From another post.
All of the heavy hitters I know from tech, to project managers and managers have all said the same thing. They’ve had far more than enough, they are…..DONE! True, they need a paycheck but not necessarily a paycheck here. They are not waiting for the job market to improve, they are making moves now. I can’t even imagine the influx out of Citi once the market gets better.
Some were made counter offers (increase in pay) to stay for which was turned down. One of them….and I kid you not, was made a counter offer that was 20K less than where they were leaving to. Who in their right mind would say “Sure, I’ll turn down that extra 20K per year in order to stay here”. If Citi has an ace up their sleeve in order to retain top talent, they better use it now.
Where I’m at, there’s some heavy networking going on outside of Citi and I’m not talking about LinkedIn either. Now is a slow down as usual during the fall and winter. First quarter of next year when hiring picks up, there will be a migration of employees leaving Citi. Many are willing to take a slight cut in pay for somewhere more stable, managers as well.