Thread regarding Citigroup Inc. / Citibank / Citi layoffs

11 replies (most recent on top)

I got the same ock of cheese...sigh

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Post ID: @134+1kg7b2hkf

No, nada

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Post ID: @xq+1kg7b2hkf

15 percent and 3 percent increase

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Post ID: @xp+1kg7b2hkf

For some people flat. Others up and some down. Overall flat to slightly up.

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Post ID: @wy+1kg7b2hkf

@am What severance package if any were you offered?

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Post ID: @d0+1kg7b2hkf

If someone thinks higher rating gives you higher bonus , no you will be disappointed. Rob Peter, give to Tom is the game. At group level it’s flat. They give 0 to who they don’t like and reduce to people to encourage to leave. I was told so too … encourage.

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Post ID: @cp+1kg7b2hkf

They are giving out zero bonuses to many of those on upcoming layoff lists...hoping people leave prior to the Feb, March and June layoffs scheduled so they can avoid paying out severance.

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Post ID: @bm+1kg7b2hkf

Got a 2/3 but was RIFed this month. They said all benefits I earned will still be provided yet I did not get my bonus.
They said bonus is performance based and being RIFed is not.

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Post ID: @am+1kg7b2hkf

@a4

Bonus variations between ratings in back office are not significant, +-10%, robbing Peter with 3 rating to pay Paul with 2 rating. But in our team variation with respect to previous years was almost 50%, that can't be down to rating only...

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Post ID: @ae+1kg7b2hkf

It is based on your year end rating. ‘What’ is how the bonus is distributed. The manager said pool is flat in mid back office. But 2 got increased, 3 most flat in my group

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Post ID: @a4+1kg7b2hkf

Bonuses are not equally affected, it depends on teams, etc. I can say that in middle office they were down by quite a bit. In my case 50%, I almost got the same bonus as someone one level below. Seems like they want me out.

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Post ID: @a3+1kg7b2hkf

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