Thursday, April 17, 2008

The Big Rumors

I've told some of you, but not all. Apparently Citi's Germany consumer business (you know, the one I work in) is on the auction block. A month ago this rumor was immediately refuted in the press; this time around Citi has been oddly silent on the matter. We now have new regional leadership, and there are other rumors of Citigroup having a pretty bad Q1. So, if it were to happen, what would happen to me? Short term answer: probably nothing. It would likely take at least 6 months after a sale was announced for cuts to get to my level (whew). Since I'm a local employee, they'd have to follow German laws in laying me off, which means I'd get enough severance to at least cover me for 6 months or so. Either way, this gives me plenty of time to find another job, if I need to. I will, of course, be accepting donations to my unemployment fund in the meantime.


Sean Bibby said...

if you get shitcanned, can i come visit? i think that would maximize the time we will spend drinking and gathering hookers.

Chad W. said...

Bibby... you crack my ass up.

jtingermany said...

dude, we will totally spend time doing both. stop posting and start booking.