Thread regarding Citigroup Inc. / Citibank / Citi layoffs

What was written vs what was implied vs what was said vs what was reported vs what was emailed etc…

The end result is the same, you can’t trust anything said from upper management when it comes to layoff numbers and timelines. Its a game and they are laughing at you right now trying to figure out what is happening and when and to how many and to which groups.

Either….
A. You get mixed messages because they are clueless and don’t know what they are doing, enter the Benny Hill music here.
or
B. You get mixed messages and obfuscation on purpose for deceptive reasons, they want uncertainty and confusion so as to drive people off without paying severance.

Also there’s the fear factor. Citi squeezes a lot of extra hours out of employees with implied fear. “Better put in those long hours to prove you are contributing, if not, you’re let go.”

There are consulting groups leveraged that teach classes on how to run people off via games. Schedule tons of meetings, pile on the work and shorten the deadlines so that you have to put in extra hours per day just to do the actual work.

They’ll be leveraging the remote work card soon as a metric. The bottom line is that you are a pawn, a commodity, something to be used and discarded at will. Quit trying to guess what’s going to happen and when. It may be more prudent to do actually look elsewhere and move on. Yes, I realize you’ll miss out on the severance, but is the stress and your worth it?

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| 1652 views | | 10 replies (last January 16, 2024) | Reply
Post ID: @OP+1qB8whxI

10 replies (most recent on top)

Shocker…no transparency. I mean who knew…

https://www.efinancialcareers.com/news/citi-job-cuts-bonuses

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Post ID: @mgt+1qB8whxI

Thank you sir, i thought so. Be careful with tech as AI is coming. Pass on the retail one as you will be looking for more work in a year. Good luck with the other Carpe diem!

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Post ID: @ugn+1qB8whxI

To: @ewf+1qB8whxI

You are right 1 billion percent, I do NOT have two banking interviews.
I have one in the retail sector for their tech team and one for a different company in the tech sector and no, I’m not going to give you their names.

You’d be a fool at this juncture to limit yourself to just the banking industry only. Surely you can think beyond that.

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Post ID: @pqq+1qB8whxI

What is the meaning of "Medium Term" in CEO's email ? How long is medium term ?

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Post ID: @qqe+1qB8whxI

RIght you are not stuck forever, but you are stuck now. Oh and wait, I do not believe at all that you have 2 banking interviews this week, good luck though as we only want the best at Citi. Go Jane!!

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Post ID: @ewf+1qB8whxI

You are absolutely right, You’ll never ever get an interview until there’s an absolute mad dash of hiring. Might as well not even try, ever.

Oh, wait, that’s not true as I have 2 different interviews next week.

No, there is not a mad dash. Yes, there will be once we hit a bull market, which always follows after a recession and will happen this year. It’s about persistently looking not only applying for positions if only there’s a hiring spree.

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Post ID: @lsn+1qB8whxI

The mad hiring dash is over, you should have made yer move out during the pandemic. Unfortunately you are stuck now

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Post ID: @jtu+1qB8whxI

No matter what, we are sc--wed. More layoffs coming from other companies too, more competition, companies lowering salary bands ….

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Post ID: @zbq+1qB8whxI

Not many jobs out there already. I don't think there is a first mover advantage.

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Post ID: @kjx+1qB8whxI

What’s best?

Get let go in the first batch, seek and find another job eventually.
OR
Get let go in the 3rd or 4th batch, can’t find a job because those let go in the first and second batch took them all.

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Post ID: @iyy+1qB8whxI

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