Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Jane on quarterly Conf Call with MD’s answering questions..

  1. No layoffs planned past Q1
  2. Hybrid work model not in question

Great news! I love my sh---y bank.

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| 1961 views | | 10 replies (last February 2, 2025) | Reply
Post ID: @OP+1jjscn5z6

10 replies (most recent on top)

Trim de fat is alwaysvgood fer the pack

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Post ID: @x2+1jjscn5z6

they doubled the amount of money in reserves for severance. so buckle up till end of March if JF statement is true. They committed to ejecting another 10K.

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Post ID: @x0+1jjscn5z6

Me still like Jane...

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Post ID: @k2+1jjscn5z6

I agree. One good thing to focus on. lol. They aren't paying people who are doing the real work properly in most areas here @a7+1jjscn5z6. More responsibilities, less promotions, and such. You've got SVP/VP/AVP doing D/MD level work while the higher ups roll in the dough. Wish something would give but it's the same circus unfortunately because it could be a great company if managed right. Such hands off managers now because they are afraid to hurt feelings instead of telling cr-ppy people to fix their sh*T. It's insane but not surprising at this backward place. I wish it would get better but this isn't a Disney song. Lol.

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Post ID: @gp+1jjscn5z6

Post ID: @fd+1jjscn5z6 That's what they may say now, about RTO and Hybrid. 6 months from now, they may be singing a different tune.

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Post ID: @g4+1jjscn5z6

Was there any news of a volunteer retirement? If so, any details? Age? Parameters? Offerings?

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Post ID: @fn+1jjscn5z6

I also heard the Hybrid work mode will not affected. There is still Reorg going on so hopefully it's only Reorg and not layoffs

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Post ID: @fd+1jjscn5z6

Is it true ? Then what that news about 10K layoffs or 600 Millions as reserve for layoffs ?

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Post ID: @ef+1jjscn5z6

Me still like Jane

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Post ID: @c2+1jjscn5z6

Good that they understand for the time being that if they cannot pay properly people in back office then they should not ask them to come in 5 days a week. Let's see how long it will last.

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Post ID: @a7+1jjscn5z6

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