It's the same everywhere. New people come in at a discount, and people who've been here longer and cost more get pushed out the other side. It's not about skill or loyalty. It's about the spreadsheet. The room only holds so many people, and they've already decided which door you're getting pushed through.
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Never train your replacements and Never divulge trade secrets:
https://www.yahoo.com/lifestyle/articles/ex-employee-confronts-former-coworker-120000650.html?guccounter=1
To help you, Some Clues (Not all inclusive) to watch for if you're on the Layoff Hit List:
Your manager is aloof, doesn't give you enough work to do or doesn't give you the same workload as he/she previously gave you.
Your manager No longer schedules 1:1 weekly meetings with you.
You still have 1:1 meetings with your manager, but the meetings are either only once or twice per month, you discuss trivial matters during the meetings OR the meetings are short only 15 minutes.
Your manager is less critical of you than in the past, doesn't give you help or suggestions because what's the point?? You're Not going to be around in a few months anyway.
The above happened to me and 2 coworkers in Tech. We know because we compared notes. 2 of us were Laidoff on February 17 Tuesday.
Out of the 3 of us, 1 actually submitted his resignation letter/email on Feb. 17 Tuesday.
The "manager" wanted him to give a full 2 weeks notice & stay because he had critical work to finish in Tech. HR vetoed that & said NO. HR said his last day can be Friday, Feb. 20 which he accepted because he just wanted to get out of the Citi Insane Asylum H3llHole ASAP.
Employees are usually required to give 2 weeks notice so they can tie up loose ends & finish work. The only logical explanation for HR allowing the employee to leave immediately is the employee was on the Layoff Hit List anyway for the next round which was on March 4.
The employee would be accruing PTO-Salary for 3 weeks until March 4 which Citi obviously did Not want to pay because he quit anyway on Feb. 17. And so, Citi told the employee and his manager his last day will be Feb. 20 Friday.
@fy there isn't enough work to do to fill a 7 hour day, if so I try make it colourful. Seriously, people work 60/80 hours? Personally never made it past 5 at Citi in decades. Y'all doing it wrong.
@fp you really need to look for psychiatric help .
inserting yourself into every conversation blubbing about your useless pathetic existence to people who work 60-80 hours per week to provide for their kids is so stupid and irritating
BEING USELESS. I can do nothing and they still will not get rid of me. I signed in, worked on the lawn for hours (crabgrass terrible this year), ignored client emails (they asked somebody else later, good - his math was off) and went out for a nice Enchilada/Taco combo and a blended frosty margarita with the wifey and now here commenting on thelayoff.com. They will cut many of you busy people who feed families and pay rent, a few hundred in September perhaps. I'm jealous. That's the real shame on the firm. Same tomorrow but at least it's the payday.
Look underneath the EMT, from Row 2 to below all the way down..
The EMT are just Puppets of their majority owners.
Anyone who doesn't see or realize this is willfully blind and/or in denial.
@cv Citi ceo and chairman of board = white
Most of the board members =white
The Ceo's Exec Mgmt Team aka EMT is majority white plus some Latino/Hispanic.
Tell me again, how Citi is owned by Indians?
All of Wall Street knows Citibank is owned, majority 🇮🇳.
That's why it's failing and always at the bottom of the rankings pack.
If ranking banks were a marathon 🏃♂️Citibank is ALWAYS Light Years away De@d Last!
@cd Who audited the Boston Consulting Group? #BCG
Is there a scam behind these layoffs? Senior managers reportedly received generous exit packages while regular employees got delayed basic severance. Why were some laid off workers rehired? Were certain races and castes targeted? Why did layoffs disproportionately impact locals and citizens over immigrants? What criteria drove these decisions? #DOL
Exposing the hiring and firing scams at Citi driven by BCG inputs.
@bf half is an understatement. 90% of his team, including Rajen Shah himself, is thoroughly useless and a total waste of money.
I don't know what BCG did...they were supposed to have come back in 2024, after the intial downsizing in Sep 2023, to complete the job, but the hydra headed monster just grew back up again. Half of risk management, 75% of data and 90% of Rajen's team should have been chopped
That's why it's Des!bank.
I wish this damn place would lay me off. I’ve been waiting for three years.
@bf Why? any scam? can you prove? File a complaint with the DOL.
Half of rajen shah’s org should be cut
Usually new people fetch higher salaries, unless you’re referring to the offshore new people
Nobody cutting me! I'm blatantly useless but politics will force me to sit here, useless signing in, doing nothing, posting nonsense here, tapping out having done nothing but a AI generated report or two all day. Minutes. My effin cat did more far this week. Zero output yet Friday is payday, a decent check, thank you and all but I don't need it. Bet they cut YOU first, the fellow feeding his family and paying the rent. The Citi way I guess.
And can't even blame this on H1b.. Jane is as Lilly white as they come and it's her bottom line that matters more than anything else.. She's the ceo and chairman of the board after all... I feel your pain
.. If only this could somehow be blamed on those pesky Indians on h1b. Damn life ain't fair!!
Correct — shareholder supremacy, baby. Shout out Milton Friedman, u da best!! /s