Thread regarding Citigroup Inc. / Citibank / Citi layoffs

That's what happen if your job history is entirely banking. Banking jobs are generally unstable and "restructuring" happens all the time.

Get together your skills. Use AI to find them. What have you studied, implemented, planned, designed, facilitated, improved? What are you passionate about? You might be so flustered now that you need to take some PTO and just go somewhere and relax. Make lists of things you have done... things you want to do...
I discovered that I did so many things at this job that others swooped in and claimed credit.
Then determine what the gaps are. What do you know now and what you need to know for your next job. For me... as a tech guy I had to learn yet another language, python, microservice bus/event grids, and things that AI will use and need from us.
Everyone can do this now. Everyone that is "quietly quitting" should be upskilling -- now. Everything is positioning.

It is not just banks laying off, either.

Most banks and a lot of other companies are laying off. It's a tough market in our niche. I keep reading how job reports and unemployment rates are great. I can't see how given that lots of big companies are cutting staff.

Don't Quit Now.
The Layoff has just completed and people might treat you for the laidoff one and will low ball. Take 6 months time to prepare yourself.

First Decide what is your inner passion. You want in banking or tech or something else ?
You can make money in several ways. Trading, your own business, etc.
Do the groundwork for that in next 6 months
Quit
ALL THE BEST

Another major key is to 100% ignore the naysayers. Naysayers often wish they too had the courage to leave but they don’t. So they try to sell that you are stuck and you’ll never find a job ever. Example: “Citi is the best as its ever going to get for you so you might as well not even try.” I’ve read some pretty lame naysayer postings.

“if you get a job making more money than at Citi, they’ll probably scale back on your pay later so you might as well not even try”.
“they too might lay off later so you might as well not even try”
“benefits are better you say, well they’ll probably scale back on benefits later, so you might as well not even try”.
“they might allow work from home but I bet they change their mind later, so you’re better off staying at Citi”.

Ignore these guys. Sharpen your skills, keep improving and wait to move to another company that’ll pay you what you’re worth and appreciate you like you deserve.

The pendulum swings both ways, it just takes time.
There are phases to reaching both extremes, we are in one right now.

Employer side of the pendulum swing: Job marked it stale. Crack the whip, do more with less, tighten deadlines to squeeze more out of your employees. Enforce more stringent return to office. Be stingy on raises and bonuses, well except for Jane of course after all mama gotta get hers. Mention “layoff” or “managed out” phrases more often to instill fear with the undertone of “step in line or else”. Relevant training is NOT provided. You have no voice and any complaints are looked at as whining. <———-We are here now.

Employee side of the pendulum swing: Job market is HOT. Pay me more or I leave to go somewhere else for more money. Work from home is a perk to retain and attract talent.
Relevant training is offered. Managers actually start to listen and you have a voice. Emphasis on work life balance.

Eventually the pendulum will swing back the other way in our favor. Sharpen your skillset. Network outside of Citi. Save your money.Update your resume. Once the recession is over with, there’s ALWAYS a turn around months afterwards. Explosive growth and hiring across the board for all sectors. Expand your job search BEYOND the financial industry. A tech guy in Citi can be a tech guy in the medical sector, or retail, or transportation.

Example: I friend of mine went from being a firewall admin in the financial industry to being the firewall admin for Frito Lay. Yes, that right, the snack making company and they paid more than what he was making with work from home 4 days per week.

Example: Another person I know went from being a PM at Citi to being a PM at a manufacturing plant. Keep in mind that manufactures while not as heavily regulated like finance, also have tech people, number crunchers, PMs, risks and even some auditing.

Wait and be patient. Make your move when its your time.

In any company you can lose job if your salary is high / you are older / your performance is low / you are new in the company / your work can be done at a lower cost location / your work can be done by AI / your management doesn’t like you.

High job security in US is only for young and low salaried employees OR exceptional talents/performers OR employees who are liked by management.

However unless a company is closing or declaring bankruptcy, it never terminates more than 10% of its employees within a span of a year.

Whichever company you are in try to stay within top 75% performers and don’t rub your peers and management in wrong way however right you are.

All the best!

Everyone is trimming personnel. Though if you can transition to management of rapid bridge construction, I hear they are looking in Baltimore.

I feel the same way.
Hang in there. You might end up better after the chaos.