We are off to the races folks, layoff are happening this week into next. By March 28th we will lose about 20k people. Last week we saw some layoffs in nyc. Have you noticed many mds who were telecommuters are now moving to key site locations. Like ciso is now in FL and many more going to Texas. They will soon require all to be in office 5 days a week to drive more people out. Also this is phase 4, more layoffs coming in Q3/Q4 of this year. For those not impact work pressure will be on like donkey Kong and possibly move to other areas or laid off again. So brace thy self people. Shittibank is at it again. Never fails to surprise me the amount of incompetence here.
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Tampa can't have people 5 days a week. My manager said we are at capacity and couldn't hold everyone 5x's a week.
Tampa is rocking and rolling…
Same in Tampa and colleagues in Irving say the same. In fact there are lot of new joiners
388 is absurdly packed in certain areas. I struggle to find a desk Monday through Thursday.
There is not enough space at many locations even with 2 days of RTO.
So if it really goes to 5 days where would one sit? There is simply no space meaning this post is totally incorrect
5 days in office for MD's probably, don't think it would become all workers even with layoffs room is sparse
OP is either trolling or just kinda thick.
We know the numbers. By end of 2026 180k employees remain. 40k from the Mexico divestiture. 5k in Q1, the remaining 20k or so by 2026 ye.
This OP, like 80% of the people who come on here, is re--rded.
Given that it is taking Citi literally more than two years just to get rid of the 20,000, why on earth do you think that they have a secret plan to get off of 40,000? It has taken them months just to create the plan to get rid of the 20,000, for crying out loud.
OP doubling down on stupid…
Unfortunately the big one is this quarter, low performance and/or violations like office attendance do count against you.
As OP, not trolling. You'll do well to listen and heed my words. 20k is bs number they gave to media and investors, it will be 40k by then or so, force, down leveled, kicked out you name it. Risk will be affected by 20-40% and office closures will happen to and foot print reduced. This place doesn't care if you walk due to five days a week rto, when has citi ever really cared about you, family or community. This is a bank ran by stupid elitist who were well connected network or bs interviews. Many people here have given a lot of true statements and details of this whole thing, as everyone is pi---d at this process. Many lower ranked mds are pi---d and spilling the bean in townhall and all hands. Most here are accurate statements in the general sense.
can u give details?
Some people have started receiving the news this week ☹️
@iii+1rwYeVvj
You truly think they will stop at just 20k once they see all the money they are saving by making you do the work of 3 people and not having to pay benefits?
We’re any of you old enough to work during the financial crisis? I feel like you would have been crying and shaking in 2008. Sheesh
A group of school kids could have done the reorg better and faster than Citi execs. The problem is that they have been trying to save themselves while blaming the lower workers doing the actual work.
The in-person policy has failed to motivate workers and if they require 5 days a week Citi will lose 50% of workers overnight and go under.
5k is the total # for Q1, including those already let go. The 20k is by 2026.
LOL at the OP. What an ugly troll
Post ID: @hzu+1rwYeVvj There were several Layoffs in FINCRO Risk this month.
How about Enterprise Risk Management?
Has anyone heard anything about the Risk division? All I have heard is broad estimates ranging from the 18th through the 22nd.