Was told getting bonus and comp increase but verbally only

How many layers will be impacted on Monday? Just EMT-4 or even later below that?

Hoping there is good news in aml in tampa and ny…

Will loan ops be affected?

Got the news yesterday. Last day is 1/31. I'm part of Wealth and about half the team has been wiped out. Doesn't really seem to be a pattern/reason as to why certain people were selected to stay vs get let go. I guess McKinsey logic.

I know during November layoffs MDs who were impacted were notified a week before the official announcement went out

Any O&T updates across the regions? Are these teams safe if in strategic locations?

Has anyone or known anyone who were made redundant recently in the UK? What is the severance package? Would be great to have some information ahead of the announcement.

I have heard of colleagues being laid off on retail, ICG and private bank. Many of them top performers. Yet nothing on Risk. There’s an odd calm, very few if any meetings O/R teams. Has anyone heard what’s the fate of risk analysts and officers? Most... — read more 

I have a 6 month contract in Risk Dept in NYC. What are the chances of my contract being renewed? I'm sure they save lots of money on payroll taxes, and benefits....

Moving forward Managers will be in Tremendous pressure for the following Reduce Cost No more Contractors Leverage AI and latest technologies Squeeze employees to get things done Generate Revenue I am sure that surviving managers and... — read more 

Both IT and Banking markets are in Layoff mode. Google, Apple, Microsoft and Facebook are planning to announce another rounds of layoff's around mid february and march. So we must target middle level companies. A second tier bank should do good... — read more 

https://nypost.com/2024/01/18/business/citigroup-ceo-jane-fraser-begins-plan-to-ax-20000-jobs-after-dismal-q4-sources/ Some managers were told their positions would no longer exist as of Feb. 1, two of the four sources said. More details about the... — read more 

Title

In these circumstances do ppl even get / can count on promotions? Besides scrarce, yet still new MDs were announced back in Dec, but are lower levels gettin promotions or all is suspended?

"Goldman Sachs, JPMorgan Chase, and Morgan Stanley are seeking artificial intelligence for analyzing securities, and investments and predicting stock prices and... — read more 

During the interview Director mentioned that there would not be any layoffs in the team that she manage.

VP, I got 3s across the board No bonus and 1.5% raise. How worried should I be about layoffs?

You thought it was 20k? That's just this year. https://fortune.com/2024/01/12/citigroup-20000-job-cuts-jane-fraser-layoffs-1-billion-charge/

can someone throw light on SVP yearly bonus (in terms of %) in the TTS org?

Who actually decides your bonus, which stakeholders are involved?

Anyone Hear Anything?

Just because you received comps and just because got a promotion, don’t think you are safe on round 1 of a layoff. Its a strategy. Its nothing to give a promotion or comps to keep you here, working hard to pick up the slack for those they let go... — read more 

Realistically my job workload is like an 11-12 hour load, and I've seen people on the team do that. I've tried to keep it at 8, working non-stop, but I know I'm seen as a low performer and someone that does not go above and beyond but does the bare... — read more 

Morale seems low. Used to be a low cost location with low level of senior managers - is it still considered the same?

All companies that are laying off should report to state DOL but o don’t see anything for Citibank in New York, NJ or Texas https://dol.ny.gov/2023-warn-notices

I am hearing about various meetings happening right now. Not sure if they’re still deciding on who will be chopped for this January round of layoffs or that’s already been decided?

Hearing layoffs from all LOBS in the business but nothing related to Compliance ACRM? Any News?

https://www.bloomberg.com/news/articles/2024-01-18/three-citigroup-equities-trading-executives-are-leaving-as-the-bank-restructures

Lots of telecommuters due to site closures. Citi has made it abundantly clear that despite closing sites and leaving people with no site to report to, there is a zero-exception process to move within the company. Meaning, they do not want remote... — read more 

Jane broke down the 20,000 layoffs as follows: 5,000 managers by end of Q1 5,000 from getting out of certain businesses (muni's as example...more to come) 10,000 from O&T from efficiencies by the end of 2026

Technology teams in Irving and Tampa appear safe. Have not heard of any. Normal merit increases and bonuses

Are directors (c15) involved in the lay off discussion? If not who is the decision made by