Citi layoff 7000

https://www.bloomberg.com/news/articles/2024-01-12/citigroup-to-cut-20-000-roles-in-fraser-s-bid-to-boost-returns

They've hired Boston Consulting Group to help them carry out their plan. The plan is to cut atleast 10% in major units. The project is termed Project Bora Bora. They will be eliminating regional managers, co-heads and other employees with overlapping responsibilities. Chief of staffs and chief administrative officers will be cut this month. Operations staff who aided divisions that have been divested or reorganized are also at higher risk of layoffs.

https://www.moneycontrol.com/news/business/cognizant-says-revenue-will-decline-in-2023-to-lay-off-3500-employees-10523261.html/amp?utm_campaign=fullarticle&utm_medium=referral&utm_source=inshorts

Saw this article https://m.economictimes.com/news/international/business/morgan-stanley-plans-more-job-cuts-us-media/amp_articleshow/99919947.cms

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/amp_articleshow/98943110.cms?amp_js_v=0.1#webview=1&cap=swipe

Goldman Sachs laying off a big chunk of their workforce, about 4000!

The financial service company will likely streamline its operations and adapt to market conditions. The Mastercard layoffs are expected to impact many employees worldwide to align its resources with the company's goals. As per reports, the job cuts are anticipated to be completed by September 30