Big shakeup in Finance with several MDs out and new head coming in from JPM. This could be an exciting time for those of us on the train. New roles, new development opportunities, new talent. Choo choo!

It will be great help if anyone can share there knowledge on below- Severance package includes the remaining paid vacation, sick leaves and other leaves? Or just paid vacation is encashed at the time of layoff?

A week ago during a team meeting a manager gave the rhetoric of do more with less, work longer etc…capped off with “if you don’t like, you can find a job somewhere else”. He replied on the call with everyone to hear it, “challenge accepted, I... — read more 

First I would like to say sorry to everyone who has lost their job at citi. As an employee at citi for over 20 plus years I have seen many changes and layoffs at citi. I was disappointed when city changed their... — read more 

https://www.northjersey.com/story/news/2024/04/03/citigroup-to-slash-nearly-200-north-jersey-jobs/73183191007/

https://www.efinancialcareers.com/news/citi-equities-insiders-on-the-real-problem-london-management-poor-promotions I can see that in my own team - managers can barely speak English. My manager is shouting at team members - he tried to raise his... — read more 

What is our path to future revenue growth? Is there some overreaching plan that I'm missing that does not include laying off more and more employees each year? I truly hope there is, because if that's the only strategy this leadership can come up... — read more 

The reorg is poorly done, I am exhausted. No vision on what to do next? Is I am the only person feeling this way?

For example, today there is a 10 person call, and only 5actually have some inputs, all others are just hanging out. Lol.

With layoffs constantly hanging over our heads, everything has turned into competition instead of cooperation. Personally, I think it makes no difference. No matter what you do, if the numbers make sense to those on top, you'll be gone. Making... — read more 

Does anyone know why this was sent more than 7 months before the election?

Lots of controversy over what is fair vs. what is legal. These are two different things. Place all the arm chair lawyers advice aside and get to the facts as per your state. It’s rather simple and you can find the answers to all your questions... — read more 

https://dol.ny.gov/system/files/documents/2024/04/warn-nyc-citibank-n.a-3.30.24-2023-0308.pdf

Did anyone get any information if TX residents get a 60 day WARN period? Trying to got thru seperation policy and see its 2 weeks per year worked and also see 12 weeks of base pay for those earning over 100k, which one is supposed to be applicable?... — read more 

You don't want to be stuck in this mess until the end of 2026.

I actually have an amazing HR person who is/was always very responsive. Emailed her on Saturday and got her response at 8:45am this morning. Not a lot of info but at least some clarification for those who got laid of in US. (I'm located in NY HQ... — read more 

Has anyone in APAC(india) insist to let go on last week received any communication from HR to discuss exit formalities and severance package?

I’m thinking of starting my own business, landscaping. Am I required to report to hr, does anyone know the process

Think your safe... Ha ha ha ha Fooled you!!! Now if you make it till 2nd of April..well thats different 😉

https://www.bizjournals.com/southflorida/news/2024/03/30/citigroup-layoffs-florida.html

Get ready for more issues from DEI and Consultants. Already I noticed their numbers are rising inside Citi.

And would Jane have the courage and moral compass to answer an honest question? Here's an example; how much $ did Citi pay BCG for their role in this reorg debacle? 1

Will filing a lawsuit can blacklist me? They gave a pip which is not deserved.

The main reason why I want to leave Citi is the lack of job security. I don't want to spend the next two years constantly stressing over the ever-present possibility of losing my job. But no matter which company I start researching (on this forum... — read more 

As if the layoffs or threat therein aren’t bad enough, dealing with HR makes it exponentially worse. Its like a last dig from Citi. Yeah, we’re letting you go but now deal with these clowns, let the games begin. Post after post of HR telling you... — read more 

Anyone get any details on Exit Pay or Severance or anything like that. I received notification this past Monday was my last day due to org changes, and no other details..

90 days WARN for NYC folks.

The bad news is, by the end of this week, some 5,000 people who worked for Citigroup in September will not anymore, including some 1,500 managers. The good news is, if you still work for Citi on Friday, you’ll get to for at least a little... — read more 

I never heard of it being used in office

Today I was informed by an individual who is intimately close with someone two levels down from Jane, that they will continue to routinely layoff folks in very small amounts for the foreseeable future; this is part of Citi's so called "refinement and... — read more 

So many valuable employees have been let go. It seems like each round of layoffs has shielded the less competent ones, for whatever reason. It's getting more frustrating to see the competent ones being pushed out while the ones who aren't... — read more 

I am a SVP with three direct reports. Will and can I remain as a manager? I love managing people and may quit if not given the chance to showcase my leadership skills

Can someone provide insight on what’s coming next? Do we know there will be an additional 15,000 employees laid off? Is the worst of it over?

That date keeps coming up in meetings with no details. “After the 15 of April, we will see” and such.

What has your experience been with these visits this week?

I have doubts as to the sustainability of it all. MD direct reports fluctuating several times a day, two steps forward, three steps back, 1 step to the side, people being shuffled to and fro several times in a week. Clearly there’s no direction, no... — read more 

In new org structure, can directs be same C level as his/her manager or they must be one or more level lower? For example, can a C15 manager have a C15 employee reporting to him/her?