"Citigroup begins massive layoffs as part of corporate...

"Citigroup begins massive layoffs as part of corporate overhaul

Citigroup is conducting a massive round of layoffs as part of a planned reorganization of its corporate structure, according to a report."

Further evidence that this a bear market - among local brokers, particularly those bloated with analysts and ancillary staff, there's rising staff retention anxiety. Allied with this, CR's for small companies are almost non-existent.
Any small company that has a depressed SP and needs money .... needs a miracle or drastic "rationalisation".
Long suffering 'Loyal Shareholders' in many perennial "gunna's" are suffering lots of cognitive and emotional dissonance - and that always ends badly.