Its all by design, my suggestion is to fall for it.

The automatic rank everyone lower…
The place people on PIPs…..
The lack luster severance…..

Its all done to run off people to avoid any severance payouts AND it’s all designed to recoup money.

1.2 billion $ Russia mistake…the AI promise of cost savings….all black eyes and recouping money any way they can is the make up to cover it up.

So, use this as motivational fuel for later. The job market will get better. Trust me, there are jobs out there that pay more money than Citi, even more so since Citi is not giving up any $ for bonus’s or raises. Citi would have you believe that you’ve got a better deal “here” but at best Citi is average on pay and perks. This…all of this….that Citi is doing is a well rounded snapshot of what Citi thinks of you and your worth.

Take the hint and when things turn around, start seeking jobs outside of Citi even look beyond the financial sector. Use all of what Citi is doing to sharpen your focus on leaving. Use it as motivational fuel to leave once you find something comparable. As far as the return to office jargon…..you might as well work somewhere else for more money and go in the office there instead of here for less $.

#AI #CostSavings #PIP #ReturnToOffice #Severance

Comment! It's anonymous!

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Everyone needs to take a chill pill.
Just work, become valuable, guard your secrets and when the time is right, leave for another job. Simple as that. It may not be fast but it really works.

@an such a silly post. “HR” is not lurking on this forum. You/we and what we say here aren’t important to them.

The OP has upset HR @a7 it seems. LOL

Like it or not, and I don’t like it, the OP has some valid points.

@a7 what areas ? Ive hears high cost areas in jan, comsent order womdong down roles in march. But what areas are impacted?

It doesn’t matter if its simple or complex, the end result is the same.
They are ranking people lower and taking measures to run people off and comps are nil.
The OP is spot on. Its a reflection of what they think about you as an employee.
It’s time to move on one way or another. On to greener pastures and not here.

Your illogical rant is useless.. Provide any useful info if you have or just don't mislead people who don't know much and come here for info..

The target RIF is ~15% to be done by End of March. Another 5% will come later. non employee cuts are around 35%. Its combination of AI and promise to wall street and expense control.. Nothing new. Good for people who survived because the stock being up is putting less pressure on cuts.

@a5 Right…..keep telling yourself that.
OP, don’t forget that Jane still gets her over inflated raise\bonus yet once again whereas everyone else has to suffer for it.

Very simplistic understanding of what’s going on. They are not looking to recoup money for the Russian write off for instance.

Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Its all by design, my suggestion is to fall for it.

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