If you get layoff this week or know of a colleague who was let go this week please share! Add the State (NY, TX, FL, etc) and department (O&T, Risk&Controls, wealth management, etc)
102 replies (most recent on top)
@29s5 $hitibank treats and considers its Employees as used, discarded T@mpons or M@xi-Pads at DogFood Salaries.
At least GS, JPMC and Morgan Stanley pay better. Employees may be treated and regarded in the same lowly way, but the salaries and bonuses are better.
$hitibank will probably Layoff in the Fall After the VOE is submitted. This has been the pattern since 2023. If memory serves correctly, the VOE is due end of September or early October.
Right around October, Employees-Svckers are informed, tapped on the shoulder about their Layoffs.
The pattern has been:
Feb/March/April Layoff announcements. Svckers-Employees are informed they're being treated as Dross, Trash, a used M@xi-Pad or Tamp-n and thrown out.
Then the October/November Layoffs.
Haha
@26ns "I'm swinging to the sweet sounds of Risk Management." (Seinfeld TV Show). NOT!
I know some of the people who got the Layoff Axe in Risk. Risk "Management" has been swinging the Axe vigilante style (Hoodwink movie) starting in Q3 2022.
At the end of every Q1, Q2 and Q3 Risk has been Laying off employees. What's left are the Incompetent feckless Schlimazel Power-Hungry Control Freak Two-Faced Backst@bbing Snakes. Anyone who wants or accepts a job in Risk "Management" whether internal or external has Sh!t for b-a!ns.
I know for a fact that people were Laidoff in Risk, Finance, Tech, many other departments and their last day of Workday access was July 31.
How do I know this ? I know the people who were laidoff because I worked with them on various projects. Since their last day was July 31 this means they were told, notified they were getting the Axe around April 30. Hence, 3 months later was their last official day at Citi.
Then the severance of 2 weeks paid for every year of service starts after July 31, at least in the USA. Don't know about Europe and other regions.
And yes, the "Layoffs" were politically motivated. Sh!tibank axed highly skilled people who truly wanted to improve Sh!tibank and help Sh!tibank get out of its Sh!TH0le, and were Not lemmings or Yes men/women who simply Svcked their managers' and/or the C-Suite's AS$ES.
It's Sh!tibank's loss and the Axed employees know this. Read the article and comments from Charles Gasparino's analysis in https://nypost.com/2025/08/01/business/jane-fraser-on-hunt-to-put-the-old-citi-back-together/ .
They're correct. Sh!tibank is the Walmart Ugly Dog of Wall Street and will continue to be until its ultimate demise (writings been on the wall for at least 20 years) just like Bear Stearns, Credit Suisse, Lehman, etc.. Former CEO Sandy Weill was the catalyst that Fvcked Up Sh!tibank.
Sh!tibank's Transformation plans are nothing more than Walmart trying to become and look like Bergdorf Goodman / Saks / Bloomingdales (i.e. Goldman Sachs, JPMorgan Chase, Bank of America, Morgan Stanley, Barclays). NEVER going to happen. Quasimodo will NEVER win a Beauty Contest ! ROTFLMFAO !
It's not fear, it's planning and readiness.. For some, it's also a blessing that will force them to become entrepreneurs and take control of their lives. Sharing simply allows others to know what the company keeps quiet.
by Hsgs6274848+1
Post ID: @a3+1k2294qvb
All remote workers will be layoffs soon at high cost NAM region. Pack your bags.
Anything on this subject.
I wish someone would start sharing real information instead of cryptic riddles. Smh.
Anything on this subject?
Happy Holidays and then Bo-m!
@20v3 You forgot HSBC on that list.
Citibankafkaesque.
@OP Sh!tibank like to think of itself as a competitor of or in the same league with GS, JPMC, BofA.
In reality, Sh!tibank is on par and in the same league with W!tch Fargo, Capital One Bank, BNY Mellon, State Street Bank, NYCB......you know, the other financially unstable, penurious banks.
@kgxy Funny and hysterical.
It's also truly insulting as if all is or will be forgiven when Svckers-Employees are forced to join in Fake-AS$ Forced Fun Ice-breaker jokes/questions at the start of meetings, some which literally border on asking illegal personal questions.
How many of the Svckers-Employees who participated in the Citi-BullSh!t with the false hopes that their forced camaraderie will somehow get them off the Layoff List, got Laidoff anyway ???!!!
And then there are the "free" lunches (cheap dried up pizza), Pot Luck Lunches=BYOL (Bring Your Own Lunch, spend your own money and haul in the food for Free Loaders) to promote Fake Bonding and camaraderie ! All while the "managers" scheme behind the Svckers-Employees backs, decide who's Not drinking the po!soned Citi-Koolaid and who gets the Layoff Axe !
I've Never and still refuse to participate in the above subterfuge!
Post ID: @1ync+1rIg0s7Z
Back in 2022 - 2023 I was in meetings with MDs who literally stated that because of Citi's financial problems and instability there will be employees who would have made the cut for In-seat Promotions in previous years who will Not make the cut in future years because Citi reduced its promotion approval rate to at most 20%.
Stated another way, starting around the year 2022 at most 20% of employees who are expecting or eligible for In-seat promotions, regardless if they're Rated 1s / 2s / 3s will be promoted.
This is similar to High Schools Seniors who were admitted to highly selective universities, 5, 10, 15, 20, 30 etc. years ago, will most likely Not get admitted to those same universities today.
Per Google Gemini:
A silent exit plan, often referred to as "quiet quitting" or "silent quitting," is a strategy where an individual gradually reduces their effort and engagement in a relationship, job, or other commitment, without explicitly leaving. It's a way of disconnecting from a situation that is causing stress or dissatisfaction, sometimes without directly confronting the issues or expressing their feelings.
Here's a more detailed look at what it involves:
(In work context)
Reduced effort and engagement:
Individuals might stop volunteering for extra tasks, minimize their participation in meetings, and avoid taking on additional responsibilities.
Limited communication:
They may respond less frequently to emails or messages outside of work hours, and be less likely to initiate conversations.
Distance from the team:
They might become less involved in social events or team-building activities, and isolate themselves from colleagues.
Minimalism:
They may focus on doing the bare minimum to avoid being fired, rather than striving for excellence or going above and beyond. Post ID: @h6+1jxa25ztd
Post ID: @1yew+1rIg0s7Z And HR has the nerve to send out their Mid-Year Performance email reminder and state that "Employees are 100% in control of their Careers and Career Growth." What a Blatant Bull$hit LIE and Joke !!!
As many posters and employees have already posted on this site, many (more than 80%) were Rated 1s / 2s and have been passed over for In-Seat promotions for years as well as received Low or Zero Bonuses. In $hitibank the only way to get to the next C-Level is to apply for a internal job at that higher C-Level. This is Not an In-Seat promotion, but a whole new job/role.
Since $hitibank is financially unstable and teetering on bankruptcy, it's been nickle and diming its employees (reduced Bonuses down to Zero, reduced 401k/pension benefits, reducted medical benefits, etc.), for years if not decades.
Employees just like High School Seniors applying to universities are NOT 100% in control of their careers and futures. We've all witnessed hard-working employees Not get rewarded, but yet some of their co-workers who are Not as hard-working get rewarded. Politics, favouritism, cronyism, nepotism, jealousy, etc. are also other variables in play.
Just like Employees, how many High Schools Seniors believed they did everything perfectly and correctly by getting 1500+ on their SAT score, be top players in several sports teams, took 5 to 12 AP Exams and got 4 or 5 Score on each AP Exam, etc. only to be rejected by and Not get accepted into their Dream Universities ???
You can do everything right and perfectly, AND STILL NOT get rewarded. Hence, Employees do Quiet Quitting and the Bare Minimum.
Layoffs euphemisms and definitions = Restructuring, Transformation, Unlocking Value, Phase Number-x, Simplicity, Reorganisation.
This is similar to:
What's another word for farming ? Agriculture
And from Business School, what's another word for Debt ? Credit
Post ID: @1wts+1rIg0s7Z Yes, true and correct.
Risk DART, DART CAO and Risk in general are a bunch of Power-Hungry AN@L retentive control freaks!
Everyone there is jockeying against each other and back-st@bbing each other.
The Risk Department is a real life Hunger Games.
But in Risk and/or Citi, you have No allies or friends you can trust, help or protect you. You're on your own.
Also, being sociopathic control freaks makes the "managers" feel important and relevant.
Citi is simply an AS$HOLE Factory! And a H3LLHOLE on its way to bankruptcy by 2027-2028 !
The Layoffs in March/April 2025 in Finance and Risk were a bl00dbath. So many people got Laidoff.
Do Not believe anyone who says Layoffs are over. I knew this was going to happen back in July 2024 because this has been Citi's pattern. March/April and then Oct/November.
Watch for another round of Layoffs in October/November.
Post ID: @1wnk+1rIg0s7Z During every Layoff round, most U.S. States require the employer to give out to Employees a document that shows the Age and demographics of the employees who were laidoff. This is to provide transparency and show that the Layoff did Not target specific age groups and/or minorities, URMs.
Anyone who was Laidoff and did Not receive this document must ask HR for it. HR and Citi are required by Law to distribute the document voluntarily and free of charge, and the employees should Not need to pull teeth to get the document post-layoff.
If Citi or HR refuses, contact your State's Dept. of Labor and EEOC.
Was told a few MDs were let go in NYC, over 50 or close to retirement age. I personally know someone from NYC that was let go last week, role moving to cheaper location. I guess Tampa is not cheap anymore.
If you are in your 50s, have been at Citi for years, please save or plan for early retirement.
Several people from our group were told in April, as our "roles" were moving outside the US. I think most people were over 50. We were told the notice period started in like 6 weeks, followed by 60 days working notice period until termination.
I see in this thread several people mentioned non-working period, which was always the norm for our group, until this round. If we aren't working enough (whatever that means), we'll lose our severance.
Has anyone else been put on 60-day working notice? Is this a new thing Citi is doing instead of non-working notice?
Post ID: @1whq+1rIg0s7Z In Risk it's generally March/April and Oct/Nov. I've seen this happen since 2023.
Several people were laidoff in Risk in March/April this year. Layoffs are going to continue until at least the 1st Quarter of 2026.
Next Layoff round most likely late Oct/Nov. I've seen the pattern at $hitibank:
Feb/March
Oct/Nov
This is very helpful for Career Management and Layoff Management:
https://www.yahoo.com/lifestyle/20-things-employers-dont-want-023102416.html
And yet $hitibank wonders why it has job candidates & Posters on this Site whose main concern is how to beat Citi's Drvg Screening Test. LMFAO!
$hitibank is lucky to get job candidates who are Drvg Users, Drvg Dealers, Bank Robbers and/or Axe Mvrderers!
What you'll get in $hitibank:
Little to no pay increases (oh except for upper management), no promotions, zero room for growth.
Who wants to be overworked and underpaid, with no brighter days in sight?
by Anonymous
Post ID: @24g+1jr19101k
When Citi-Employers pay Peanuts & Dog $HIT, they get Low Calibre Trash employees and job candidates! LMFAO!
I think there’s way too much confusion already then the tariffs have added a layer of complexity to corporate decisions. Here’s the decision tree.
“Layoff and layoff now”
“ooopps, exec bonus is cut, layoff even more now to make up for that”
“no, wait, hold on, hire more staff abroad”
“no, wait, make that manage out the contractors and bring state side staff”
“hold on, tariffs are here, no, wait, what!?!?!”
https://nypost.com/2025/04/07/lifestyle/boss-goes-viral-for-outrageous-request-of-fired-employee-are-you-joking/
If there was no chaos, this board would not even exist.
Be careful. There's an HR email going around, "Pulse Check Survey". I've seen these in prior months and years.
This is probably the mini-VOE other posters warned about that gets emailed to employees prior to the regular September Full VOE.
If you choose to participate and respond to these mini-VOEs make sure you Wordsmith, use different words and phrases than what you use on this Layoff Site/Forum because HR and Citi are probably trying to catch employees and match up who said what.
Post ID: @1kse+1rIg0s7Z In which geographic location were there Layoffs in R&C ? Else yours is a troll BullSh!t post.
Several more let go today in R&C
Any more on this ?
So looking back at this there are similar things going on around the same time. If recent 100 risk people were let go a week or so ago. Wonder what's in store for the rest of us next week. I'm sorry, there wasn't this much spring vacationing going on last couple years. I think people are using up time off who know they are on the way out.
I shouldn't be surprised that they are drawing this out. We know that JF and SMTs got fat raises & bonuses. You can't make all that $$ and not layoff when we are still in the red.
I literally Hate Sh!tibank aka Citibank and my job more and more everyday. I'm in NAM Risk and when my MD told me that I'm getting transferred to a new Risk Group, he had a surprised facial expression when my look of happiness turned into sadness because I told him I thought he was going to say I'm Laidoff, but instead said I'm getting transferred. I'm literally counting the Days when I finally QUIT and leave this SH!TH0LE masquerading as a "Bank". I Hate my new group and my job.
People, look around you and Read the Writing on the Walls. Sh!tibank is terminal and grasping at straws to stay alive. We've all seen this scenario before with Bear Strearns, Lehman, Wachovia, Merrill Ly--h, Credit Suisse, etc.. In 2 years, Citi "bank" will Not exist !
Wrong. FVKITOL medication (Fvck It All) to ease your Citipain and Make You Not Care Anymore is only available at IDGAFF (I Don't Give A Flying Fvck) Pharmacy, Not IDGAF Pharmacy.
Post ID: @ljyu+1rIg0s7Z Can I buy the Fvkitol (Fvck It All) medication at Target Pharmacy or is it available only at IDGAF Pharmacy?