I haven’t seen any WARN notices go out in NY. Layoffs must be limited so far.

In the midst of mass layoffs, Citi is more concerned with 'inclusive language' and trying to be like Google. Anyone else see that ridiculous CTI announcement banning words like whitelist, master contracts, etc. What a joke this place has become.

Or the Client Org (previously PBWM)?

Has anyone been laid off at MD level or below? Please let us know

Has anyone from IA been laid off as yet? If so, how was it done? Was HR and chief auditor/or directors involved in the meeting?

If you get a unexpected meeting on your calendar today - good luck.

I'm sorry, but this is kind of ridiculous. The company needs to just go on and be honest with people. Do what you say you're going to do so people can move on with their lives. Enough of the rumors and leaking stuff to the media.

Wondering if they started or are they waiting until EOD.

Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced daily through early next week, according to people with... — read more 

You can't tell me they couldn't notify everybody today. Why drag it out for basically a full week and let us stress over it even longer? Not to mention, some people will find out they lost their jobs a day or two before Thanksgiving. How... — read more 

I’m a C11 and honestly nobody is feeling comfortable/confident if they will be here after November, GOOD LUCK EVERYONE! https://www.cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html

Let's see if today is really the day or if we'll have to wait even longer to learn if we still have a job or not.

I wonder if HR combs through these posts daily, correlates comments and feeds them straight to the upper echelon for consumption. Does anyone have any insight on this?

I guess I should be happy I managed to get as much as I did. Today will be a long, long day.

Youtube that episode and compare. Step 1: Steal underwear Step 3: Make money. What’s step 2? No one knows. Gotta sell the layoffs to the board in January as a true win. A hail Mary attempt to keep the board from voting her out. I do have my... — read more 

Given it may take few months to land a new job - does anyone know the exact WARN period for NY.. Maybe someone who was already let go and availing this benefit can shed some light.. Bracing for impact

They did say …. In “November” So hasn’t been Monday nor Tuesday …. Tomorrow? What’s worse - tomorrow or day before thanksgiving

She will destroy and scale down everything else to save the IBD currently on life support even though the capital mkts arent going back to 2021 levels anytime soon. She came from IBD and is unwilling to face the fact that it is the IBD that needs to... — read more 

https://finance.yahoo.com/news/citigroup-discriminated-against-armenian-americans-145117988.html

Stuart Riley is Co-CIO , we just received an email that he is leaving the firm. Did he just leave or was he fired?

Do we know if there'll be any cuts?

That puts me at just over half a year here. This is the second major layoff in that period. Being one of the last ones to join, my stress levels are through the roof once again waiting to see what's going to happen. The worst thing is, I had other... — read more 

Updates?

Anyone knows if layoffs will be announced this week? If so, which day? I wonder if it would be a last min meeting or they’d schedule in advance?

You have to have a proven track record of leadership failure in order for the board to “do something about it”. Well, I believe we are on the cusp of that now. The pending layoffs are Janes last hail Mary attempt to try and reverse the damage.

Got an offer for Citi , pay is decent for a VP role. Is it advisable to join CITI now . I am concerned with all the layoff talks and trying to gauge if its good to take a chance ? Any advise please

“If you were a manager, would you want to be handed what organisation you get or would you want a say in the structure?” asks Citi’s chief human resources officer Sara Wechter. Her view is supported by some workplace experts, who say that a... — read more 

No more industry heads and coneheads, that is the word. The title has lost its meaning at Citi due to the sheer abundance of these roles.

Any groups you’ve seen have no work/nothing to do…as a result of the restructuring? ICG or PBWM

Who thought this long drawn out process would be a good idea? Plain Jane? This is absolutely incredible. I am assuming it was leaked and threw a monkey wrench in their plan, otherwise this is bottom barrel management.

Heard next Monday is the day for the higher up Minions will be slashed in Jan

https://www.bankingdive.com/news/citi-job-cuts-major-units-10-percent-Jane-Fraser-reorganization/698897/

Any idea when the layoffs would be announced? I am hearing from some that it’s Nov 15th (wednesday next week) and from others Nov 20th (monday of the Thanksgiving week)

Wells Fargo has cut 40,000 jobs in the past three years, and according to this article, they show no signs of stopping. Citibank, on the other hand, is in a much worse position efficiency-wise, and the company has been struggling for over a decade. I... — read more 

Does anybody know why we got paid on Thursday rather than Friday? Is that a sign of upcoming layoffs?

I know many are planning to leave, but I was wondering where you are hoping to move to. What are the best alternatives to Citi? I've been looking around and honestly, I can't find any much better place, especially when it comes to layoffs. They seem... — read more 

Curious if there would be a notice period for those who will be laid off in Nov? If so, how long? 45 days or more?

Likely layoffs next 2 weeks More layoffs 2nd/3rd week Dec More layoffs mid January Layoffs in Feb, Mar, Apr Done by May w/ 12-15% reduction Stock price down and stuck Low productivity and low morale thru out 2024 Jane... — read more 

So Citi “tries” to meet the market standard when it comes to salary for top talent. They are at best low to average in that area. Then later, they decide to layoff or run off people for whatever reason. Often times they run off people making the... — read more 

I'd rather know today if I'm losing my job than speculate and worry for the next few weeks or months. This is going to be a true nightmare.