Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Playing games and dragging feet on severance and benefits. Don’t be afraid to talk to a lawyer.

I’m sure that some of the posts are true and that Citi is dragging their feet on paying out on severance or pending benefits. Hoping that frustration will cause a person to take just any job at a much lower wage or just drop it. Once a job is accepted the severance stops if it even started at all.

First know your rights and don’t be afraid to sue should the situation call for it. There are a ton of lawyers out there who would love to make a name for themselves on taking on a big company. Many will take a lawsuit on contingency if the claim has great merit. Contingency meaning that they will forego legal fees unless the case is won.

If you do go this route, don’t sue for just severance owed but also sue for mental stress of having to deal with the hassle in addition to adding on legal fees. So severance+mental stress+legal fees. A good lawyer will factor all this in and don’t be afraid to go public.

I’m sure at the reading of this post HR is going nuts even though there is nothing wrong or illegal or unethical to suggest that someone should sue should Citi themselves be found negligent on such matters.

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| 2183 views | | 9 replies (last November 25, 2024) | Reply
Post ID: @OP+1qnix9ok

9 replies (most recent on top)

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Post ID: @5iuru+1qnix9ok

Be aware that any meetings with your Manager that include Members of Human Resources is Never a good sign. By law and protocol, HR must be present during firing and layoff meetings and also to make sure there are witnesses FOR the Company. HR is NOT the Employees' friend or ally. HR works for the Company. HR does NOT work for Employees including the CEO. Also, the discussion may even be secretly recorded by audio and/or video by HR. Depending on what US State the Employee is in, this is permissible as long as one-side of those being recorded approves their being recorded. There are US States where both sides must agree to be recorded for the recording to be legal.

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Post ID: @7vit+1qnix9ok

The layoffs artificially increase the stock price. If Citi isn’t producing revenue with actual sales, profitable products or innovation then they will have to continue to cut staff to keep the stock price up. At this point they will need to fire everyone to keep Citi afloat. Layoffs are not the solution to a struggling Company that provides no valuable products.
8 reactions (+8/-0) Post ID: @1slo+1qhAxlVu

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Post ID: @2hwz+1qnix9ok

You know taking a job ( outside of Citi) after being laid off ( and def after the WARN) period, doesn’t cancel out your severance. If you get a new job at a new company after layoffs, you still get all your severance. Silly rabbits

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Post ID: @1pud+1qnix9ok

Likewise Post ID: @kvk+1qnix9ok : Since you have so much time to troll this site, I trust you are definitely on a list and getting the axe soon. As others have already posted and if you had a modicum of "knowledge" about how the markets work, any increases in stock prices because of Layoffs is ephemeral and temporary. Citi can Not and is unable to cut/Layoff its way to being on par with its G0ds it admires and idolizes during the Townhall meetings and on PowerPoint presentations, JPMC, Goldman, BofA forever. Citi is so FUBAR beyond help and hope that it would need to Layoff 240,000 Employees or basically go bankrupt and sell/merge itself to its G0ds and wave the Surrender white flag ! ROTFLMFAO!

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Post ID: @gze+1qnix9ok

Post ID: @hkj+1qnix9ok LOL. Tell me you don't know about the markets without telling me you don't know about the markets. You must be a back office putz. Go google P/E, P/S, P/B, D/E ratio, FCF, and OPM. Whiney babies on the internet crying about how their long ride on the gravy train came to an end, are not a part of the consideration. If anything, the news of people hitting the streets affirms Jane's promises and shows the Analysts Citi is serious about trimming the fat. Since you have so much time to troll this site, I trust you are definitely on a list and getting the axe soon.

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Post ID: @kvk+1qnix9ok

No kidding. Citi, the king of settling out of court and paying fines.

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Post ID: @gfd+1qnix9ok

Post ID: @fdg+1qnix9ok Thanks Citi HR ! The negative PR about how Citi is Fvcking its Laidoff Employees will drag down its stock price. This is a legal case of David and Goliath. Guess who won ???

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Post ID: @hkj+1qnix9ok

HR doesn't give a cr-p about your silly post. Sue all you want. Company has deeper pockets than you and will win a legal pi$$ing contest 100/100 against you

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Post ID: @fdg+1qnix9ok

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