Thread regarding Citigroup Inc. / Citibank / Citi layoffs

When YEA starts?

by
| 631 views | | 3 replies (last October 25, 2024) | Reply
Post ID: @OP+1v7Uh9y3

3 replies (most recent on top)

YEA was likely completed in August by Snr Leadership. As per BAU, the perennial 'select few' will be anointed as 1's or 2's, and the rest will be placed into the VC / CS bucket.

Just like last year - there will be some who are assessed who will be kicked down, so I would expect some 3/4 ratings as well - all to track to the target of a RIF of 20,000 by EOY 2026.

What is odd to me is the fact that the self-appraisal and client / peer feedback is effectively useless. This is supported by the fact that the Management groups already make a decision regarding year end performance independently of considering the employee self-assessment. This problem is exacerbated bcs rating is tied to compensation - the process is broken and VOE is utter b u l l s h i t.

by
| | Reply
Post ID: @3opp+1v7Uh9y3

Year end? January.

by
| | Reply
Post ID: @2bxk+1v7Uh9y3

Do you mean year end? If so, now. Self assessments should already be in. Calibration is now or done. YE discussions are generally in Jan, same as bonus/raise conversations.

If you don’t mean YE, then wtf does YEA mean?

by
| | Reply
Post ID: @2oyf+1v7Uh9y3

Post a reply

: