If you resign and are going to a direct competitor, as a C15/16- does Citi generally make you work your notice period, or puts you on garden leave? Or does this vary case by case? Asking for a friend.
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Depends entirely. As a C16 the way the employment contract reads it is Citi’s option. So if I’m subject to call it 90 days of garden leave, Citi can decide to cut me off and wish me best of luck the minute I resign or they can make me work my garden leave period up until the last day. At senior leadership levels resignations are rarely made immediately public: the employee works with their leadership to determine if they should utilize an existing succession plan or if they should seek internal, external, agency candidates and what selection process is most appropriate - they’ll do this by running these decisions though senior hr/business forums meant to determine how best to leverage positions / org design. Depending on those outcomes, some form of strategy around when to inform broader seniors and teams emerges and if all goes well, the employee works like 30-45 days (maybe 50-60 if there’s a lot of bureaucratic red tape with a replacement hire start date, etc). The employee then gets a few weeks to a few months (good outcome) paid, with benefits, while waiting out their contractual garden leave time and taking any accrued PTO (I’m not certain but believe this shortens garden leave). This is all somewhat negotiable assuming an employee, management, and HR have a decent relationship. I’ve seen people get their garden leave periods shortened, I’ve seen managers force employees to work the entire garden leave out of spite.
It depends on the section of the bank you're in and your role. I was not subject to garden leave and could have worked my last couple of weeks as a director, but HR sc--wed up and initially said I was subject to garden leave and cut my off and then later clarified I was not, but told me that seeing they already shut everything off that I might as well leave. No goodbye email, nothing. People thought I left on bad terms, but I didn"t. Just HR messing things up. So the answer is maybe, but expect to be booted.
@ev Nice joke of the day. You brighten my day with your intelligence 😂
Why would you ever want to leave? What could possibly be so bad, that you’d want to go?
Garden leave. Most lose access within a week or less.
It's a mix. Assuming you're on good terms with everyone, there will be a handoff period to whoever takes over (or interim) and then you get to enjoy your garden leave. Some garden leaves have you still in the system (with access) and you're on call for emergencies. With some, you lose all access, but are still in the system. But do that handoff and get the heck out ASAP as there's no upside.
Garden leave