I know this is an irrational fear, I know we know we are done for the year, but I still have this feeling I can't get rid of that's making me think they're gonna drop even more cuts on us as soon as next week. I'm this close to quitting and accepting... — read more 

anyone has more information on this?

And Citi is failing majorly.

Happy Thanksgiving! I know everything about Citi is bad right now, but don't let that prevent you from enjoying this day with your family. This is the perfect time to try and let go of this cr-p and recharge your batteries. We all know we'll need it... — read more 

Anyone actually know the reasoning on who exactly gets cut? Is it money, length of being there or what else?

Will I get at least 48 weeks of severance? Is there a cap? The language on the handbook is a bit convoluted.

There is no indication that these teams will be merged with any other

The RIFs will be non stop until the end of the Q1. Best to start looking now. May the odds be in your favor.

From another post but true all the same. Copy\paste job below. “What have you got Jane to lead us into the light” “I’m the first Citi female CEO” “Yeah, we know that, so what are your plans to bring in revenue” “We’ve increased hiring, necessary... — read more 

I am assuming MDs are not tied to the regular severance packages. What about Directors?

Did anyone get assurance at any level that even though there is revamp your role is fine? or are your managers giving ambiguous reply when you ask the question - what about my role? Curious..

The one thing that the big C has done for me over the years, is that it has made me numb to it all. Citi has made sure that I’ve been beaten down so much with the threat of an impending layoff that it no longer registers as a problem. Yes, I know... — read more 

We will likely have the next 'big' round at the end of Jan 2024; apart from the notice period, will any redundancy pay be given? I checked the handbook, and nothing is mentioned there. Thank you, and best luck, everyone.

i havent heard anything yet

Looks like the peons are going to bear the brunt.. The fat cats will keep their jobs..

I’m confused with different emails from each leader yesterday. Jane’s email said next announcement will be in early 1Q24, vs. other leaders’ email said they’ll announce next updates soon and finalize all at end of 1Q24. Are we still at risk to be... — read more 

All these people getting RIFd are going to be on the balance sheet for 2-3 more months from WARN, then add on severance pay lump sums on the back end of the WARN periods. So in January, Feb, and March, Citi will be able to say "we still need to do... — read more 

Or do we now have to accept monthly or at best quarterly layoffs as a fact of life?

These cuts are not the last, more to surely follow sad to say! Stay tuned.

Anyone know what’s going on w USPB analytics? They’re like a R&D dept that doesn’t deliver. Feel like something needs to change w them… every group in consumer seems to be creating their own shadow analytics teams bc the actual Analytics dept is too... — read more 

Hi, within the new org charts that was released today amongst all teams we cannot see past the director. So it is still unclear about SVP, AVP and analyst roles. How would we know if our team was impacted or not if their only showing the directors... — read more 

“ Fraser emphasized that executives are striving to move quickly to reduce uncertainty among employees about their roles. Additional phases of the overhaul will be announced early next year, with the full restructuring expected to be complete by the... — read more 

To my Citi friends getting bad layoff news this week; you will be fine, plenty of good opportunites out there. So, I was eliminated from Citi (job discontinued or JD'd in Citi speak) as I was only person in my team not near a "go-to" Citi office... — read more 

Like many who read this story, my thoughts go to all those facing the turmoil of redundancy in a week when we're supposed to be giving thanks and 5 weeks from displaying festive Christmas spirit. Those involved in all aspects of these events know... — read more 

Any MDs or SVPs being impacted in the US?

We haven't heard anything from our SMT.

Citi is in a downward spiral and it is in all of our best interests to start looking for a new job. Even if you make it through Janes rolling RIFs, the stain of Citi will always remain.

CRIU (AML) in Tampa, does anyone know if analysts should expect layoffs this week?

I don't take the lack of layoffs in December as a kindness or some kind of a Christmas miracle. I highly doubt that's how it was meant. I just take it as another full month of having to stress and worry and see my blood pressure go up and up. If they... — read more 

Just curious how far of reach this site has.

Heard some rumblings about aml getting hit hard..

This will get worse before it gets better.

Seems like HR is finally seeing some major changes. Can anyone in that area comment? Looks like Chief HR Lady is losing two direct reports, and many of her direct reports are losing people?

Or if not, then it means they want employees to sweat and stress and feel lucky to have a job

I see there is no longer two Co-heads in GFT. Is James Linnett going to diff area or he is gone?

Right now they are merging departments together and getting rid of top level management then after this is done, whoever is left at the top, will look at the rest of the people in their group, and then decide who gets laid off. This would include vps... — read more 

1: Fascinating the number of MDs in Risk alone who have "Transformation" in their title. Three levels down from Jane, in Risk alone, there are four such people, three of them in ERM alone. 2: How is that ERM saw almost no changes to its MD list?... — read more