Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Layoff announcement

Will it be the direct manager or director of the team , to let employees know they are being laid off?

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| 2511 views | | 10 replies (last February 9, 2024) | Reply
Post ID: @OP+1qtRaZgM

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I know a few people that have been laid off. They had a meeting request from their manager and they were informed on the call their job was impacted and HR has a zoom to explain the separation. No HR was on the call. . . just them and their direct boss. HR does not need to be on the call.

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Post ID: @wlis+1qtRaZgM

Thanks for this info.

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Post ID: @4cou+1qtRaZgM

Be aware that any meetings with your Manager that include Members of Human Resources is Never a good sign. By law and protocol, HR must be present during firing and layoff meetings and also to make sure there are witnesses FOR the Company. HR is NOT the Employees' friend or ally. HR works for the Company. HR does NOT work for Employees including the CEO. Also, the discussion may even be secretly recorded by audio and/or video by HR. Depending on what US State the Employee is in, this is permissible as long as one-side of those being recorded approves their being recorded. There are US States where both sides must agree to be recorded for the recording to be legal.

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Post ID: @1lxx+1qtRaZgM

There will be hyper posts on this board for the next few weeks I’m sure.

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Post ID: @1pan+1qtRaZgM

I was let go and the news came from my managers boss. I was a C12 VP and my manager is a C13 SVP. After I was told it was communicated to my boss and rest of the team. Not sure how much my boss knew they say they didn’t know but who knows if they are lying. If you get a meeting invite out of the blue these days from your managers boss then it means you’re going to be cut.

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Post ID: @1kyd+1qtRaZgM

In my org, your direct manager along with HR on the phone, delivers the news.
Usually your direct manager finds out about 30 minutes before telling you and/or your team.

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Post ID: @1prl+1qtRaZgM

In normal firms like Goldman and JP, big announcements like bonuses and layoffs/restructurings are announced by the senior ED or the MD of the immediate team, not your line manager, i.e. someone with budgeting responsibilities / controlling a cost centre. But Citi is a joke so you might get a call from the lobby telling you to pack your stuff 😀

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Post ID: @1wpr+1qtRaZgM

What if your bosses boss was just let go too?

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Post ID: @1fqx+1qtRaZgM

Check this website frequently to see if your name is mentioned =}}}

In seriousness, it will probably be the boss of your boss, and it definitely will be that person if your boss is getting let go.

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Post ID: @1hpy+1qtRaZgM

Usually it’s your bosses boss who will tell you.

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Post ID: @1hny+1qtRaZgM

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