Curious if there would be a notice period for those who will be laid off in Nov? If so, how long? 45 days or more?

Likely layoffs next 2 weeks More layoffs 2nd/3rd week Dec More layoffs mid January Layoffs in Feb, Mar, Apr Done by May w/ 12-15% reduction Stock price down and stuck Low productivity and low morale thru out 2024 Jane... — read more 

So Citi “tries” to meet the market standard when it comes to salary for top talent. They are at best low to average in that area. Then later, they decide to layoff or run off people for whatever reason. Often times they run off people making the... — read more 

I'd rather know today if I'm losing my job than speculate and worry for the next few weeks or months. This is going to be a true nightmare.

Does anyone know if Citi gives 90 days non-working notice to employees being laid off in NY? If so, can I claim I’m still employed while applying for other jobs within those 90 days? If I land smth and the new employer does a background check before... — read more 

I heard the executive “leadership” team is going to Bora Bora after the org change.

The Layoffs will happen in January citing Performance as reason and NO Pay raises. People will be tempted to move themselves to save Severance cost.

I was offered a job recently. What are the chances of the offer being rescinded?

The stock price is down 40% since she’s been in office. Citi went on a hiring spree under Jane’s direction. Now its deemed that we have too many people. JPM has more employees but has a much better return on the stock price, balance sheet and brand... — read more 

Why is the first time I'm hearing about it through the news?

Has anyone had their annual performance meetings yet with their manager? I'm getting concerned as mine hasn't happened yet. Shouldn't it be before Thanksgiving?

If you are over 50, your chances of being laid off are automatically higher. This has nothing to do with age discrimination or anything like that. The fact is, the longer you've been here, the more you make. And when the goal is to cut costs, those... — read more 

For people who have been laid off from Citi, what sort of severance package did you get? Did you get severance pay, and if so how many weeks' salary per year of service did you get? How about health benefits, are those immediately cut off or can you... — read more 

Anyone knows/heard how they’re determining who would be let go? Are managers of each team giving their suggestion on who should be cut from their team? Does it get to that level? Or is this being determined at a much higher level by senior management... — read more 

QA teams and organizations are going to be heavily affected. Developers to take care of QA during coding

Heard from insider. If you have H1B visa you should be safe. Reason being that people on visa will have to leave the country if they can't find another job in 90 days. Company si trying their best not to destroy people's lives.

https://www.thelayoff.com/post/@OP+1psQ2Lmb

This is now getting ridiculous. I refuse to stay at a place where I have to worry about layoffs 24/7/365. Enough is enough.

Around 10% is being considered according to; https://www.cnbc.com/amp/2023/11/06/citigroup-considers-deep-job-cuts-project-bora-bora.html

I don’t think there’s a word invented yet to express how little they care about the emotional, mental, psychological effect a layoff may have on anyone before, during or after the holidays. Don’t kid yourself by thinking that they do. You can... — read more 

Citi already had the worst culture, this is not helping.

Anyone with any insight?

What is use for app manager role in CITI

I’ve ready different articles that I think may be right on money. Basically, with the advent of AI , the first round of jobs that will be affected is HR. From what’s being tested, AI has a really high success and accuracy rate on performing those... — read more 

Layoffs hit today. 6+ people from the org are gone.

Asia head of O+T has gone. So it is happening. They did say November people.

Layoffs…..recession….2nd round of layoffs….blah…blah…blah… Oh sure Citi will use fear to enforce coming back into the office, working longer hours, doing more with less and even shortening deadlines. That’s a old page from the Citi playbook. In... — read more 

- does anyone know about the HRA? Its a Health Reimbursement Arrangement but I cannot find any details on the amount per year or a lump sum. thanks

Lots of posts for Layoff, Citi, Favoritism, etc.... Think of a few points Citi stock is around $38, which is far lesser than $60-70 it was earlier. Definitely the company is going less in stocks. Check the Finance sector and its futures. Its... — read more 

Is this true? With 250k employees that's about 15%. How many in the US ?

The article says maybe 2K more will be let go outside of the 7K already laid off. Good guess? https://www.fool.com/investing/2023/10/27/citigroups-quarter-its-complicated/

Ensure proper shuffling of people. Even cards require proper shuffling before next play. Remove Venoms: Ensure no 2 persons are working together for more than 6-7 years together. if so, there is clearly a bias in the org. One person is just the... — read more 

Those who have been laid off already - what is the notice period you got? I.e. were you told “today is your last day” or given 3 month notice? I am hearing that for those in NY WARN act should be applicable based on which they need to provide... — read more 

This includes Jane. Time for some new blood in the leadership space. Old ideas need to be kicked to the curb and open the door for the new ones. One thing for sure “more of the same” is not working.

you guys do know that there are people out there who aren’t even in the financial industry, who do nothing all day long but log into such boards as this and stir things up. Every few months making a post of “layoffs in two weeks” and sit back and... — read more 

Wish I could be a fly on those walls.

Anybody know anything about someone getting fired for posting on Social Media? Head of HR just sent an email and I am nosey.

I rated myself exceeds.

Stock holders could care less what you do…so long as the stock price goes up which it did not do. Jane being the first CEO etc… wanted to continue to break the glass ceiling, and wanted to really set a standard as an innovator. She focused on ESG... — read more 

I used to like working here. We were encouraged to work together and help each other. Now it's every man for himself. I feel like managers are now trained to throw you under the bus at any opportunity just to protect themselves. Add to this the lack... — read more