If you have been laid off, have they offered a proper severance package or are curtailing it?

https://twitter.com/TheLayoff/status/1772526478296821940

Is it as bad as yesterday? I have a feeling it's a much lighter day, but I could be wrong.

As was reiterated in eFinancialCareers today, it is likely that most of the layoffs are yet to come. This will be a protracted process for the next 7 quarters. So the "closure" we get this week is only worth so much. I think we have to get used to... — read more 

It seems many departments are shifting people managers to IC's and then their director reports along with them are now all reporting to the same c13. Now the c13 has people in 3 to 4 different ranks between exempt and non-exempt. Are the ranks... — read more 

Got very little sleep last night stressed about a 1-1 scheduled. Turns out there were other participants, hidden and for all of us it was an org change. While the new role might not be what you signed up for, it’s better than a layoff

Those guys provide no value to the company at all. From them you get either no answer, busted links, a link to the FAQ which is filled with guess what…more busted links and eventually the HR chatbot. If that’s as good as its going to get you... — read more 

If any AVPs have been laid off, please share. Have you heard anything about the AVP role being eliminated company wide?

I find it very interesting that many people who are getting laid off are older workers. Many of these people have been at citi for 20+ years. Citi is purposefully losing decades worth of institutional knowledge. This place is too process heavy. It's... — read more 

What should we make of this? Anyone laid off and it was not a 15 min call slot?

Lots of recent (2-3 years ) hires targeted. Saving Severance.

After laying off a lot of breadwinner this week, she will hold up high her wine glass to toast and tell some jokes.

Been nice being employed, I guess. To those layed off so far, what was your meeting invite name? Not even going to be hopeful, I know I'm being laid off, but I'm curious how it happened for others.

All India - High level SVP's and Directors are major targets

Has anyone been told they will be moving from individual contributor to people manager but no clarity on c level move or compensation?

Take it with a smile. And continue your life. But...if you don't like your boss and have no plans to ever reapply again, and it would justified to give bird with a smile.. But go in peace.

A 15 min meeting was scheduled with my team, AVP, VP and SVP. We are a relatively small team, would they cut us all at the same time or is that held individually?

Meetings were scheduled. Any insight into what was communicated?

Was anyone on PIPs notified of layoffs?

As an SME I would like to express to all that has recieved that oportunity Severance ++ Possible the longest holidays in a life ++ Forget about problems mindset ++ We have to stay and maintain Happy for You, I hope dollars wont be to... — read more 

Layoffs in California; on Zoom; 1/2 hour ago (12:00 pm Pacific)

This to encourage you seek employment elsewhere and quit so as to not have to pay severance. If you ask if your compensation will be changing, the answer you will get is “not at this time” or “as far as we know it will not be”. Key words “at this... — read more 

Any news of layoffs?

Any happenings in these locations. Dont see any such activity here but wanted to confirm

Is there any news on ICRM so far?

Our team all seems quiet - no update on anything yet

Can anyone share their experiences in London? Role, department etc. How was the process? Was it with HR, manager or above? Share anything really. It's dead quiet.

Jane’s email says it’s changes are happening starting today through Thursday!

Unexpected 15 min zoom meeting scheduled by Manager but I had a feeling it was time. Manager read the script, gave apologies and mentioned I was extremely valuable to the team. Whatever, I didn't want to hear this cr-p. Mentioned I should continue... — read more 

I thought and per the handbook, severance is one paycheck per every year you have worked. Now I'm hearing it's only 12 weeks? I've been with Citi 28 years.

Will they call?

Fellows, wanted to know if you heard anything for the team north of the border, some of the folks are sh-----g their pants

If you get layoff this week or know of a colleague who was let go this week please share! Add the State (NY, TX, FL, etc) and department (O&T, Risk&Controls, wealth management, etc)