Everyone will decompress and calm down now……until…..Feb and March when C14 and lower in addition to contractors will be affected. Then the panic will start all over again.

VP tech , got around 1. 75 % (3/3) Our bonus is negligible every year, it is $1000 to $1500.

I was told it was not released by EOD on Monday.

Don't think anything changed other than people moved here and there.. My director is safe but not sure of there will more reorgs/layoffs

Any idea ?

Is it true that Citi will be laying people off?

If they're going to layoff people, it would of been nice to have 1 year where the W2 doesn't roll in on Jan 29th-31st... Seems to be a trend... keeping people on the edge of a cliff.

One fixed income headhunter summarizes the recent round as follows: "People at JPMorgan are happy; people at Goldman Sachs are feeling like it's been a hard year and they're lucky to have their jobs; people at Morgan Stanley are moody; people at... — read more 

No need to comment. I’m not looking for any reactions. Just asking that we should all assume that ‘yes, we can assume that layoffs can happen at any month going forward until 2026’. Feb its happening…..March is the month….April its on……etc….All... — read more 

Does Citi provides any reskill opportunities for the letgo persons. For example does access to Udemy stays or goes ? I believe Udemy requires SSO access.

And so it begins….

Any VPs and SVPs whose director is no longer there? What’s next?

I received an email this morning about my virgin pulse account being cancelled. Did anyone else get that? I thought layoffs have been communicated last week to those impacted...

that this Q1 is basically the managers (5,000), the other (5,000 out of exiting businesses which I guess should be pretty straightforward and kind of known to whoever works in those... and the actual bulk of the layoffs - 10,000 won't occurr now but... — read more 

They are really dragging this sh!t out. In total, not that many people have been let go, but there is a lot of uncertainty about who is going to report into whom, and that won't be disclosed until Wednesday, it seems, when each group has a town... — read more 

This is my first layoff. I would like to learn how to apply unemployment and medical benefits. Is it wise to use corba or any alternative Any one experienced earlier please comment.

Say I worked exactly 5.5 years at citi. Does that count for 5 years severance or 6?

The comment about keeping long term employees is so wrong!! I was laid off last year, had over 30 years experience and had received a good review, bonus and salary increase two months earlier… and they kept multiple employees with less than 5 years... — read more 

Too Much Noise until Share Prices Up ! Don’t see any major changes under Operations and Technology, seems no level removed, may be added more.

No communication what so ever. May be reassessing.

Has anyone who’s been laid off in 2023 received their severance package?

Could you please kindly shared what’s the process? Did you get a meeting invitation at the morning and did you just get called randomly during the day? Sorry if this question seemed rude or inappropriate, just want to prepare mentally ahead…

Zero information or announcements of the new org charts so far, looks unlikely it will be released today?

Most curious about Risk/ERM.

If I get laid off this week, and say accept and offer at another bank in 3 months, what will Citi disclose when the new bank is doing background check? Will Citi say I was laid off / fired / rif, or just verify dates of employment?

Should Workday show our comp info today? Don’t see any restructuring/layoff announcements yet that everyone was expecting would happen today.

Becomes really obvious in times like these. People with long tenure at Citi are kept (because tenure and severance at Citi are really important), which results in keeping the old inefficient people and getting rid of the newly hired, which were hired... — read more 

Just got email my virgin pulse was cancelled. Anyone else?

https://www.efinancialcareers.com/news/citigroup-cutting-jobs

Hopefully someone high up at Citi reads this. Citi cannot attract the best risk and tech employees with 0-5-10% bonuses. Get real - these functions get at least double that in other big firms. Have you ever wondered why risk at Goldman or JP is... — read more