If I start the retirement process, or even check on what my options are, will this stop me from getting laid off? Really would love to get that severance. C12.

When the March layoffs will be communicated?

Do you think Fraser would mandate hybrid is gone and everyone who was hybrid now has to be in the office 5 days a week? Would she do that to get people to quit so she wouldn't have to pay severance? If that did happen, would all the telecommuters... — read more 

Venting…Starting vacation tonight and I'm wondering if this is the week. Was hoping to get the news before vacation so it wouldn’t get bo-b while away but c’est la vie. Good luck to all!

When leadership resorts to laying off employees to boost profits, it suggests a lack of innovative thinking. It means that they either don't care or they're stuck in a rut, unable to come up with better solutions even though they're the ones who are... — read more 

Here are 10 websites remote jobs. 1 Turing : The world most deeply vetted developers and teams matched by AI Link : www.turing.com 2 tl;dv - AI Meeting Assistant - AI Meeting Assistant - AI Meeting Recorder The meeting recorder that... — read more 

There are only a few thousand getting let go this month, the rest is spread out over 2 yrs. And even of those few thousand, many will be overseas, not necessarily NYC. So odds are in your favor. Beyond that, no benefit to worrying about things you... — read more 

https://www.reuters.com/business/citigroup-probes-senior-ipo-banker-over-bullying-claims-2024-03-14/ This article is hilarious. Harassment at Citi is the norm. Managers at Citi get away with whatever they want and HR turns a blind eye. Ive had my... — read more 

Anyone know that the VP pay range is?

Please everyone, stop referring to your many years or of experience. Banking is a profession where experience means nothing - it is not as if you are brain surgeons or plane pilots. Couple of years are enough the learn the most intricate of functions... — read more 

Been with Citi for over a year and I did well my first year, but I’ve been spending this month weighing why I could be on the layoff list vs why I won’t be. To add more stress, I am the sole provider in my family of four. I am in a central hub... — read more 

For your own sanity, count on layoffs in all departments. Whether your group was already affected or not, whether you were told it's over or not, or whether you are already working as a skeleton team, do not assume you're safe. Being mentally... — read more 

Recently, I was the only team member laid off, quite unexpectedly, considering my consistent high performance and recognition for solving complex issues. It seems decisions beyond individual performance were at play, specifically relating to budget... — read more 

Laid off as the only one in my Android team, despite being a high performer, second only to the lead. Received regular praise from the lead and solved complex problems, while my peers contributed less. Rumors suggest my higher salary and non-priority... — read more 

I was laid off in the early 2024 wave, and I still have some questions regarding Citi benefits. Since I have no idea how long it will take to land my next job, I want to be careful about my cashflows, especially the coming expenses and income. .. — read more 

“Empathy is foundational to how we deliver for our clients and how we attract and retain talent.” This is a quote from Jane. Is this some kind of sick joke??

If it is any consolation, most of those laid off were not chosen because of performance.

Anyone know if the next wave of NYC layoffs in the next 2 weeks will qualify for WARN period payout? Or will it solely be severance? Not quite sure how to decipher the DOL posted notice as there was a November 2023 date referenced.

Heard some possibility of moving SVP / VP roles to MC/LC zones. Not sure 100%. MC / LC are going to be workhorses and HC might be pure drivers

Anyone has info if there will be layoffs in EO&T or just reorg in next two weeks ? I thgt my team might have layoffs given that we are too many for the amount of work. However they hired more folks this month n mgr said only reorg gonna happen..

Im wondering if Citi is going to give us our 401K match this year especially since it seems Citi is having money problems.

Should I be worried?

If you were approved by HR and your boss to be 100% telecommuter and it is in your profile what happens if they want you in the office and there is no office in the area? Would you be entitled to lay off with Severance and Unemployment or can u fire... — read more 

We are off to the races folks, layoff are happening this week into next. By March 28th we will lose about 20k people. Last week we saw some layoffs in nyc. Have you noticed many mds who were telecommuters are now moving to key site locations. Like... — read more 

So we just had our group meeting and they confirmed next week is layoff announcement for our department with those being notified, Jane will make public announcement for the total amount laid off on march 28th. For the ones lucky enough to not be... — read more 

At first this mess was supposed to be completed by the end of the current month March, but at the last second, Fraser slipped in oh by the way it's actually through 2026. Why? Because Fraser is in no position to pay out severance in lump sum... — read more 

Ok, I agree that we need to trim the fat. I just think the layers of MDs and Directors who are incompetent, come up with crazy ideas and then blame others when they fail, are very fatty layers. The idea of a lean, efficient and successful company... — read more 

OT- risk markets - Looks like what I have heard, next list is coming on March 21st and contractors would be majority that will be effected. Rest lets wait for the D-day.Anyone has any other updates?

It’s time to think to update your business practices and customer service. I activated my credit card and I was prompted if I want to receive activation confirmation and My reply was “ yes “ then I hear this message “sorry this feature is not working... — read more 

Jane and Mark are about as stupid as can be. They are both diversity hires placed into positions they have no business being in. How is it that they’ve been in their positions as long as they have been and the answer is to cut cut cut. Then they... — read more 

Yes, I am aware, if I don’t like it, I can get off the train. I am aware, we all are aware. I appreciate the motivation.

Reference Links: https://www.bcg.com/publications/2017/transformation-value-creation-strategy-hsbc-simplifying-organization https://www.bcg.com/publications/2018/transforming-business-through-technology-interview-darryl-west-group-cio-hsbc BCG... — read more 

I'm concerned because there is less work going on in my area and my workload as well. Do you think my team is under the chopping block and management is just not trickling down the info? Additionally, there are more silos, red tape, and people... — read more 

My team lost a lot of competent, experienced and hard working people. We have a hard time reorganizing and coming at least close to the efficiency from before. If the same type of people are being laid off from other teams, I really do not know who... — read more 

https://nypost.com/2024/03/09/business/citigroup-ceo-jane-fraser-has-chance-to-pull-off-the-restructure-of-the-century-bring-banking-empire-back-to-its-former-glory/

Are the keystones located in certain cities, LOB's, etc? I'm having trouble trying to make sense of things.