Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Much ado about nothing

All these announcements of reorg is just much ado about nothing. At the end there will be just a very minor reshuffle of the pack of cards

by
| 2002 views | | 14 replies (last October 4, 2023) | Reply
Post ID: @OP+1oUdsgpA

14 replies (most recent on top)

Not true, @1jsp+1oUdsgpA . Where did you come up with that info. Lol. Yes. There will be some moving about between teams. However, there will be a lot of cuts. You don't save a significant amount of money moving people here and there vs layoffs. You clearly heard J say that we would be saying goodbye to some colleagues. The memo today even basically said that some people would move, new roles may be created, some would be eligible to reapply for different roles, and some would just be hitting the road.

by
| | Reply
Post ID: @1geq+1oUdsgpA

It appears the reorg will be mostly just shuffling of groups from A to B or C to A

by
| | Reply
Post ID: @1jsp+1oUdsgpA

Who knows what the future would be.
Maybe a Tempest or As you like it or measure for measure.

by
| | Reply
Post ID: @1ifc+1oUdsgpA

I agree this was a worthless and probably a planted post. It is a very serious matter and will impact a lot of people.

by
| | Reply
Post ID: @1gde+1oUdsgpA

Statement is dead wrong..This is a very serious event. Many Leadership Memos reminders daily.

by
| | Reply
Post ID: @1chc+1oUdsgpA

No, they are serious. Don't take this lightly.

by
| | Reply
Post ID: @1szt+1oUdsgpA

The fallout-dead reconing

by
| | Reply
Post ID: @1nbf+1oUdsgpA

I really do think Jane and her tough approach is hoping for some people to find another job so they can save on severance. She wants everybody so rattled that they start looking really a terrible manager.

by
| | Reply
Post ID: @1jaf+1oUdsgpA

It’s so hard to be able to retain focus on the job… I’m sure folks are preparing for interviews , updating resumes at this point (besides being mad at Citi for this period of unknowns)

by
| | Reply
Post ID: @1prs+1oUdsgpA

Do you think investor's are fools ? they ask for numbers when a heavy news is floating around. Don't try to butter your wound. Prepare for the exit.

by
| | Reply
Post ID: @1wse+1oUdsgpA

I agree about an hr troll. Sad they aren't of course posting anything of worth. How do you expect people to focus and be productive constantly when many projects are on hold? This is not a minor restructuring and shuffling about of people. Tell this nonsense to the people were let go throughout the year. OP you should be ashamed of yourself.

by
| | Reply
Post ID: @1ked+1oUdsgpA

HR posted this to try to get people to keep working hard up until they lay them off.

by
| | Reply
Post ID: @1nvl+1oUdsgpA

Is this a troll? What’s already happened is huge restructuring and that’s just at the EMT minus 1 level. So either troll or fast asleep

by
| | Reply
Post ID: @1yiv+1oUdsgpA

What a worthless post

by
| | Reply
Post ID: @uhr+1oUdsgpA

Post a reply

: