Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Wealth MCA - what’s happening?

Several teams within the Wealth MCA were asked to be moved to other areas or functions. Anyone knows what’s really happening there? Do we know if they need people to continue doing MCA related work in Consumer and Private Bank within the Wealth? Very... — read more 

Reorganizing with Cronyism

a reorg to move people to the managers they like... push out others...force them to find new jobs ... force them to do something else...

What is happening in CPB and IPB?

Heard a lot of staff in the CPB business are now changing roles and have new positions in IPB. Are those two LOBS combining? Or are they doing away with one?

Why is there so much conflicting information?

“ Citi people who survive this week might be tempted to breathe a sigh of relief. However, this could be premature. This is just the end of phase one. Citi said in January that it plans to cut 5,000 jobs from the managerial delayering, 5,000 from... — read more 

What made them decide the list

Someone on my team got put on a PIP in January, and since then they basically gave up and would only get very little done. But they didn’t get impacted this round, while another team member who’s one of the top performers on my team got laid off. The... — read more 

Layoff impact on DEI Objectives

I was luckily not impacted, but noticed something interesting that the recent layoffs will almost immediately help Citi hit DEI goals outlined by Jane in 2022. Maybe just coincidence, but have not seen one DEI employee impacted. ... — read more 

Prepare for a reduction in pay.

Those notified of “you’re no longer an AVP or VP”….you’ll see it affect your pay. Management has been told to not bring it up unless asked. I have no idea as to how fast this will happen but it will be taking place.

I hope...

All the sh---y middle management and Yes Ma'am MDs stub their toes every night for the next 6 months. You're all pathetic weasels.

I thought it was over

I was under the impression that everybody who was supposed to be notified in this round was already notified in the past two days. Now I'm seeing more mentions of continued layoffs. What's going on?

Not out of the woods yet

If you have a job on April 1st...and aren't canned on that day...aka make it to April 2nd..your safe. Then comes October and December ha ha ha... Then comes Next March....the October and December...2025 Then one more trip on the faeries... — read more 

Is BCG targeting visa holders?

Anyone with a broad enough view / observations on the issue? Is visa/immigration status a major input into the decision making? It would make sense to be the case. But who knows.

Worth The Time at Citi Now

Those who left now, will you continue with Citi given uncertainly in future or seek other options outside market? if stay with Citi, will you take extra mile?

O'Fallon Site

Do you know if anyone got let go from the O'Fallon site?

Anyone still going into the office?

I would rather spend my lame duck period in the comfort of my own home but don’t want any issues or concerns with potential violations to the mandate. Are any of you just staying home? Especially in the ny area

To those of us let go effective 4/15

I was told I need to work until 4/15. Are any of you actually working? Weird that they didn't yank our access when they told us we're being laid off. They want us to do "handoffs." Yeah, ok.

Irving office

Do you know if they fired people from the irving office- Dallas

Confirmed

SVP roles in my part of Risk are being eliminated. Many 1 on 1 conversations with people, they are being offered demotion or leave.

Poland D-Day today 27 March

Office communication today in Poland, 485 to be laid off out of 7,000 total. 1:1 or group reorg update meeting scheduled for most of employees today.

New Role Communication

Does anyone else find the way role changes were communicated as lacking in empathy? Meeting set up by new managers, with old manager as optional. Not being informed until the meeting that your directs would be reporting elsewhere. Your directs being... — read more 

Everyone at Citi is an SME

Just an observation, everyone that works at Citi claims that they're an SME. Business analysts understand Microsoft PowerPoint, not economics; developers understand copy/paste code from stack overflow; metrics owners need tech assistance for... — read more 

O'Fallon

I heard O'Fallon got hit hard.

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severance package

other banks in wall street typically offer 2-3 weeks of salary for each year of service plus new york mandated 3-month notice period. so if you have been working for a bank for 7 years, you are usually entitled to receive 20 weeks salary plus 3... — read more 

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Lousy timing

Was this timing truly necessary? They had to do layoffs so close to Easter? Why? A few weeks before or after would have worked just as well, you can't convince me otherwise. This seems like an unnecessarily cruel and/or callous move by the... — read more 

History rhymes

Roses are red, violets are blue Who will be next? I bet on you As we all wait for news I woudl like to invite for your poems nothing offencive, just to laugh

Got Cut

I got cut today (Tuesday 3/26). My long-standing manager went through a formal script with me. After spending 8 months training a new resource, I was informed that my role was being eliminated (oh, what a word). I had a ton of work on my plate, there... — read more 

Friendly heads-up . . .

As was reiterated in eFinancialCareers today, it is likely that most of the layoffs are yet to come. This will be a protracted process for the next 7 quarters. So the "closure" we get this week is only worth so much. I think we have to get used to... — read more 

People managers becoming individual contributors

It seems many departments are shifting people managers to IC's and then their director reports along with them are now all reporting to the same c13. Now the c13 has people in 3 to 4 different ranks between exempt and non-exempt. Are the ranks... — read more 

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