Thread regarding Citigroup Inc. / Citibank / Citi layoffs

The only true job security is 6 months worth of savings, marketable job skills and a great network of people who can help you.

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| 1151 views | | 13 replies (last February 2, 2025) | Reply
Post ID: @OP+1jjtbyj92

13 replies (most recent on top)

That guy got paid to join and got paid to leave. Why are you still at citi if so unhappy? You could get paid to blog or something as you are really talented with many skills

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Post ID: @qm+1jjtbyj92

Citi did give me a sack of cash to join, get tou some son

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Post ID: @qg+1jjtbyj92

I have a tent as well for shelter!!!

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Post ID: @ph+1jjtbyj92

For me, I agree. The bonus, as small as it was, goes straight into savings. Its a contribution to my layoff fund should it ever happen. So far I have almost a year’s worth of salary saved. A very long hard road where patience and consistent contribution no matter how small is the key.

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Post ID: @p6+1jjtbyj92

Cant we all just get along?

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Post ID: @h5+1jjtbyj92

Nope, it took me 16 years to put aside every single bonus, pay raise differential plus any spare $ I could in addition to living below my means. Now, 1 year pay is set aside as layoff money. Again, you have to have the long vision, discipline and work toward this end. I can guarantee you 100% beyond any doubt that you’ll never get there if you never start toward that goal. The sad part is that it still may not be enough as some people are out of a job for longer than a year. If you never start, it’ll never happen that’s for sure.

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Post ID: @ev+1jjtbyj92

Post ID: @bt+1jjtbyj92 Correct. Everyone is your competition including friends and definitely your coworkers and former coworkers. People don't really help people. They only pretend to help so that they themselves can get help. Everyone plays this BullSh!t game. Most people do Not fall for it.

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Post ID: @ed+1jjtbyj92

According to the OP: "There is no 100% security other than complete and total financial security. In other words being wealthy enough to where it does not matter if you have a job or not. If you don’t fit into this bucket, like most people, then work toward a Layoff savings cushion."

From the above he means if you have substantial family money to fall back on (you're an heir or heiress to a large fortune), you belong to the Upper 3% bracket, you have relatives who can easily pay for your expenses without expecting anything in return and/or you're a Nepo-baby who can get jobs through and from relatives.

These types of people do Not need to worry about money, if they're going to eat, if they can pay their mortgage/rent, or if they can get a job. They have the wealthy families/relatives cushion they can fall back on. It doesn't matter if they Fvck Up on the job or if they were the wrong hire. They'll never get Fired. I know people like this, and I do envy them.

Unfortunately, 99.99% of the world do Not fall in the above miniscule category, including myself.

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Post ID: @ec+1jjtbyj92

A network of “good ole boy” is a lot different than a network of competent skilled colleagues who are familiar with your own skilled depth, work ethic and deliverables. Two different things, you do know that, right?

If you are leveraging the good ole boy train of thought, then that is a problem as often times you, eventually, will be asked to prove worth. Bottom line, the rubber always meets the road at some point in time, so the good ole boy route is NOT the way to go. The other networked group, is based off of familiarity with your actual worth of what you actually bring to the table which is much more valuable and a preferred reference. THIS is what you need to work on.

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Post ID: @d8+1jjtbyj92

What do you mean network of people, I thought we were back to ‘merit’ based hiring, not “who you know.”

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Post ID: @cs+1jjtbyj92

OP here. You make looking for a job…..AS your job. Still wake up at the same time, and spend 8 hours per day looking, applying, researching, and skilling up. The 8 hours you’d spend normally working, now you spend those 8 looking for employment.

That aside, you still network, reach out to colleagues. The old tried and true “search two job search engines and call it a day after an hour” does not cut it.

There is no 100% security other than complete and total financial security. In other words being wealthy enough to where it does not matter if you have a job or not. If you don’t fit into this bucket, like most people, then work toward a savings cushion of being let go. If you get a bonus or raise, place that difference aside for those rainy days. Before someone says anything, yes, this can take years to accumulate to get that 6 months to a year worth of salary. Its not an overnight safeguard, it takes time to build up but boy is it worth it.

Every time a layoff is mentioned, I just shrug my shoulders and keep working. Of course It does not alleviate 100% of all the stress or anxiety that “I might be next”. After all, no one wants to be without a steady paycheck, but it does lessen any stress a whole lot.

On the networking part, I’ve keep up with old colleagues and make sure to touch base regularly. Some of which I’ve helped find a job and\or become a reference for. Always keep those doors opened.

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Post ID: @cb+1jjtbyj92

A network of people who can help you. Yeah right. All they would tell me is to check their company website for openings and leave it at that. It takes tenacity and the spirit of not giving up on yourself. Telling yourself you're going to get that job by searching every day and following up.

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Post ID: @bt+1jjtbyj92

That still doesnt sound like enough...

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Post ID: @ac+1jjtbyj92

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