 50k more jobs... **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [November 17, 2008, 6:16am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284 "2008-11-17T06:16:47Z")\ **Posts on this page:** 19\ **Page:** 1
**Author:** ![Geehee](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/geehee/32/7238_2.png) [@Geehee](https://forums.speedlife.net/u/Geehee)\ **Post date:** [November 17, 2008, 6:16am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/1 "2008-11-17T06:16:47Z")
Good luck to everyone that works there… > **[CNN - Breaking News, Latest News and Videos](https://www.cnn.com/)** > > View the latest news and breaking news today for U.S., world, weather, entertainment, politics and health at CNN.com. > **[MarketWatch: Stock Market News - Financial News](https://www.marketwatch.com/)** > > MarketWatch provides the latest stock market, financial and business news. Get stock market quotes, personal finance advice, company news and more. ---
**Author:** ![justa4door](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/justa4door/32/7259_2.png) [@justa4door](https://forums.speedlife.net/u/justa4door)\ **Post date:** [November 17, 2008, 6:17am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/2 "2008-11-17T06:17:44Z")
WOW… ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [November 17, 2008, 6:22am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/3 "2008-11-17T06:22:25Z")
I bet they won’t even have a Christmas party, those bastards! ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [November 17, 2008, 6:22am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/4 "2008-11-17T06:22:48Z")
Yeah, Citi is in BAD shape. Pretty much every market that went south, they were in. Fortunately, they’re probably big enough to weather the storm. The Buffalo jobs are mostly low-level operations stuff, so they should be relatively safe, but still… ---
**Author:** ![Bacon](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bacon/32/7230_2.png) [@Bacon](https://forums.speedlife.net/u/Bacon)\ **Post date:** [November 17, 2008, 6:44am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/5 "2008-11-17T06:44:27Z")
---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [November 17, 2008, 7:08am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/6 "2008-11-17T07:08:35Z")
^Wat? lol ---
**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\ **Post date:** [November 17, 2008, 7:11am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/7 "2008-11-17T07:11:40Z")
Eeep. I have my student loans through Citi. That really sucks. I can’t believe how many people are losing jobs right before the holidays. ☹ ---
**Author:** ![Johnnyv412](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/johnnyv412/32/5226_2.png) [@Johnnyv412](https://forums.speedlife.net/u/Johnnyv412)\ **Post date:** [November 17, 2008, 7:13am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/8 "2008-11-17T07:13:06Z")
> [@Bacon](#): > > [http://www.youtube.com/watch?v=ya8WTp\_LbJ4](http://www.youtube.com/watch?v=ya8WTp_LbJ4) lol, Im not seeinf the relivance haha ---
**Author:** ![Jeller](https://avatars.discourse-cdn.com/v4/letter/j/bc8723/32.png) [@Jeller](https://forums.speedlife.net/u/Jeller)\ **Post date:** [November 17, 2008, 7:14am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/9 "2008-11-17T07:14:29Z")
Happy my brother jumped ship and went to M&T a couple weeks ago :tup: ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [November 17, 2008, 7:33am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/10 "2008-11-17T07:33:36Z")
> [@Joe](#): > > Yeah, Citi is in BAD shape. Pretty much every market that went south, they were in. Fortunately, they’re probably big enough to weather the storm. The Buffalo jobs are mostly low-level operations stuff, so they should be relatively safe, but still… Most of the jobs at the new crosspoint citi are very low level operations, this is true. They jobs that they can’t outsource to india are staying here, and they are moving jobs from NYC to Buffalo and Florida as a cost cutting measure, and offering people way less money to work here. I think they are shedding the pork to weather the storm here guys. They got that huge loan from Dubai a year or so back to get capital, everyone critized them. Now banks were going under, not able to get capital at any cost. I’ve been trying to transfer to the Citicenter in Tampa, there should be plenty of work opening up there soon. Several people are jumping ship. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [November 17, 2008, 8:08am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/11 "2008-11-17T08:08:20Z")
> [@Joe](#): > > Yeah, Citi is in BAD shape. Pretty much every market that went south, they were in. Fortunately, they’re probably big enough to weather the storm. The Buffalo jobs are mostly low-level operations stuff, so they should be relatively safe, but still… This is true. Operations jobs are relatively safe, especially at the end of the ear like this. It’s the analysts and traders that have to watch their backs. > [@Paulo](#): > > Eeep. I have my student loans through Citi. That really sucks. I can’t believe how many people are losing jobs right before the holidays. ☹ Don’t worry about your loans. They’ll be there. 😉 ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [November 17, 2008, 8:27am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/12 "2008-11-17T08:27:12Z")
> [@JustinH](#): > > I think they are shedding the pork to weather the storm here guys. They got that huge loan from Dubai a year or so back to get capital, everyone critized them. Now banks were going under, not able to get capital at any cost. Meh, there are better loans, architecurally, but that is pretty bad ass. I want to borrow money from Dubai some day. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [November 17, 2008, 8:34am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/13 "2008-11-17T08:34:19Z")
> [@Joe](#): > > Meh, there are better loans, architecurally, but that is pretty bad ass. I want to borrow money from Dubai some day. HAHAH this will not get old. :mamoru: ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [November 17, 2008, 8:57am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/14 "2008-11-17T08:57:17Z")
I accidentally, all of the jobs at citi. ---
**Author:** ![JezikaTee1983](https://avatars.discourse-cdn.com/v4/letter/j/db5fbb/32.png) [@JezikaTee1983](https://forums.speedlife.net/u/JezikaTee1983)\ **Post date:** [November 17, 2008, 9:04am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/15 "2008-11-17T09:04:51Z")
they already cancelled the xmas party a couple of months ago… i was really bummed about that. most of buffalo should be safe, but my department works closely with nyc… and they’re probably the ones getting the ax. citi as a whole will be fine. thankfully they don’t have all their eggs in one basket like a lot of other banks did. ---
**Author:** ![Jared](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jared/32/4976_2.png) [@Jared](https://forums.speedlife.net/u/Jared)\ **Post date:** [November 17, 2008, 10:58am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/16 "2008-11-17T10:58:18Z")
great now my school loan next year will be at 20% ---
**Author:** ![L8APEX1](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/l8apex1/32/7276_2.png) [@L8APEX1](https://forums.speedlife.net/u/L8APEX1)\ **Post date:** [November 18, 2008, 9:23am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/17 "2008-11-18T09:23:19Z")
> [@Jeller](#): > > Happy my brother jumped ship and went to M&T a couple weeks ago :tup: nice! i was thinking about corey as soon as i read the thread title. i can think of someone else that works there that i hope gets let go :mamoru: ---
**Author:** ![\_Karu](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/_karu/32/7602_2.png) [@\_Karu](https://forums.speedlife.net/u/_Karu)\ **Post date:** [November 18, 2008, 9:44am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/18 "2008-11-18T09:44:23Z")
> [@JustinH](#): > > Most of the jobs at the new crosspoint citi are very low level operations, this is true. They jobs that they can’t outsource to india are staying here, and they are moving jobs from NYC to Buffalo and Florida as a cost cutting measure, and offering people way less money to work here. > > I think they are shedding the pork to weather the storm here guys. They got that huge loan from Dubai a year or so back to get capital, everyone critized them. Now banks were going under, not able to get capital at any cost. > > I’ve been trying to transfer to the Citicenter in Tampa, there should be plenty of work opening up there soon. Several people are jumping ship. are you working for Citi at Crosspoint? or NYC? ---
**Author:** ![JustinH](https://avatars.discourse-cdn.com/v4/letter/j/9fc29f/32.png) [@JustinH](https://forums.speedlife.net/u/JustinH)\ **Post date:** [November 18, 2008, 10:24am UTC](https://forums.speedlife.net/t/citi-to-cut-50k-more-jobs/58284/19 "2008-11-18T10:24:49Z")
> [@\_Karu\_](#): > > are you working for Citi at Crosspoint? or NYC? I work at Citi crosspoint, we travel back and forth to Queens a few times a year for training, but I make Buffalo money…