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.