Any truth to these rumors? If the answer is yes, fu-k Citi. That's all.
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Troll is obviously NOT a Citi employee or even in banking. Else you would know the acronyms, what are 1st, 2nd lines of defence, etc..
@db what does 4s, FPC and T&M mean?
@d5 1st line of defense is the business and 2nd line is indep risk mgmt and icrm
The 4s from YE will be gone in Q1, that’s around 5% I was told. All FPC and many t&m are gone by year end in many departments. Sh!tty low cost TCS are allowed next year. No back fills at all.
What is first and second layer?
I just heard from my supervisor that layoffs are coming for first and second line BEFORE end of year. So yes the rumors are true.
Hello, Citi HR or Legal Dept..
Remember, PTO-Vacation Days are salaries Not in cash form.
Citi wants employees-Svckers to not carry forward the maximum 10 vacation days to 2026 so that Citi does Not need to pay for unused PTO-Vacation Days upon layoff, termination, voluntary quits.
Use up your Sick Days first since these will Not be paid to the employee. There's only 2.5 months remaining in 2025. Manage and use up the Sick Days first BEFORE your Salary-based PTO-Vacation-Holidays.
Nope. Rest easy till EOY. Take all your unplanned days