Let's use this thread to share any good articles we find
According to FT Mondays the big day
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Failed leadership
With the level of verbal abuse, retaliation, unethical practices and old-school leadership I expect all who don’t join their train will be let go. I know many hoping they will be let go with a package of any sort…
Expose Citi leadership that has lead Citi into crisis
Citi is where it is now because of failed leadership. Citi leadership lacked sound strategy, no vision and they are utterly in competent. Now as a last resort, Citi is laying off people to overcome the shortcoming of poor leadership. Basically... — read more
Any layoffs in PBWM yet?
Anyone hear about layoffs in PBWM yet? It’s been extremely quiet last few days which is strange…
Any ICG exit predictions?
What are people who work in ICG doing now that all the committees have been axed? There are such high numbers of MDs- surely a lot of layoffs in that area?
Scary friday
I am Scared to go work today. Applied sick leave
Layoffs in Market Operations
Has anyone heard of any over the last three days?
Impact on teams that are currently short staffed
Was wondering if many teams within finance, tech, internal audit, compliance etc. That are currently short staffed, would there be many layoffs? Was wondering what can happen if cuts are made within teams that are short staffed already?
Chief of Staff being laid off
Are they being rolled into other roles are they just gone? What will MD's do without them or are these getting the axe when their MD's do?
Silent layoffs
How is this being kept so quiet? Are they asking the people who were laid off to not talk about it or something.
Any O&T layoffs this week?
An information on O&T layoffs? What about ISG and CTI?
Is WARN applicable to TX based employees?
Been trying to google it but getting conflicting info that it is applicable but somehow it isn’t in some cases. Friend was laid off during mass layoffs in another company in TX this year and didn’t get anything
What would you rather have happen and what should alternatives be?
A quick one shot layoff all the same day such as Goldman did, or long drawn out layoff that citi is doing. When Goldman laid off all those people, everybody was very critical of it, but I wonder which is worse.
Will there be any official communications?
Is anything going to come out this week via email on what's going on? Seems strange to have to hear rumors or media coverage.
Quiet Thursday morning
Haven’t heard anything yet …… Just the waiting game is so painful
HAVE THEY STARTED ON THE FRAUD DEPARTMENT YET?
So haven’t seen any emails or updates about restructuring yet. Does anyone know if they started laying off the Fraud Department yet?
Current total
How many were cut on Day 1?
My team was already affected
I'd like to think that the rest of the team is safe but it's still hard to fully relax. Our manager didn't say anything but isn't it usually that once a team is affected, they are done for that particular round of layoffs? Or am I just imagining... — read more
Post after post after post is right. Jane is out of options and its crunch time for her to turn things around.
She created the bloat with massive unneeded hirings to push her political views, now to offset this bloat, people have to be let go. ... — read more
Layoffs in NY
I haven’t seen any WARN notices go out in NY. Layoffs must be limited so far.
More Woke DEI BS
In the midst of mass layoffs, Citi is more concerned with 'inclusive language' and trying to be like Google. Anyone else see that ridiculous CTI announcement banning words like whitelist, master contracts, etc. What a joke this place has become.
Anyone hear about MD layoffs in Marketing?
Or the Client Org (previously PBWM)?
Anyone been impacted?
Has anyone been laid off at MD level or below? Please let us know
Internal Audit
Has anyone from IA been laid off as yet? If so, how was it done? Was HR and chief auditor/or directors involved in the meeting?
Definitely started....
If you get a unexpected meeting on your calendar today - good luck.
Just Do It
I'm sorry, but this is kind of ridiculous. The company needs to just go on and be honest with people. Do what you say you're going to do so people can move on with their lives. Enough of the rumors and leaking stuff to the media.
Did anyone receive any meetings yet?
Wondering if they started or are they waiting until EOD.
Citigroup begins layoffs as part of CEO Jane Fraser’s corporate overhaul
Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced daily through early next week, according to people with... — read more
Why drag it out?
You can't tell me they couldn't notify everybody today. Why drag it out for basically a full week and let us stress over it even longer? Not to mention, some people will find out they lost their jobs a day or two before Thanksgiving. How... — read more
MAY THE ODDS EVER BE IN YOUR FAVOR
I’m a C11 and honestly nobody is feeling comfortable/confident if they will be here after November, GOOD LUCK EVERYONE! https://www.cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html
Here we go
Let's see if today is really the day or if we'll have to wait even longer to learn if we still have a job or not.
HR monitoring or not.
I wonder if HR combs through these posts daily, correlates comments and feeds them straight to the upper echelon for consumption. Does anyone have any insight on this?
No more sleep for me
I guess I should be happy I managed to get as much as I did. Today will be a long, long day.
It reminds me of South Park underwear gnomes episode.
Youtube that episode and compare. Step 1: Steal underwear Step 3: Make money. What’s step 2? No one knows. Gotta sell the layoffs to the board in January as a true win. A hail Mary attempt to keep the board from voting her out. I do have my... — read more
What is the WARN period for NY?
Given it may take few months to land a new job - does anyone know the exact WARN period for NY.. Maybe someone who was already let go and availing this benefit can shed some light.. Bracing for impact
Tomorrow vs day before GobbleGobble
They did say …. In “November” So hasn’t been Monday nor Tuesday …. Tomorrow? What’s worse - tomorrow or day before thanksgiving