I can't understand how some people can keep so calm and almost ignore everything that's been happening. I guess it's a case of "if it didn't happen to me, it's not an issue." Until it does happen to them. But I guess I'm the id--t for trying to warn them to stay prepared.
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Working at Citi has become the industry’s joke. Just pretend you’re next in line for a layoff and you’ll be just fine. Treat them like they’re treating you, do the minimum, ignore management’s lies, and look after yourself. Whatever extra effort you’re putting on your part will not deter the layoff and will not matter in your next job. Bottom line is THEY DON’T CARE! As soon as you realize that you’ll be better off.
I've been making contingency plans since early this year, including crunching the finances. I've also done a limited job search. Not in a hurry to start over at a new company but have done some applications, and in the process closely reviewed and improved my resume.
I think your take is wrong. Most people don't care. If it happens it happens.
If its affecting you so much then maybe you need to look elsewhere.
The fact is, I think anyone worried about layoffs is being dramatic. Do you think that layoffs never happened before? People where always getting laid off before. It is just more systematic now.
Why do some employees choose to stay @Citi even though they were warned about Layoffs definitely happening in the future??
For several reasons. Citi and most employers are aware of the reasons and already figured them out!
No one or very few employees want to start over in a new company because of new work, new manager, new methods, new policies etc..
Also, especially since year 2023 the job market has been horrible.
You can run, but you can't hide. There's No guarantee that you will Not get Laidoff at your new employer just because you're a new employee there, post-Citi, or post-anywhere else.
Being a new hire does Not protect employees from the Axeman.
In this job market, you can get laid off after only 6 months to 1 year. In most companies if you have less than 1 year tenure, the severance svcks! You'll only get at most 8-12 weeks of salary.
Imagine, quitting Citi or any other employer, getting laid off by the new employer after 9 months, then getting only 8 weeks severance!
If you stayed@ Citi or your current employer, you'll get more than 8 weeks severance plus WARN money plus medical coverage up to when your WARN period ends ( depends on U.S. State).
I stress over (NOT) getting laid off
Living in fear isn't living.
Everyone should be considering a job change. Citi cannot be trusted, you do not need the stress. Until then be miserable to your co workers and clients. Let them share your joy and have a great 4th of July weekend. You deserve better for your time.
It is an individual reaction and planning. When a big announcement was made in 2024 about 20k layoffs- I told my manager to put my name for layoffs because I was already tired of Citi work ethics and team so I let go in March 2024 but I didn’t panic since I had plan B. I took up a contracting gig and survived for 18 months. Job market is tough now. Having savings is very important and payoff your loans as soon as you can. Biggest challenge is health insurance.
Upcoming layoff count 6000 avg.
I actually understand both perspectives. There’s no point worrying about the inevitable, but it’s still important to have a “what if” plan.
For some people, a redundancy payout is a lifeline, so I completely understand why they might choose to wait and see.
When my team was told redundancies were coming, many of them invested a lot of time and money trying to fight the decision. I chose a different approach and dedicated my time to finding another job. By the time the final decision was made, I was able to transition straight into a new role without any gaps on my resume.
Unfortunately, many of my former colleagues didn’t fare as well. They were left competing in a job market that had suddenly become saturated with ex-Citi staff, and some are still trying to catch up.
The point is, don’t make drastic decisions out of fear but also recognise when it’s time to leave the party. Being prepared isn’t the same as giving up, it’s giving yourself options.
@ah I don't get it - why did you live with the stress for 2 years instead of trying your darndest to move elsewhere? I get that the job market has not been the best since late 2024, but still....it's better to spend time and search than let stgress destroy your health and heart. And I will never get people who say something along the lines of 'I ain't moving till they pay me to do so by giving me a layoff check'...good grief, is the lack of self esteem and the constant stress worth that check of a few thousand?
I stressed about it for 2 years until I made some financial decisions with the inevitable in mind. What you can control goes a long way I terms of planning, best to do under circumstances. I was laid off eventually in March, it su-ks yes, no jobs out there, but managing to the best of ability having made some financial decisions early on.
Don’t stress over how your coworkers are handling it—focus on protecting yourself. My team was warned back in January 2025 that layoffs would likely happen sometime in 2026. Then June 2026 came, and 50% of the team was laid off, with the rest of us told we would be let go before the end of the year.
Even with all that warning, some people were still shocked and emotional, asking how this could happen. The lesson is that some people will not believe it until the layoff email is sitting in their inbox.