Anyone have any numbers they can share?

To make it clear how severance works... to make it clear how severance works... Citi's policy is 2 weeks severance for every year of service. You get your severance less withholding (taxes) after the 60 day notice. 60 day notice is required by... — read more 

I think we can learn a lot from yesterday (5/9/19) . Many IT employees were given their 60 day notice. How many? I am not sure. More info on this would be helpful. How many IT employees do we have in Hagerstown and how many of them were given their... — read more 

^^

People who were laid off yesterday, do you mind sharing with us what your severance package is? I've heard Citi reduced severance drastically lately, so it'd be nice to know if that's true or not. Also, do we know if there will be any more layoffs... — read more 

Shake up in Citigold and Citi Investments. Who’s next ? Mortgage? Retail Consumer Bank? Division execs need to be Rif’d along with useless sales directors. Area Directors will be thinned out. Should compliment the horrendous voluntary terms happening... — read more 

It is frustrating not knowing what is going to happen or when it's going to happen. But everything at this point is just speculation. We were told that something is going to happen that there are going to be changes, everything from a reduced... — read more 

I’ve also heard the rumor of moving to Martinsburg WV. Supposed to be a meeting end of April about it.

I heard the Hagerstown site will be moving to Martinsburg WV. Can anyone confirm this?

Anyone know? Ops is a hot mess and it seemed like those job were safe especially since they were conducting a internal audit.

Any thoughts on how this will affect us? Frankly, with earnings only up due to share buybacks, I think these results lean much more towards negative than mixed. Which means we are about to be hit with more layoffs to make up for it. I hope I'm... — read more 

I see there is talk of even more layoffs at Citi and I keep wondering who exactly are they planning to lay off when we are drowning in work as it is? They cut so many already, some have left on their own, and each time those of us who are still here... — read more 

Can cut expenses enough to offset declining revenues so he buys back $4 billion in shares to articulacy juice EPS thereby hitting targets getting paid millions in the process. And everyone else pays with layoffs. Way to go Mikey.

Just got word that a major department (all internal auditors) were JD’d. Can anyone confirm?

I know the CRC location in O’Fallon MO has been dwindling for a couple years while we transfer our files to Cenlar. I’ve also been hearing layoffs are coming to Progress Point at the end of April. Especially for AML. Anyone have any info?

Massiv restructure in technology, combing plan, build & operate functions resulting in departmental reviews later this year. Further cuts to be expected Any more info on this? It would be good to know if this will happen soon or near the end of the... — read more 

99% sure...

Do we know if Citi is planning more cuts any time soon?

Lots of layoffs this week of SVP levels and higher. Once again firing older workers that will be replaced with junior staff in offshore locations. It is clear that All that matters to Citi is cheap labor, to hell with talent, expertise and offshoring... — read more 

The new trend is to offshore Compliance job and replacing US force with same Indian / Malaysian "so-called specialists". How can we expect US intellectual property to remain in US? What's next to be cut or outsourced to help CEO and Management... — read more 

Layoffs mostly occur in default to get rid of higher salaried employees with years of merit increases behind them. It's an opportunity to bring in younger and much cheaper employees to fill their positions. Lay offs for default servicing positions... — read more 

Just starting a thread for 2019 - we had one for 2018 and had some traction @VdlWJj5

Coming soon. June 2019

layoffs in O'Fallon Mo...AmL (KYC) WEALTH MANAGEMENT Geesh!!

They hit the mortgage side for the second time this year. And, it'll be even worse in 2019.

...laid off after hitting 25 years this years. S---s

http://kelo.com/news/articles/2018/jul/30/union-disputes-citis-reasons-for-sioux-falls-layoffs/ Citi says the layoffs are because the new credit card facility they are building in Sioux Falls is smaller than their current building near the Sioux... — read more 

20,000 technology and operations staff will be laid off in the next five years. Source:

It has been rumored that the Sales & Use Tax department would be outsourced. Has it been outsourced?

If you are a part of Citi's U.S equities business be prepared, there are near certain layoffs coming in the following several days according to market insiders. More info here:... — read more 

Layoffs of many people 1/17/2018. Rumor has it more 1/24/2018

we are in desperate need of infrastructure upgrades if we are to stay competitive in the field... our systems are painfully slow, outdated and completely inefficient... it takes us way too long to do the most simple tasks due to this... even opening... — read more 

Can somebody come up with a cost saving measure that will actually be implemented that is something other than layoffs? We have all these ideas being thrown around, commitments to follow through are made, and then nothing happens. Citi really needs... — read more 

Get ready for it folks

How did "rarely you'll have to work an extra hour or two" noted during the hiring process turn into working 55 to 60 hour weeks on regular bases? Our workloads are becoming impossible to handle. Part of the reason are constant layoffs. They get rid... — read more 

Citi is in desperate need of senior management cleanup. The politics at the top have become so incredibly toxic that it can be a challenge to actually get something done on any level. Instead of dealing with actual problems, senior managements... — read more 

Get your facts straight. First of all, the record center is NOT impacted by layoff. Second, Citi has been in the planning stages for years of exiting mortgage so this is not a huge surprise. Third, Citi was crucial in convincing Cenlar to stay in... — read more 

Most Citi layoffs are happening with the mortgage side -- from the location perspective, most of layoffs are happening in our location in O'Fallon Missouri where the records center is. Also, some branches are closing, so you will see some cuts there... — read more 

I’ve been with Citi for over 18 years worked in the Tampa & Jax sites along with visiting multiple other Citi locations and have been through MANY layoff scares where it could just as easily been me versus my peers (some of which were dear friends)... — read more