Thread regarding Citigroup Inc. / Citibank / Citi layoffs

@9uaw+1rWlmAhq - you can claim unemployment starting from 6/30 or 7/1.
If you are rehired at Citi (as a FTE ) within one year you return severance however, u don’t have to return if you join as a consultant.

Question here. I have heard and continue to read regarding Citi layoffs packages. Is it true that one will continue be be paid bi-wekly for a period of 90 days, through June 29, 2024 and THEN receive a lump sum after said date for 3 months pay? Thanks for any response.

Rule of thumb. You can’t double dip. You can’t tap into unemployment insurance if you are getting a Citi pay check during WARN period. Last employment day with company is in June. If you are rehired within Citi during WARN then you no longer get the WARN pay- that’s double dipping. If you are rehired after severance payout you don’t get to keep severance- that’s double dipping.

During the warn “ non working” period, you’re still employed by Citi. For those 60 or 90 days, you get your regular paycheck. So you can’t file for unemployment until after the non working period is over, you also don’t get severance until after that non working period because you’re still employed!

You’ll get paid for 60 days without working. On day 61 you file for unemployment. Your severance will be paid 30 - 60 days after your last non-working day. I was laid off last year so I have experience.

Sorry to tell but Citi policy is to return your severance if you rehired within one year.

This is a clear attempt to forfeit your Severance and WARN pay. Play it carefully. Heard the same from my friend who was let go recently.