I believe this was widely anticipated on the street. Anyone know how many that portion employs?

https://www.efinancialcareers.com/news/2023/12/citi-voluntary-redundancy

It's amazing how she answered the questions without providing an actual answer to what was asked. She essentially dodged all questions. Would have been better to not do it. Anyone else more confused after the AMA?

Vendor Consultants doesn’t seem worried about layoffs. They don’t have to show up in office and get good medical benefits

What are your thoughts seeing a bunch of "Seniors" trying to be funny and having a laugh during Whitakers Town Hall while they planning thousands job cuts the same time ?

That's what it feels like. How are we supposed to focus on work in these circumstances? It's just a never-ending restructuring with never-ending cuts. And I can guarantee you, even after they say it's over, it will be only a few months before they... — read more 

https://finance.yahoo.com/news/citigroup-offers-partial-early-bonuses-151556484.html

https://www.efinancialcareers.com/news/2023/12/citi-rehire-a-trader-that-had-been-fired

I see tech teams being moved from one country to mine but they are hiring the same people and paying for their visa and relocation. How does this make sense when we are supposed to be saving money? Also, if Citi is making you redundant purely to... — read more 

https://www.reuters.com/business/finance/citigroup-offers-partial-early-bonuses-encourage-departures-bloomberg-news-2023-12-13/#:~:text=Dec%2013%20(Reuters)%20%2D%20Citigroup,people%20familiar%20with%20the%20matter.

I recently discussed the impending layoffs within our team with a colleague based in New Jersey. We’re both hoping to avoid being selected for layoff. During our conversation, my colleague mentioned that our manager assured him that he is working to... — read more 

Did you notice an increase in roles with no real purpose? How many PowerPoint warriors does Citi need? How important is it to go from a meeting to a meeting where they keep repeating the same things over and over again? How come they are not the ones... — read more 

I freak out over everything.

If an MD has been offline for two weeks with no OOO on, is it safe to assume they are gone? Within Risk.

I will say I am glad to see one of the most toxic, degrading and demeaning MDs leaving. She would yell at her managers if she had low VOE scores, demean her managers in front of others and degrade them. If you worked there you know who I am talking... — read more 

Following the MD promos - Lots of D and SVP will be promoted this year. Will be announced over the next week. More people to manage the few(er) people doing the work!

I've been trying to find a new job for months. I have no problems getting interviews, but more often than not, I get ghosted afterward. Is this normal? Am I doing something wrong? I don't expect to receive an offer after each interview/set of... — read more 

Sounds like this week is going to be a bloodbath

All the medical plan cost is rising in January without any hikes this year. If you are not aware, check in CIti's compensation and benefits website.

I recently joined Citi around 2 years ago. Over these 2 years, I noticed several cheap politics being played around. #1. Vendors: Vendors give holiday party and perks to Citi employees for hiring their employees. Citi managers eat and drink on... — read more 

https://www.youtube.com/watch?v=3njfN0IOz38

I heard someone says BCG is involved in the decision to "reorganize" and layoff. My reaction is - oh.. that explains it.

We make the firm so much $$$ and we don’t even have a nice holiday party.

Seems like a large number of jobs (at DIR/MD) are very quietly opening up internally. . . and very quietly being filled. Recent example: new head of MCA. Anyone else heard/experienced the same thing?

This forum really showcases the toxicity in Citi. We are supposed to be here to discuss insights into layoffs across the business. Instead we have s-xists, racists, bigots, judgemental a--holes, and know it alls. Barely anything productive being... — read more 

Including me, of course. People are fed up. Many of us are not even going to wait to see what will happen in January, even if it means leaving severance behind. That's how badly we want out of this mess. I don't know if that was the aim or not, but... — read more 

This is where the Benny Hill chase music starts playing. Well done Jane, well done. You should give yourself another multi million dollar raise for that one. Again keep Jane if you want more of the same.

Is there no one else wondering what the devil these people did to make MD? Cut Citi’s contribution to benefits the most? Made Workday as unusable as possible? That is 3% of the total.

While there I suffered retaliation for reporting tista, verbal abuse, demeaning verbiage and all kinds of treatment that proves they don’t care about anyone who works for them. This is not a company worth working for. I would live under a bridge... — read more 

How am I supposed to focus and do my work with such huge layoffs hanging over my head? My productivity has taken a major hit and I don't even have the strength to care. I'm mentally and emotionally exhausted all the time. This is such an inhumane way... — read more 

Was this global today or just in some regions?

https://www.reuters.com/business/finance/citis-2023-revenue-expected-be-lower-end-forecast-cfo-says-2023-12-06/

So very rough back of the envelope call stillcome back at 20k+ jobs 200k fully loaded avg employee cost (inflated by upper levels) or 50k for average 3 month severance package. $1B/50K = 20K jobs

People who knew what they were doing were kicked out. Those who know how to kiss the right behinds and nod their heads in affirmative to everything they are told are still here. If you were wondering why Citi was failing and becoming such a toxic... — read more 

I have been told, by several people, that the GFT reorg announcement is coming this Friday. Has anyone else heard the same?

So I’m hearing that Phase 3 layoffs (not sure at what level though) will be wrapped up before Xmas. Perhaps so as to avoid bonus payments…. Anyone else heard this ?

Because if they don’t then that means it would be really difficult to find internal opportunities during WARN period without having access to the system. I hope it’s something they can do if we ask/negotiate?