https://www.businessinsider.com/citi-jane-fraser-memo-old-habits-performance-job-cuts-transformation-2026-1
Accomodation request
I requested temporary medical accommodation and received layoff notice in few days. Also no one responded to my medical accommodation Request, not even an acknowledgement. Is this driven by this?
Are layoffs done for the 1,000 that was reported externally pre-comp?
Heard internally 14th was layoffs - 15th comp day. What is everyone hearing?
From an Offshore location, Team Director told the whole team to be available for 1 hour tomorrow morning (15th)
Does this mean the whole team is getting fired? or is this just for some team structure change, no invite on calendar. Very anxious
Layoffs are considered a failure of management but you pay the price.
Its either bad direction that failed and\or improper forecasting. JF though plays by different rules. According to her….. . “We are not graded on effort. We are judged on our results,” she wrote, adding she expects “the last vestiges of old, bad... — read more
By site?
Do you think cuts will be determined more by site/location or function? Or both?
Tampa
Laid off. Anyone else in Tampa?
Notice period for voluntary separation (SVP)
I finally found something else. Took me 9-10 months. I don't remember what I signed in my contract in terms of notice period. Is 2 weeks enough for SVP or it has to be more?
Severance details
What's the pay at SVP level? 60 day notice + 10 or 12 weeks pay?Do they pay for any carry over vacation + accrued vacation for the year?
Comp day has arrived in APAC
Compensation calls are beginning in APAC region, good luck all
Whos been laidoff?
I'm hearing Boise Idaho, I'm in San Antonio but haven't heard of anyone here being affected it looks like SA was exempt this round but we have confirmed layoffs for SA in march
Any changes to the severance?
If people affected feel comfortable sharing.
Good luck to everyone
I hope those who want out get laid off, and those who badly need their jobs get to stay. May everyone get what they need. That's all.
Laid off today
Got the boot today, best thing every happened to me. Thank you Citi! They plan on canning everyone on Transformation projects. They said lay off are due to AI. What AI? All data exists in excel sheets and not even applications. Citi doesn't care to... — read more
Godspeed Boise
Just heard from a friend in fraud with a C05 position that they basically laid off everyone in Boise Idaho.
It just started guys...best of luck
TRM requests started going on....
does anyone know what department is being cut?
I'm in fraud analytics and a bunch of my coworkers got pulled in for a surprise meeting today, one I was not part of and I'm extremely anxious and on edge. Has anyone heard anything yet? There's nothing out here that will pay me the same as I make... — read more
Citi not paying promised severance - anyone else experiencing this?
I was laid off in November and still haven't received severance. It is difficult to get ahold of anyone in HR. Anyone else experiencing this?
Advice for those facing the new wave
I was let go last year along with 200+ people. I considered myself lucky cause at least we got an informal notice ahead of time and that allowed me time to make financial decisions. Last day of work was end of March, followed by 60 days of pay work... — read more
Worries and woes everywhere.
Everyone is on edge, wringing their hands hoping that all will be well in regards to their employment. Lots of naysayers out there. Lots off people who desperately try to sell that its not use to look for jobs elsewhere. Lots of people who try to... — read more
NYC WARN
Does anyone know the link to the NY/NYC WARN notices? I can find for 2025, but I see nothing posted for 2026 yet, whereas NJ already has listed... https://www.nj.gov/labor/assets/PDFs/WARN/2026_WARN_Notice_Archive.pdf
1K layoffs are being reported by the media too
They're happening this week. But do we know if all the cuts are US only?
After effects
Will I get "rewards" for going to HR for re-evaluation ? (Did not hear back from them)
Layoffs can be painful but:
I hate to see these layoffs but I recall the high flying days of 2002 - 2006. The stock price was >500 (adjusted for reverse stock split). Shareholders were hosed for years due to mismanagement at C. Jane is, I believe, doing what is necessary to... — read more
Woo Hoo
Finally some good layoff news. Per Bloomberg Citi is severing 1K people this week. US centric. Pick me before I retire please. Also FIRST!
Bonus day on tuesday?
Hearing rumours that bonuses will be communicated tomorrow - anyone else heard the same?
Does Citi actually have a plan
Citi feels like a company moving without a clear direction. Decisions seem reactive and disconnected from what teams are dealing with day to day. I keep waiting to see a real long term strategy show up. Open to being proven wrong, but I am not seeing... — read more
Its all by design, my suggestion is to fall for it.
The automatic rank everyone lower… The place people on PIPs….. The lack luster severance….. Its all done to run off people to avoid any severance payouts AND it’s all designed to recoup money. 1.2 billion $ Russia mistake…the AI promise of cost... — read more
One 4 in rating (all others 2 or 3)
If you got a 4 in only one area. The "how" . How does it really impact you ? I know people thag have had 4s stick around for years. But this was before the aggresive cuts and bora bora
Irving 3 Days a Week March 2nd 2026
Knew it was coming
Year end review
If you get all 3s, do you think you will get a raise? How does that work?
I’d like to see Citi do the classy thing but alas….I doubt it.
I’d like to think that Citi would provide the usual severance package that they’ve done in the past rather than a scaled down just two weeks only. I’d like to see Citi NOT put the squeeze on people to run them off so as to NOT provide a severance. ... — read more
To everyone who got a 4
Start looking for a new job if you got a 4, you will be part of the layoffs/rif this year. It will come in two waves. End of January and in March. Prepare now for your exit with Citi if you got a 4.
Idea…every one should quit
What if every AVP, VP, and SVP quit at the same time? You think Ds and MDs know what to do? They hardly lift a finger and will have to actually work to earn the money they get 😂. Great idea to float with our teams.
Jan 14-15 layoffs
If one gets let go next week as part of layoffs, does person still get 401k match from 2025?
Citi cites $1.2B loss on Russia sale
You don’t make up for that loss overnight. I remember when it was considered a bad idea to throw money into that region but Citi “saw an opportunity” and it turned out to be a 1.2 billion $ mistake. Gotta chop the heads to make up for the loss. ... — read more
How’d we get here?
The truth of it all is this…. Other banks made the bold claim that by the EOY there will be tremendous cost savings. Citi, like so many times in the past, did not want to be left out, so they made the same boast. Needless to say, its not unfolded... — read more