Thread regarding Citigroup Inc. / Citibank / Citi layoffs

From now until March time frame will be really bad is what I’m guessing.

AI promises were made that it’d save TONS of $ and it has not. Now is the time to pay the piper and there are shareholder expectations to be met. They are expecting lots of cheddar on the promises made. So, you have to recoup that money from somewhere.
Lay people off + a reduction in force by way of attrition. Turn up the heat, pile on the work and watch people leave which is a big win so that you don’t have to pay out severance.

The best part that is that Jane still gets her extra 20+ million $ bonus….again. As far as Citi upper echelon is concerned, all is right with the world.

#Layoffs #Severance #Bonus #Shareholder #AILayoffs
by Anonymous
| 2154 views | | 9 replies (last December 4) | Reply
Post ID: @OP+1kbe4ey2h
Comment! It's anonymous!

9 replies (most recent on top)

@a6 this is one of those I said it you’re just gonna have to believe me posts without any further information it will get ignored

by Anonymous
| | Reply
Post ID: @nv+1kbe4ey2h

No one said that AI is out of play, but rather, this huge AI revenue generation hasn’t taken place as promised….RIGHT NOW. It has not been an immediate “thing” to take place. To save face, what can be done TO get that huge influx of revenue that’s expected….hmmm..I wonder what…..what could possibly be done…..hmmm….thinking….oh, yeah, the old chop some heads always seems to work.

by Anonymous
| | Reply
Post ID: @nh+1kbe4ey2h

@h1 ah the old Belfast will be hit hard trope. Citi is investing 1B in Belfast. BOA the same..

by Anonymous
| | Reply
Post ID: @jw+1kbe4ey2h

There will be a definite ramped up effort to run FTE’s off. Where people are wrong is in thinking that if they are not in the US, then they are safe. This is not the case.
The UK in general will be affected as well including Belfast. Those guys in Belfast have a meeting and are told they are safe and breathe a sigh of relief. Well those that bought into that will be hit with a hammer of pink slips soon.

They will use the RTO effort as a springboard to encourage more people leaving. We all know the pro’s and con’s of working from home and we all know that most people would like to work from home etc…there’s no need to hash all that out here. Upper management though will be using this as a tool to drive people away without having to pay severance.

They will rank people on a bell curve to drive people away.
They will increase the work and shorten the deadlines.

by Anonymous
| | Reply
Post ID: @h1+1kbe4ey2h

@OP Citi Tampa - Be it compliance, IT or Analytics (AML) they never lay off H1Bs . They lay off only Americans and permanent residents.

by Anonymous
| | Reply
Post ID: @eb+1kbe4ey2h

@a6 RIFs have been taking place since the first week of Sept. Get with it.

by Anonymous
| | Reply
Post ID: @df+1kbe4ey2h

Any reorg happening ?

by Anonymous
| | Reply
Post ID: @cn+1kbe4ey2h

Pick me! And make it soon.

by Anonymous
| | Reply
Post ID: @aq+1kbe4ey2h

Yes RIFs are coming soon. Lists being curated now.

by Anonymous
| | Reply
Post ID: @a6+1kbe4ey2h

Post a reply

: