Thread regarding Citigroup Inc. / Citibank / Citi layoffs

I was let go last year along with 200+ people. I considered myself lucky cause at least we got an informal notice ahead of time and that allowed me time to make financial decisions. Last day of work was end of March, followed by 60 days of pay work (all the way to end of May), followed by vacation pay in June and package arrived beginning of July. So lucky, some people experience longer delays. That said, nothing prepared me for how bad the job market is. It's 1000% an employers market. I have a graduate degree, certifications, 15+ years of experience, I stay current with technology (not a dinosaur), I live in the suburbs of major city, etc yet I'm still out there. I am not the only one from my group, some are back to work but took significant pay cuts working for smaller institutions, others are doing odd jobs, others went back to do extra certifications/school, etc. So if there's a strong signal your team will be impacted, I suggest you to start looking and start saving money. It's wild out there, it's as bad or worse than the 2008 crisis. This is not fear mongering! If you have some savings and have stayed many years at citi wait for the package, its good and will give you a buffer but if you don't have a money cushion then don't wait and start looking. I will add, I have kids and no other potential employer has match Citi's health insurance (as expensive as it's) so bear it in mind.