https://www.peoplematters.in/news/talent-management/citigroup-announces-layoffs-roles-including-managers-and-directors-identified-for-cuts-40683
Today or Tomorrow?
Today or Tomorrow? Or Next Week? Any confirmed update?
It has Started
Organization communications started Role changes being communicated Managers to IC. Agree or let go Layoff communications next week Bunch of C13 staff will become C14 Salary hike for expanded roles People moving out and teams. Agree or leave Huge... — read more
Voluntary redundancies
Do you know if any Team has a Voluntary redundancies Just curious, I think there are many employess who would like to take a severance and say bye As BCG is consulting Citi with those layoffs probably they influance a keypoints of reduction Is... — read more
Suddenly have Zoom Basic
Tried to schedule a meeting and Outlook Zoom plug-in says I can schedule meeting up to 40 mins. I check subscription and it says basic. No idea what subscription was prior, but assuming it wasn’t basic since I’ve hosted meetings well over 40 mins... — read more
PIP before layoff
Coworker and I received a PIP. What does this mean before the layoffs coming up? In our case looks like their avoiding to pay severance. What should we do, because their trying to sc--w us. Only been with Citi for a year
Stop moaning
Everyone, get a grip. It is not the end of the world. Plus many of you had a pretty good ride in the past 15y of money printing. Imagine how people like us felt, having proper top-class degrees / PhDs, experience, IQ > 140, having to listen how for... — read more
Update
We got a date folks, March 28th is when the new org chart and announcements go out. Lay offs happening and those impacted have been informed. Talking points will be sent to managera for those impacted, those sent to other organizations and made ICs... — read more
Citi achieved the impossible
These days, I hear more people say "I hope I'm laid off" than those who are saying "I hope I'm not affected." When you turn layoffs into something people are hoping for, then you know you failed as leadership and as a company.
Poor Mark Mason
However will he survive with his 5% pay... — read more
2024 GOALS
HR sends emails that Goals need to be done by 3/31, most if us are not sure who our Director will be, or if we still have jobs! What a hoot!
citi sick leave policy
Hi everyone, I am to go through some medical treatments, which are not severe but it would be better to take days/a week or two off. What is citi's sick leave policy? Can I take paid leave with doctor's notes? Any advice is welcome. Thank you very... — read more
Dublin Office
https://www.irishtimes.com/business/2024/03/19/citigroup-plans-irish-job-cuts-with-168-roles-at-risk-in-dublin/
End of reorg date
When is the end of the reorg? Is it end of May?
When it comes to value, why not let HR go?
For the employee, they do “nothing”. Just a long list of non-responsiveness. I think they’ve been more responsive on this board on spin control company kool-aid drinking than they ever have on actually helping the employees. They exuberantly... — read more
HR is at it Again
Heard there are talks across all functions which hr setup meetings to discuss layoff date and timing. Soon managers will be reaching out to give notices to those impacted, talking points given to managers for those moved to other areas or getting new... — read more
Retirement
If I start the retirement process, or even check on what my options are, will this stop me from getting laid off? Really would love to get that severance. C12.
NYC office
When the March layoffs will be communicated?
5 Days in the Office per Week?
Do you think Fraser would mandate hybrid is gone and everyone who was hybrid now has to be in the office 5 days a week? Would she do that to get people to quit so she wouldn't have to pay severance? If that did happen, would all the telecommuters... — read more
Getting the boot while on vacation
Venting…Starting vacation tonight and I'm wondering if this is the week. Was hoping to get the news before vacation so it wouldn’t get bo-b while away but c’est la vie. Good luck to all!
Citi's issue is its leadership
When leadership resorts to laying off employees to boost profits, it suggests a lack of innovative thinking. It means that they either don't care or they're stuck in a rut, unable to come up with better solutions even though they're the ones who are... — read more
Hopefully no one needs this but in case you do.
Here are 10 websites remote jobs. 1 Turing : The world most deeply vetted developers and teams matched by AI Link : www.turing.com 2 tl;dv - AI Meeting Assistant - AI Meeting Assistant - AI Meeting Recorder The meeting recorder that... — read more
Try not to worry
There are only a few thousand getting let go this month, the rest is spread out over 2 yrs. And even of those few thousand, many will be overseas, not necessarily NYC. So odds are in your favor. Beyond that, no benefit to worrying about things you... — read more
Harassment at Citi Article
https://www.reuters.com/business/citigroup-probes-senior-ipo-banker-over-bullying-claims-2024-03-14/ This article is hilarious. Harassment at Citi is the norm. Managers at Citi get away with whatever they want and HR turns a blind eye. Ive had my... — read more
VP pay range
Anyone know that the VP pay range is?
Citi experience oh yeah...
Please everyone, stop referring to your many years or of experience. Banking is a profession where experience means nothing - it is not as if you are brain surgeons or plane pilots. Couple of years are enough the learn the most intricate of functions... — read more
Probably the most stressed I’ve been this month vs 12 years in my career
Been with Citi for over a year and I did well my first year, but I’ve been spending this month weighing why I could be on the layoff list vs why I won’t be. To add more stress, I am the sole provider in my family of four. I am in a central hub... — read more
Don't assume you're safe
For your own sanity, count on layoffs in all departments. Whether your group was already affected or not, whether you were told it's over or not, or whether you are already working as a skeleton team, do not assume you're safe. Being mentally... — read more
Reflecting on an Unexpected Career Transition
Recently, I was the only team member laid off, quite unexpectedly, considering my consistent high performance and recognition for solving complex issues. It seems decisions beyond individual performance were at play, specifically relating to budget... — read more
Top Performer Blind-Sided: The High Cost of Excellence and Vendor Politics
Laid off as the only one in my Android team, despite being a high performer, second only to the lead. Received regular praise from the lead and solved complex problems, while my peers contributed less. Rumors suggest my higher salary and non-priority... — read more
Laid off employee questions
I was laid off in the early 2024 wave, and I still have some questions regarding Citi benefits. Since I have no idea how long it will take to land my next job, I want to be careful about my cashflows, especially the coming expenses and income. .. — read more
Empathy
“Empathy is foundational to how we deliver for our clients and how we attract and retain talent.” This is a quote from Jane. Is this some kind of sick joke??
The die is cast. Good luck next week.
If it is any consolation, most of those laid off were not chosen because of performance.
NYC Layoffs - WARN
Anyone know if the next wave of NYC layoffs in the next 2 weeks will qualify for WARN period payout? Or will it solely be severance? Not quite sure how to decipher the DOL posted notice as there was a November 2023 date referenced.
SVP to MC / LC
Heard some possibility of moving SVP / VP roles to MC/LC zones. Not sure 100%. MC / LC are going to be workhorses and HC might be pure drivers