Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Unofficial layering

Most level 6 and 7s are doing unofficial layering. The reporting lines are only for the Global directory. You never get invited to weekly meetings with your boss and made to report to your peer who was your boss in the earlier structure. Anyone facer... — read more 

NYC Employees: What are the severance terms?

Someone in another thread cited a "very generous severance package." I was under the impression that if you have only been with the company for a couple of years, you get 12 weeks of your base pay (i.e., 12 weeks of "notice")...and that's it... — read more 

Got out with a smile

If it's your turn or not, just your best and go out with a smile. It's just a job, it's not your whole life. Peace.

It's not just Citi

Layoffs, hiring freezes, and cuts in pay and benefits are happening all over the place. It might be a good idea to consider exploring opportunities outside of the entire banking sector. At least that's what I'm planning to do. There are plenty of... — read more 

If you get let go, take your 401K with you

Don’t let it remain under the Citi umbrella and count into the bragging rights about how much money they manage. Don’t let them manage a dime of it. Move it to another investment firm. If they drag their feet on letting it transfer out OR try... — read more 

8 Layer

8 Layer Only, see new ORG chat at O&T, too many fired from Selling Biz, mostly Consumer Exits, some big names gone!

Beware of 15 minute meetings

If your manager adds a 15 minute “quick connect” start packing your bags…

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Work From Home Next Week

Are they letting everyone work from home next week so when you're notified that you're laid off, you won't be able to make a scene in the office?

Belfast?

It feels like the calm before the storm here in Belfast. Very quiet - everyone feeling tense on our team. Has anyone heard anything?

Monday - March 25, 2024 - Layoff Kick In

Starting from APAC, EMEA, NAM and followed by LATAM, all layoff will be start including ORG realignment changes and moving of manager's or staff across them. Brace for it. List has been made long back and those impacted ones has been notified... — read more 

Unused Vacation question

How is unused vacation treated after layoff? Do they pay this out along with severance or should we use it before leaving.

Internal mobility question....

For people who transferred roles internally the past couple of years . . . what sort of pay increase were you able to get, if any? e.g., 5%?

Severance

For folks who debated working for themselves after a decade of managers who know nothing this is a blessing. Oh and getting severances is a cherry on the top!!!

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Whatz going on in London?

https://www.peoplematters.in/news/talent-management/citigroup-announces-layoffs-roles-including-managers-and-directors-identified-for-cuts-40683

It has Started

Organization communications started Role changes being communicated Managers to IC. Agree or let go Layoff communications next week Bunch of C13 staff will become C14 Salary hike for expanded roles People moving out and teams. Agree or leave Huge... — read more 

Voluntary redundancies

Do you know if any Team has a Voluntary redundancies Just curious, I think there are many employess who would like to take a severance and say bye As BCG is consulting Citi with those layoffs probably they influance a keypoints of reduction Is... — read more 

Suddenly have Zoom Basic

Tried to schedule a meeting and Outlook Zoom plug-in says I can schedule meeting up to 40 mins. I check subscription and it says basic. No idea what subscription was prior, but assuming it wasn’t basic since I’ve hosted meetings well over 40 mins... — read more 

PIP before layoff

Coworker and I received a PIP. What does this mean before the layoffs coming up? In our case looks like their avoiding to pay severance. What should we do, because their trying to sc--w us. Only been with Citi for a year

Stop moaning

Everyone, get a grip. It is not the end of the world. Plus many of you had a pretty good ride in the past 15y of money printing. Imagine how people like us felt, having proper top-class degrees / PhDs, experience, IQ > 140, having to listen how for... — read more 

Update

We got a date folks, March 28th is when the new org chart and announcements go out. Lay offs happening and those impacted have been informed. Talking points will be sent to managera for those impacted, those sent to other organizations and made ICs... — read more 

Citi achieved the impossible

These days, I hear more people say "I hope I'm laid off" than those who are saying "I hope I'm not affected." When you turn layoffs into something people are hoping for, then you know you failed as leadership and as a company.

2024 GOALS

HR sends emails that Goals need to be done by 3/31, most if us are not sure who our Director will be, or if we still have jobs! What a hoot!

citi sick leave policy

Hi everyone, I am to go through some medical treatments, which are not severe but it would be better to take days/a week or two off. What is citi's sick leave policy? Can I take paid leave with doctor's notes? Any advice is welcome. Thank you very... — read more 

Dublin Office

https://www.irishtimes.com/business/2024/03/19/citigroup-plans-irish-job-cuts-with-168-roles-at-risk-in-dublin/

When it comes to value, why not let HR go?

For the employee, they do “nothing”. Just a long list of non-responsiveness. I think they’ve been more responsive on this board on spin control company kool-aid drinking than they ever have on actually helping the employees. They exuberantly... — read more 

HR is at it Again

Heard there are talks across all functions which hr setup meetings to discuss layoff date and timing. Soon managers will be reaching out to give notices to those impacted, talking points given to managers for those moved to other areas or getting new... — read more 

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