#concern

Just to confirm, this will be implemented to track us and help them get rid of us?

But why not Ajay?!

Should we worry that there are more cuts today after all? Could he be wrong?

Citi is on a path of steady decline. It will keep shedding employees, it will keep shrinking until there's barely anything left of what once was. And then even that small remaining piece will collapse and take whoever is still there with it. So here's my advice. If you're smart, you won't wait around for that to happen. You'll be long gone before the end.

How likely is it that they eliminate administrative staff? On the one hand, they wouldn't function well without us, on the other hand they constantly underestimate how much operational impact we have. I'm just getting tired of worrying about job stability every couple of years. Maybe it's time to take the exit. IDK...

Sooner its gone the better. Does anyone know when?

Is anyone fed up with the rampant stupidity of this group? Forget diligence because that would mean they would need to actually work but what loser approved cerevasc? That company is a scam and these mo--ns in corp dev are clueless who keep repeating the same old tricks again and again to drive the company into the ground

Just had asset protection visit our office and do a presentation on how reports and investigations are handled!
I have been here 27 years and I have never seen these guys show up somewhere in person and usually you didn't even know they were here!!
Very suspicious they would even have a meeting with our group, has anyone else had this happen to them?
they even had a Q and A session after on their procedures.

Is this Invest Cloud partnership in Wealth all smoke and mirrors? Is wealth being sold to Invest Cloud?

Someone mentioned on this forum not long ago that the executive board wants to take the share price below €100 so they can have more layoffs. It seems it's on track to do that. This AI obsession with price increase makes no sense. What is the tipping point for them to start layoffs?

Having 2 months to dread on this is horrible. Has anyone heard any numbers on how many people they need to remove? Departments getting hit? Anything?
If you're taking the VSP, what company are you trying for?

Is this return to office in September an attempt to get moreee people to quit? Anyone able to get out of this?? How???

My manager told me not to submit it as we had regular 1:1, should I be worried?

Anyone get surplused today on the COR side?

Are these guys tone deaf??? They just sent an email with USBank India and how this new guy they hired will make USBank India great again.

So those of us on Operations are all going to to lose 0ur job to USBank India and they send this email out about how great this new guy is shipping all jobs to India and Philippine

Got notified but why I have to work until 7/1??? Makes no sense

We can’t wait to get outta here….behind this trapped door

Like all of you, I have been anxiously evaluating my options. For ME personally, my VSP was pretty mid, but I'm early in my career... walking away from a good job and title with a little bit of cash isnt that bad. my big worry is that they boot me earlier than September 1... not a fan that the VSP numbers may "vary." We have no leverage in this bargain other than to stay to make it more difficult during restructuring. The risk of lay off is scary... a few departments have already restructured in the past two years, so its hard to imagine they will even accept my application... Not sure how to feel about the paranoia associated with applying and being added to some "list." If anything I think this is an attempt to shed as many high earners and potentially replace at lower salaries? Idk... I hope everyone is ok lol

Is leadership checked out in other markets like the PNW or is this a local problem? The last year we took a nose dive..

Safe to assume its more bad news for the employees, what with the recent hush hush layoffs crossing many parts of MDS…

I just had my 6 month anniversary on Monday so obviously I am not eligible for the VSP. I am thinking there is a good chance I will be laid off by September 1st? Do you think that is how it will go?

Hearing about layoffs and people being notified in at least 2 groups. What is the extent?

I have a very fuzzy charter right now. I feel I was left behind to ensure nothing breaks, but with each day it seems my work is not likely to meet the never ending evaluation. All this to say, I don't really have a job right now. I'm in limbo.

Has there been any word on July round of layoffs or cuts? Did all 3000 employees get notified before? Or will some of them be notified before fiscal year end?

I’ve been here a year and a half no email yet…

My old company used PIPs when it wanted to get rid of people without paying them severance. It's always possible to find something, anything to justify it. The way things have been going here, I'm starting to worry the same thing will happen. Am I wrong?

Anyone worried about payday this week. Got a bad feeling about it.

I feel like crying. I really wanted this option. Fu-k my life.

Disloyal, sneaky and incompetent. Does the Truist boatd want to tank their stock?

No email yet. Does that mean I’m safe? Are emails being rolled out thru the day? I’m mid age, 4-5 years in, and nobody special so wondering why I’m ineligible if that’s the case.

I just opened my severance package, and I’m honestly a little flabbergasted. After being employed 8 years with the company, my offer is less than $25,000.

What concerns me even more is the wording. It keeps saying “you may” instead of clearly stating what will happen. Nothing about it feels guaranteed, which makes me question whether they’re actually committing to what they’re offering OR trying to to terminate me prior to the Sept 1st date.

I’ve been in enough high-level meetings lately that I can’t shake an uncomfortable feeling. I’m not saying the company is doomed. I’m not saying tomorrow is the end. But I am surprised more people aren’t talking about some of the warning signs. When every conversation becomes about cost cutting, reorganizations, efficiencies, and “doing more with less” while long-term investment, innovation, and employee confidence take a back seat… it’s hard not to wonder where this is headed. Maybe leadership has a bigger plan that isn’t obvious yet. I hope that’s the case. But sometimes companies don’t collapse all at once. They slowly drift there while everyone convinces themselves the next quarter will fix everything. I could be wrong, and I genuinely hope I am. But if people in the room are uneasy, perhaps it’s time to start having honest conversations instead of pretending everything is business as usual.

First quarter bonus didn’t show up. Then they said they are working to resolve the issues. Is there a date by which this will be resolved?

bla bla bla A I bla bla we think about future and consider significant layoffs globally.

no decisions, no dates, but polish site future is unclear. Did other EU/US get same msg today or only us?

PS. guy who came was from powerflex and spoke to whole R&D site.

Are you remaining employees seeing the pattern yet that is happening across the health insurance industry?

Some saw this pattern 2 years ago and tried to speak out on it “team” calls but fell on deaf ears.

But I imagine, based on what I have been reading on Humana’s, Elevance, United Health, Optum, Cigna, Centene that you probably by now see what the overall strategy in personnel reduction and/or replacement.

It is most definitely a strategy and not in employee’s longterm best interest.

I don't understand how newly hired automatically get to stay:/

On a day when the Nasdaq was up 3%, OTEX was down. That’s a major warning sign that institutional ownership and interest is poor. A rising tide should float all ships. The market isn’t buying the OT story. The upticks since earnings have dissipated. The upticks from stock buybacks have disappeared.

No sales of the non-core business units = no ability to pay down the debt. Best of luck to all my friends still hanging on (most of my colleagues of 15+ years are gone). There has to be some major changes or the long term outlook is a continued slow sinking of the SS Barrenechea.

Hope not, she has ruined FIG and it will be a drag to the financials for a long time because of her inability to lead

All these posts are full of trash talk. We have all been here before and expressed all of our opinions. I just want to know the rumors/facts people have came across. Do you know what teams are being hit by layoffs?

What are people referring to? Have seen a few posts about this. I also missed the town hall where I read in a few comments that it apparently broke through a couple of times