Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Anyone Has Any Idea about Next Round

Does anyone know when or what is next? So far it is not clear who is in and who is out as the Org Structure is only published until L4 or L5. When will they publish more details ?

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| 2561 views | | 14 replies (last February 2, 2024) | Reply
Post ID: @OP+1qQXF7yz

14 replies (most recent on top)

Sorry .. I should have asked if you meant levels of employees. EMT through EMT-8

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Post ID: @2lqc+1qQXF7yz

I don’t know what L4 or L8 means

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Post ID: @1sgt+1qQXF7yz

Do you mean L4 all the way to L8 ?

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Post ID: @1bqx+1qQXF7yz

The next round will include phase 4 all the way down to phase 8.

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Post ID: @1ydz+1qQXF7yz

Total lack of transparency. Communication stopped. Managers are nowhere to be found. Meetings are often cancelled 1 minute before or no shows. Respect for enployees gone. Massive confusion. Nobody knows anything meaningful.

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Post ID: @1rha+1qQXF7yz

Very valuable insights. Thank you all.

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Post ID: @1keb+1qQXF7yz

Phase 4 just started with all decisions and subsequent moves by end of March as expected. This will involve 13s and 14s too. Doesn't mean just layout but moving chess pieces too.

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Post ID: @1iks+1qQXF7yz

There are many Directors who are not in the org chart? Does this imply they are out or will they just report into another D (layered!)

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Post ID: @1yoz+1qQXF7yz

MDs are legit on the floor looking at and discussing org charts today and what C level they need for which roles. So not any time soon.

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Post ID: @1kbp+1qQXF7yz

February 14 because Citi loves its employees, and March 15 Ides of March.

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Post ID: @1arm+1qQXF7yz

Starting Feb 1 till April

Managers are asked to layoff people by any means they can save money and severance. Beware you don’t fall into any traps or fights

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Post ID: @szt+1qQXF7yz

3/31

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Post ID: @cin+1qQXF7yz

I would be very surprised if it's announced prior to President's Day Weekend. Gut instinct is it's taking them longer than expected to do, much like everything at the company.

Only question is whether there will be announcements in my division in both Feb and Mar, or just one of the two.

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Post ID: @mfs+1qQXF7yz

You will find out the week of Feb 26, or possibly before

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Post ID: @auf+1qQXF7yz

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