Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Next layoff announcement in Feb or Mar?

Any word from seniors on whether or nof next phase of layoffs would be communicated in February or would it be in March? Specifically for US

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| 1761 views | | 9 replies (last February 20, 2024) | Reply
Post ID: @OP+1r5BUstr

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@1srd+1r5BUstr

“There will be announcements today for USPB Risk. Heard that they are pretty dramatic and the first step of a few that will hit through February.”

Haven’t heard any rumblings regarding this. Was there an announcement actually made? If so, which area within PBWM risk are being targeted?

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Post ID: @5uoa+1r5BUstr

Citi is like the company in the movie, Office Space, Initech. Initech hired a consulting firm like BCG to decide who gets laidoff. They decide after 15 minute interviews with each employee who will get the Axe. The similarities between Citi and this movie are sad, frightening and hysterical. Hence, the satirical black comedy genre. The consultants have NO Fvcken idea what employees work on, who's work is important, why, etc.. However, they insouciantly, subjectively, whimsically and cluelessly FIRE anyone based on trivial, incorrect and incomplete conclusions.

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Post ID: @3scd+1r5BUstr

There will be announcements today for USPB Risk. Heard that they are pretty dramatic and the first step of a few that will hit through February.

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Post ID: @1srd+1r5BUstr

March 22nd

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Post ID: @vkz+1r5BUstr

March.

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Post ID: @bjg+1r5BUstr

@trn+1r5BUstr Being fired and let go are two different things. With the latter you get paid Warn and severance

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Post ID: @yqa+1r5BUstr

If management decided to let you go then why they have to wait... you will be fired on the same day... :)

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Post ID: @trn+1r5BUstr

End of March

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Post ID: @mqx+1r5BUstr

March

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Post ID: @skf+1r5BUstr

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