Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Silence …. No emails

Haven’t heard anything…. No emails …. No chitchats ….. hope it’s like done in the morning.

by
| 1440 views | | 3 replies (last November 20, 2023)
Post ID: @OP+1pGk77Fd

I feel sick to my stomach

This will be a long day. Then we'll have to go through the same thing tomorrow and the day after. Can somebody please tell me when did it become acceptable to treat your employees in such an inhumane way?

by
| 1580 views | | 3 replies (last November 20, 2023)
Post ID: @OP+1pGceZ7P

Good luck

I am writing to express my sincere concern regarding the recent layoff announcement at Citibank. This unfortunate event will not only affect the NYC economy but also many other regions. This is especially concerning since we are approaching the... — read more 

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| 1410 views | | no replies yet
Post ID: @OP+1pGhFVsl

Tomorrow …. Good luck everyone

Dreading tomorrow but also wants this week to end already …. Just give us the list rather than spreading it out ….

by
| 2250 views | | 3 replies (last November 20, 2023)
Post ID: @OP+1pF2fDQE

Be prepared now

Make sure you have a copy of Citis Handbook which has all pertinent phone numbers as well as severance info that citi has to abide by since it is in writing. Also make sure you have your HR person’s phone number and email and their managers and... — read more 

Don't quit

I have a feeling that prolonged layoffs are a way to destroy morale, create a toxic environment, and have us quit on our own. Unless you absolutely have to, please don't give them that satisfaction. If they want me gone, I'm sure as he-l going to... — read more 

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| 2030 views | | 5 replies (last November 21, 2023)
Post ID: @OP+1pFqs1P7

Are we mostly done?

I'm assuming that the majority was already laid off this week, and the next week will be just those who were unavailable for whatever reason. Am I wrong in assuming this?

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| 2930 views | | 9 replies (last November 19, 2023)
Post ID: @OP+1pFzNiJP

HR needs to go

How has Sara Wechter been allowed to create such an absurdly overstaffed organization? HR literally has MDs reporting into MDs reporting into MDs. Who's idea was it that HR needed so many MDs in the first place? What exactly do these people do. ... — read more 

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| 2610 views | | 8 replies (last November 19, 2023)
Post ID: @OP+1pFn9n0n

Start the job searching now.

It takes a long time now for resume’s to be vetted and to get an interview. Start looking for a new job now. Months sometimes. If you get let go now or in December or Jan, you already have submitted your resume to other jobs. You’ll already have... — read more 

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| 1920 views | | 2 replies (last November 18, 2023)
Post ID: @OP+1pEckx8x

The history of Citi

The 2007-2009 crisis destroyed Citi. It’s just a zombie bank . Citi received 2 trillion bailout and the stock is still down 90 plus percent . However you slice and dice it . The mortgage crisis that started in 2007 was created by lax and bogus... — read more 

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| 1600 views | | 2 replies (last November 18, 2023)
Post ID: @OP+1pEJEZZE

Media Coverage

Let's use this thread to share any good articles we find

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| 1400 views | | 2 replies (last November 17, 2023)
Post ID: @OP+1pDWYgGq

According to FT Mondays the big day

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up... — read more 

Failed leadership

With the level of verbal abuse, retaliation, unethical practices and old-school leadership I expect all who don’t join their train will be let go. I know many hoping they will be let go with a package of any sort…

Expose Citi leadership that has lead Citi into crisis

Citi is where it is now because of failed leadership. Citi leadership lacked sound strategy, no vision and they are utterly in competent. Now as a last resort, Citi is laying off people to overcome the shortcoming of poor leadership. Basically... — read more 

Any layoffs in PBWM yet?

Anyone hear about layoffs in PBWM yet? It’s been extremely quiet last few days which is strange…

by
| 2410 views | | 5 replies (last November 17, 2023)
Post ID: @OP+1pDYmcvM

Any ICG exit predictions?

What are people who work in ICG doing now that all the committees have been axed? There are such high numbers of MDs- surely a lot of layoffs in that area?

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| 2480 views | | 5 replies (last November 17, 2023)
Post ID: @OP+1pDief2e

Scary friday

I am Scared to go work today. Applied sick leave

by
| 2662 views | | 8 replies (last November 18, 2023)
Post ID: @OP+1pDRHeRr

Impact on teams that are currently short staffed

Was wondering if many teams within finance, tech, internal audit, compliance etc. That are currently short staffed, would there be many layoffs? Was wondering what can happen if cuts are made within teams that are short staffed already?

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| 2140 views | | 7 replies (last November 19, 2023)
Post ID: @OP+1pD6jGZJ

Chief of Staff being laid off

Are they being rolled into other roles are they just gone? What will MD's do without them or are these getting the axe when their MD's do?

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| 2660 views | | 4 replies (last November 17, 2023)
Post ID: @OP+1pD08eE2

Silent layoffs

How is this being kept so quiet? Are they asking the people who were laid off to not talk about it or something.

Is WARN applicable to TX based employees?

Been trying to google it but getting conflicting info that it is applicable but somehow it isn’t in some cases. Friend was laid off during mass layoffs in another company in TX this year and didn’t get anything

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| 1600 views | | 4 replies (last November 16, 2023)
Post ID: @OP+1pCyVOOl

My team was already affected

I'd like to think that the rest of the team is safe but it's still hard to fully relax. Our manager didn't say anything but isn't it usually that once a team is affected, they are done for that particular round of layoffs? Or am I just imagining... — read more 

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| 2960 views | | 4 replies (last November 16, 2023)
Post ID: @OP+1pCMGDUk

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