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Being laid off on the spot with an email or in a meeting with management and HR is bad enough already.
But was anyone here "managed out" which either led to you resigning or a termination of your contract? I believe the official term for this is constructive dismissal/discharge.
I was laid off in November and still haven't received severance. It is difficult to get ahold of anyone in HR. Anyone else experiencing this?
I was let go last year along with 200+ people. I considered myself lucky cause at least we got an informal notice ahead of time and that allowed me time to make financial decisions. Last day of work was end of March, followed by 60 days of pay work (all the way to end of May), followed by vacation pay in June and package arrived beginning of July. So lucky, some people experience longer delays. That said, nothing prepared me for how bad the job market is. It's 1000% an employers market. I have a graduate degree, certifications, 15+ years of experience, I stay current with technology (not a dinosaur), I live in the suburbs of major city, etc yet I'm still out there. I am not the only one from my group, some are back to work but took significant pay cuts working for smaller institutions, others are doing odd jobs, others went back to do extra certifications/school, etc. So if there's a strong signal your team will be impacted, I suggest you to start looking and start saving money. It's wild out there, it's as bad or worse than the 2008 crisis. This is not fear mongering! If you have some savings and have stayed many years at citi wait for the package, its good and will give you a buffer but if you don't have a money cushion then don't wait and start looking. I will add, I have kids and no other potential employer has match Citi's health insurance (as expensive as it's) so bear it in mind.
When do we get our 2% Pay Rise this year.
Any Mandatory Redundancy planned for this year.
Let’s stop pretending this five days a week RTO mandate is about collaboration, culture, or productivity. We already proved, clearly and measurably, that productivity increased while working remotely. During the pandemic, employees kept PNC stable, profitable, and operational under extraordinary circumstances. That wasn’t leadership from the top, that was workers carrying the bank on their backs.
Now the “reward” is being forced back into offices to sit on Teams calls all day, while absorbing thousands of dollars a year in new costs - gas, parking, commuting time, childcare, daily life friction - in an economy that’s already on fire. Wages haven’t kept up with the cost of living in years, people are stressed across the board, and somehow the solution is to make life harder for the people doing the actual work.
Let’s be honest about what this really is: empty buildings, tax incentives, sunk real-estate costs, and executive optics. Cities are upset. Balance sheets are uncomfortable. And instead of adapting to a proven, modern way of working, PNC chose to protect assets and executive compensation - at employees’ expense.
This decision makes one thing painfully clear: PNC doesn’t care about its people, its so-called “family,” or the reality employees are currently living in. It cares about making top tier executives even richer, no matter the cost. That isn’t leadership. It’s greed wrapped in a RTO memo. 🖕🏻
So no flexibility for me??? Great, no flexibility from me when there are system problems. At 5pm, I’m off the clock. I will leave my laptop in my locker. That’s all folks!
Everyone is on edge, wringing their hands hoping that all will be well in regards to their employment.
Lots of naysayers out there. Lots off people who desperately try to sell that its not use to look for jobs elsewhere. Lots of people who try to tell you that if someone got let go “it must be because they got a deserved 4 rating”.
While both can be true, neither is exclusively always true.
The one thing that I know for sure 100% is that you are guaranteed to NEVER find a job outside of Citi if you don’t start looking. Many don’t want to take the leap out of fear of starting over and having to prove themselves. Ok, then all the stress you get from Citi going forward will be forever shackled to you. If you don’t like your world then change your world. Easy, no. Quick, usually not. Impossible, absolutely not. Worth it, for piece of mind, oh you bet it is.
As one other poster mentioned, many people NEED to believe that if someone got let go its because they were a sustained 4 in all areas for an extended amount of time. They have to believe that so that they can take themselves out of that bucket that it could happen to them. They need to believe that if they do all the right things, they are safe.
The actual truth is much uglier than what they can handle.
Work hard, keep your head down, sharpen your skills. Search externally for jobs and apply. Rinse, repeat until you find something and move on. Keep in mind that Citi wants you to move on. They are taking measures to encourage you to leave. If you survive this round, then congratulations, you get to take up the slack for everyone else. You get more work and with most assuredly shortened deadlines with a higher expectations to never make a mistake. Keep in mind all the while with no increase in pay. Its ok though because it’ll be summed up with “don’t forget about your work life balance” speech. To Citi “work life balance” is that your family needs to be ok with you working all the time.
Ehealth chopped workers with higher salaries and kept the new people. Looks like the teams trained their own replacements without knowing. Low morality company.
If it is happening today I just want to say I've loved working with you all. I hope the right decisions are made but regardless, I hope you have amazing outcomes and a wonderful future.
OK, here is the money crunch. There was ~$479,000,000 in cash or equivalents on the books on 9/30/25.
Great! (not really)
There are also 27,000 people on payroll. Divide the numbers and you get $17,740 per person. Great? No, not really.
Some people make a lot, some make terrible money. If the mean salary is $50,000/year and you divide that into $17,740, you get 35.4% of a year - or about 90 days of payroll.
Money is coming in still but this, and overhead, the cost of goods, and most importantly, the debt load, is too much to survive. The only way they can survive is to borrow money and they can't. It's too late to fire their way out of this, hence the lack of trying.
There are two smaller debt payments (both around $100 mil) due this year. Either one could end the ballgame.
Heard from my manager to not expect AIP. They submitted ratings, but not budget.
Will I get "rewards" for going to HR for re-evaluation ? (Did not hear back from them)
How is UHG handling the 27 paychecks in 2026 for salaried employees?
Here is what I heard from today`s Town Hall:
I was impacted by one of the BS pittsburgh layoffs on December 16th. I was told that I would remain an employee through end of December and would then receive an agreement from HR to sign in order to get an extra 60 days pay.
As of 1/13, I still haven't received a box to return my computer and received nothing from HR. According to Voya, I'm still showing as an active employee and can't access any of my retirement funds until I'm terminated. Curious if anyone else laid off in December received their separation items yet. Also curious if anyone would be willing to share contact info for HR. My boss couldn't be bothered to provide me with that basic info when he fired me.
The tone deafness is staggering. Come one, come all, even though 1 in 4 of you are on borrowed time. But no worries, you can retire on your 10 shares of Burger King stock. Come and hear our overlords drone on about P-M, AI, the analysts who will be running the company as we kick you to the curb.
Wealth and brokerage have been struggling with their strategy for better part of last 2 years.
Every couple months there's an org update email followed by period of radio silence and generic "We will get through this together" bs during AAM
Recent colocation posts have reignited the debate on how the new HR wants to proceed.
My takeaway is, if you're a executive CIO reading this post, what pleasure do you get in associates going through stress, anxiety throughout the year???
Why can't you let someone be who just wants to keep their head down and work?????
I call BS on the regular isp rumors. No one is leaving for that.
My friend told me that sick day frequency went way down to almost non existence level. Is this true??
Everyone in BTI has received an email from their PVP on the shift to an analyst-led model and a 'small number of eliminations'. No details on how many overall
I hate to see these layoffs but I recall the high flying days of 2002 - 2006. The stock price was >500 (adjusted for reverse stock split). Shareholders were hosed for years due to mismanagement at C. Jane is, I believe, doing what is necessary to right the ship. And it seems to be working. There are so many disgruntled employees at C that I am surprised that there aren't many more layoffs. Wish the best to all.
The number 2 man under K F was just made president and chief officer of the number 1 short line in the nation that has been taking over BNSF locations, and that is how you take over a class 1 from the inside and get rid of employees at the same time, all the corporate secrets and behind the scenes negotiating to cut employees, and operate under the guise of making a business more profitable was just a means to put the number 2 guy at BNSF in charge of the short line rail responsible for shutting down and scabbing out the most BNSF terminals and mechanical facilities nationwide. Hostile takeover over of BNSF on the horizon to be scabbed out and sold to short line.
For anyone not aware, it is mandatory that 5% of your bonus will be awarded in shares. Team members will only get told during their meeting. You get a minimum of 2 shares if you can't afford more.
Can anyone explain how this is calculated? E.g. if 5% of your bonus is taken for shares, but that is only enough for say 2.5 shares, how does it work? (What happens to the residual?)
Anyone noticed there hasn’t been much more talk about this? Has this stopped? Also any word on why they closed the Middletown NY office?
The pulse page shows that Carelon global solutions is one of the best place to work in India and Southeast Asia. Totally giving a middle finger to all those that got riffed to offshore work.
Any layoffs today
OPO employees having meeting with their manager seeming to gauge interest in leaving over the change. Are they making a list of who to let go due to “downsizing”?
Reps are done.
anyone know why you cant acess 2026 calender to take unavailable days off no matter what month
What a sad joke. We can't even run a zoom call.
What can we expect this week for layoffs? If the big boss is watching please surplus me ! I can’t say who I am on here because of my colleagues. But being ATT you should be able to figure it out.
It’s the second “working” Monday morning of the year. The first week back from the holidays is just over, and now reality sets in. How are you doing?
I have about 10 applications to other companies in a “submitted” status. I had one interview in December that I thought went very well but I haven’t heard back from yet. I am grateful to have the time with my family, but this morning I’m feeling dejected. Yes, picking myself up by my bootstraps, but looking for some candor here. Working here for 23 years, it’s like I imagine a divorce to be, feelings are up and down. I even miss the commute. Probably the routine, really.
How about you?
Many have commented on the change in culture and how the company has changed for the worse. Does a lot of this have to do with the newer hires over the past few years?
The company has hired a lot of new people and to be fair some have been good. However in many cases it looks like the company’s hired a lot of mediocre employees. It feels like the company used to hire the best of the best. Recently it feels like the scraps are getting picked up.
What does everyone think?
It’s two hours in the focus rooms. Two hours you arrogant, inconsiderate, selfish workers. Yes there are a multitude of you who just think you own a focus room. Sorry you’re not that important because if you were you would be in Hudson Yards.
soooo what is happening in other districts with DEG technicians and I and R techs!??? we have one job per day if we are lucky, DEG techs are same very slow just taking down old equipment!
Don't get me started on useless air pressure ho-s, all they do all day is sit around in different COs waiting for lunch to see where the specials are!
Lots of us waiting for payout but is anything happening in district 3,9,6?
And it's by design. I almost have the feeling that they enjoy making us jump through hoops, throwing all kinds of obstacles and inconveniences at us just for the heck of it. Productivity and performance be damned. Losing top performers, because they do have a choice? Not important. As long as we are exposed to humiliating rituals and games, all is good.
My manager sided with a rude customer today, even though he knew I followed all the correct procedures. He then expected me to just forget the whole interaction happened. It is incredibly discouraging and makes the job feel impossible. I am considering how to document this pattern for a discussion with HR next week. Has anyone dealt with a similar failure of leadership?
It's been ages since I applied anywhere. That question about contacting my current job really gave me pause. With how things are here, that could end badly. What's the general move for everyone else looking around quietly? I need some advice on this step.