Nearing retirement age. Is severance paid if one voluntarily retires in NAM region? What is more beneficial?
as per the email, the majority of changes will be to functional and geographical roles
what are the functional roles? my understanding is anything that supports a business constitutes as functional roles. Share your thoughts
Much ado about nothing
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
Stock cant even get over $40
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
What is required for Citi
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
Are infosec teams going to be affected by upcoming layoffs?
I imagine so since there is a lot of dead weight but I just want to know if anyone has heard anything definitive
Business analysts, QA and Infra teams to be affected badly
Agile has no terms for BA, QA and Infra
Layoff dates confirmed for US based stafff
Leadership has confirmed mass layoff notifications will begin on the week of October 23rd. Best of luck everyone.
Don't Join Citi as an EMPLOYEE. Its a SINKING SHIP.
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
Fake Resumes and Consultants
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.
A Random Walk with Citi Financial Statements
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
Are technology jobs going to be moved to consulting companies?
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?
India and China teams get affected? We are low cost zones
Just Laid Off Today
I was laid off today. For those of you who have questions Im available to answer them.
New York Employees at Highest Risk of Layoff?
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 am a new hire and I am scared
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 ?
Does this layoff affects Consultants and Vendors ? Usually we are the first one to go.
H1B's ? Consultant's ? US workers ?
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
No impact on EO&T ?
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 ?
There will be no big wave but bits and pieces
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
Do you get any kind of severance if you've been here for six months?
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?
Citigroup CEO Jane Fraser: We will give the layoff number in Q4 earnings
https://youtu.be/1-fTGY-G9MM?si=kc_7rkSQkSJwhcM4
Coworkers seem to be unconcerned about layoffs
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
Risk/Compliance layoffs
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/
Layoff Volunteers
Anyone know if they are taking volunteers that would leave in exchange for a severance package?
Citi is hoping to drive attrition
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
USPB
So why does USPB feel that they are safe including IA USPB? No one is safe at citi at this point
citi layoffs in progress
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
Anyone get benefit info for 2024 in the mail?
Interesting to get this with layoffs looming. Not sure it means anything one way or another ?
New hires are bad for a reason
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
So, now what?
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
Audit Town hall
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
Layoffs should occur before end of October
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
Personal and contact information attestation
They always send these emails before layoffs to make sure they have all of your information correct. 🙄
Severance package
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
Risk & Controls
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