Someone on my team got put on a PIP in January, and since then they basically gave up and would only get very little done. But they didn’t get impacted this round, while another team member who’s one of the top performers on my team got laid off. The top performer has the same title as the person on PIP so I assume that they should have a similar salary range. I was really confused about this. What made them decide the list?
10 replies (most recent on top)
I got assigned a project I have zero experience in, as the shortage of the medication I was on to help me focus made it so I had to go 4 months without meds. I got blindsided with a low rating and to no surprise my role was eliminated.
It's not hard to see coming, every team role that opened up was replaced with a contractor in India or Eastern Europe. Plus my manager that was my biggest supporter left, after his promotion was pulled out from under his feet.
My call letting me go was about 2 minutes long and the higher ups actually said "well if that is all, I'm going to end the call. We have other things to do". I'm shy of ten years at the firm and I am just flabbergasted.
Pip could be a by product of health issues the year previous. So making redundant would open risk of lawsuit of wrongful termination? Plus the harder worker was likely paid more, and citi need to cut and gut their financials.
Management are going to keep their loyal soldiers and promote their own. That is how they keep the status quo. It is obvious to see. Directors and SVPs managed none and now they have the minimum. High performers are not part of the equation. It is not good and seems so unfair but they like it.
I think PIP will be fired other than layoff. I do not see one survived from PIP for ten years
It all depends on how good you smooch pickles
it's because part of the reorg is to put corrupt managers in their place. Perhaps the pip employee was good but corrupt management gave them a bad rating. Normally that employee would be on the way out. but the manager is in trouble now
I've learned first hand the layoffs can be completely random, in the Feb of 2023 layoffs 2 people from my team were laid off. They were about average for their scorecard, but at the same time we had the 2 bottom performers not just of our team but the whole department who were both on Pip from performance and they didn't get laid off.
Your job is safe if you have your MB blessings, they don’t care about talent and performance
The plan was 2 fold, one was to reduce costs. Many areas of the bank were bloated and/or under performing. These areas needed cuts to save money. The other part of the plan was restructuring. Jane only wanted 8 layers and a minimum of 6 directs for D and MD's. In many cases bodies were needed to meet the 6 people requirement to flatten the org structure. So even people on PIPs are bodies needed to meet the headcount. This whole thing has less to do with actual people than it did with cost reduction and org structure. So it all looks good on paper to Feds and Shareholders.
Nobody cares about your performance. It is time to settle accounts.