Nearing retirement age. Is severance paid if one voluntarily retires in NAM region? What is more beneficial?

what are the functional roles? my understanding is anything that supports a business constitutes as functional roles. Share your thoughts

All these announcements of reorg is just much ado about nothing. At the end there will be just a very minor reshuffle of the pack of cards

Thats $4 pre split lol this is essentially a penny stock yet people think layoffs arent happening. Delusion! the CEO is a disaster and train wreck, the head of diversity I mean finance is worthless. Its over for this place, usually the collapse... —  read more 

Jane is useless and her strategy is worthless. She should resign. Useless Hiring & Onboarding Strategy - She hired lot of people in past 2 years - Infact these people are not yet onboarded completely because of redtape in organization. These... —  read more 

I imagine so since there is a lot of dead weight but I just want to know if anyone has heard anything definitive

Agile has no terms for BA, QA and Infra

Leadership has confirmed mass layoff notifications will begin on the week of October 23rd. Best of luck everyone.

If you have a new offer for Citi, please don't join. Try to stick where you are. This is not a place you think that you will have good salary or hopes. The company doesn't have any strategy with both Business and Technology. They hire some fools and... —  read more 

Citi is bloated with hiring of fake resumes and consultants. There is no standardized interview process in Citi. These consultants do basic work and are hired on favoritism. Its a good time to do background check and let go these fakes.

I am an outsider. Analyzing the financials of the company per my friend's request. Please pardon for any wrong estimations. Third quarter 2023 is on October 13th, fourth quarter is on Jan 12th 2024. The details of layoff will be out starting this... —  read more 

Since consulting companies already have huge presence in the firm especially in technology, would these jobs going to be moved to them and employees transferred? It did happen before and happening at other companies

India and China teams get affected? We are low cost zones

I was laid off today. For those of you who have questions Im available to answer them.

Since NYC workers are paid the highest to perform the same roles as people paid much less in other locations, does it not make sense that they are probably at greater risk? If it's about saving money, wouldn't you cut out the biggest bills?... —  read more 

I recently joined CITI with all new hopes. But I am scared now. The culture is weird and I will be missing a good severance from my old company.

Does this layoff affects Consultants and Vendors ? Usually we are the first one to go.

Every one will be affected. But how much % of each will be ? How much office politics and redtape in company is going to play in retaining favorites during this layoff ? H1B - if they lose job, they have to return back to their country as 60 days... —  read more 

EO&T still appears hiring in all regions especially Production Support Technology functions with VP/SVP roles. Are the technology groups, global functions groups in strategic locations not impacted ?

Apparently it appears there will be no massive wave but cuts will be in bits and pieces and mostly under radar This will help firm avoid the bad publicity as well as severances

I left another job to join Citi and now I'm starting to think I made a huge mistake. Will I get anything if I'm laid off?

https://youtu.be/1-fTGY-G9MM?si=kc_7rkSQkSJwhcM4

I have had some say yhey don't think they'll be affected. Some have even believed it was over and done with. Some are only concerned about keeping their hybrid schedule. I think when you've been at a company for such a long time, you believe it... —  read more 

do we think it's smart for citibank to be laying people off in risk/compliance? https://www.pymnts.com/news/banking/2023/citigroup-layoffs-focus-on-support-technology-staff/

Anyone know if they are taking volunteers that would leave in exchange for a severance package?

All this speculation and guessing about layoffs is guaranteed to get some people to decide they want out of this mess and quit. And every single person who leaves on their own means more money saved for Citi. They are doing this on purpose... —  read more 

So why does USPB feel that they are safe including IA USPB? No one is safe at citi at this point

I was released on 9/20/2023. I have no idea on the scope of layoffs but was notified the documents detailing the process will be sent within a few weeks..seems HR is busy

Interesting to get this with layoffs looming. Not sure it means anything one way or another ?

I can't be the only one who's noticed the drop in quality of new hires. And I can't be the only one who's not surprised. We're trying to skimp on salaries when hiring and still hoping to attract top-notch candidates. That's not how things work... —  read more 

We can begin to dust off, update our resumes or breathe, meditate, generate positive vibes and let it be. Many rumors being created for lack of specific information. We all have our own personal situations which will determine how we all deal with... —  read more 

so they want everyone in audit to tune in for the townhall meeting to discuss the org changes and the way forward. But so far all these townhall meetings they have been saying the samething. Wondering if there will be cuts in IA given that they... —  read more 

Most impacts will be felt before the end of Octoboer since the firm has to give 60 day notice per most states (WARN). It is my understanding that no area is safe even those "under consent orders" as the firm can just tell the fed they are... —  read more 

They always send these emails before layoffs to make sure they have all of your information correct. 🙄

Is severance package based on org or location and YOE at the firm? What is the package in CTO / CAA / GPA groups in Tampa and Irving? Unless these groups are exempted from upcoming layoffs as they are mainly technology

Hearing that they will be impacted the most and not just at management level from what I’ve heard (take it lightly of course since it’s through the grapevine). Hearing that entire controls and risk departments will be completely dismantled, moved or... —  read more