Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Demotion and Reduced pay

I'm a director, make $250k, was asked to take a massive pay cut (down to $125k); however, they're giving me an unlimited dinning pass at the cafeteria and a cot in the old janitor's closet (they were laid off, though not sure if I'd be required to scrub toilets). I'm thinking I might take it and stop paying rent/utilities, not a horrible offer. What do you guys think? I'd love to hear more about your demotion stories.

by
| 1892 views | | 6 replies (last March 28, 2024) | Reply
Post ID: @OP+1rLiJ27o

6 replies (most recent on top)

I just quit my job in the helium factory because of the way management spoke to me.

by
| | Reply
Post ID: @bdz+1rLiJ27o

i am falling down a level, lost my 4 reports and now an IC. moved backwards but doing more work. others now taking over. probably being forced out.

by
| | Reply
Post ID: @rqr+1rLiJ27o

Post ID: @mcy+1rLiJ27o Yes. Try to get a barista role at the 388 shop. There's also a Starbucks literally adjacent to the building.

by
| | Reply
Post ID: @czx+1rLiJ27o

Is this true or you are trolling? 50% salary reduction?

by
| | Reply
Post ID: @xtl+1rLiJ27o

It worked for Jane, so go for it. You too can amass great wealth while ruining the lives of families worldwide

by
| | Reply
Post ID: @ozo+1rLiJ27o

I'd hold out to get a barista role.

by
| | Reply
Post ID: @mcy+1rLiJ27o

Post a reply

: