Big layoffs.
15 replies (most recent on top)
@ep it happened large groups were laid off last Thursday
@1jq how many months severance package did they give you and how many years did you work with citi?
Many contractors also let go, their last day is end of June
@1j1 ah, and yes - access was revoked within 5 hours of being informed of layoff!
@1j1 all that you said is correct -- I didn't see a public WARN notice but am in NYC and they gave me a 90 day non working notice period (full pay and benefits), so it's within the requirement. Other states have a 60-day notice period.
@1ht Really Sorry for the impacted folks. If you are in US, then HR will take at least 2-4 weeks in sharing preliminary severance details. Generally, for any questions, they will direct you to “connectone” and that will lead to a SNOW ticket with an approximate MTR of ~7 days. Did you get WARN notice ? Which business areas have been impacted ? Have they revoked your access ?
@z4 Heads are being voluntold to retire - see the high number of retiring emails the last few days.
@OP Layoffs already started, Last week a few thousand were let go (source: I am one of them). The HR call is a group call as they do not have the admin capacity to discuss severance, process all documentation and payoffs in a timely fashion.
I mean have no credible rumors
but I have to think we are going to cut a bunch of heads. expenses are out of control and do you really think Jane and mark are going to deliver the 5% revenue growth (or whatever it was) needed for the efficiency ratios promised? especially with market uncertainty and the macro outlook?
@p5 sounds right...all tech?
Approvals for layoffs will be finalized in June.
Can’t be - the thread before this says it’s happening in June.
This rumor were spread by layoff site admin to get more hits.
Every month, someone post that “it’s happening” a few months down the road. It’s usually done to solicit a reaction. ( eye roll )
Thanks for the thorough and detailed information. Just like all the other ambiguous and completed unfounded rumors on this page. If it's true, provide details, otherwise stop the fear mongering.