Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Back into the office vs inflation

What timing. Being able to work from home you saved money on gas, food, dry cleaning and even daycare. Now going back into the office those expenditures come back into our lives. So now factor in inflation. Inflation is up and can be seen everywhere in price increases. So that’s even more money out of pocket. The lack luster raises fall rather short of covering all this loss. Time to tighten the belt and get a second job.

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Post ID: @OP+1eVSdxsG

22 replies (most recent on top)

Inflation, no problem. Bank of America awarding $1 billion in stock to employees for 2021

https://www.marketwatch.com/story/bank-of-america-awarding-1-billion-in-stock-to-employees-for-2021-reuters-2022-01-26

Oh, wait, never mind….that’s not for us at Citi.

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Post ID: @4fju+1eVSdxsG

At least they are spending money on revamping the London office.

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Post ID: @4cbk+1eVSdxsG

Literally made a movie about that.

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Post ID: @4sfl+1eVSdxsG

Don’t worry, the next virus is on its way…..

As Bill says….this one will get your attention….

https://www.dailystar.co.uk/news/world-news/lab-monkey-run-after-truck-26035365

https://www.usnews.com/news/news/articles/2022-01-22/dont-approach-lab-monkey-missing-after-crash-people-told

You can’t even make this sh-t up, even if you tried.

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Post ID: @3cbi+1eVSdxsG

Working remote (home) is a huge plus for caregivers and parents. The money saved on daycare and in home nursing, etc… is huge. Work for an hour, take a break and check on the family for 5-10 min., work for another hour or two, take a break and check on them again. Daycare cost or in home nursing can easily cost hundreds of bucks per month. It seems like thats all over with now I guess.

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Post ID: @3tdf+1eVSdxsG

I do think that its silly to make people go back in only to still zoom meet. It’s like the instances you hear about where Citi tells someone that they have to either move locations or resign. So the person moves from NY to FL and when they get there they allow them to work remote. If you allowed them to work remote when they move, why even bother twisting their arm to move to begin with.

I can certainly see the personal $ savings by allowing to work from home. If you can’t give enough of a percentage raise to offset the already here inflation then allowing your people to work from home helps make up that difference.

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Post ID: @3hhx+1eVSdxsG

I’m looking forward to it, except on snowy days when I’ll stay home. Gets me out of the apartment. Subway isn’t a big deal. Change of scenery and inspires me to do more in the city since I’m already out and about. 2 days/week is all they want, not 5, so yeah I’m into it.

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Post ID: @3ydh+1eVSdxsG

I’m not the guy you are referring to, but I’ll take you at your word that violence in NY is the average percentage wise as anywhere else. The commute struggle alone though would be enough to want to work from home or is the commute to the office negligible? Subway? Parking? Traffic? Cabs? Factoring all that back into your lives, is non-stressful and you fully embrace it with welcoming arms. Actually looking forward to it. Is this correct?

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Post ID: @2clb+1eVSdxsG

You don’t live in nyc, I’m betting. Always the ones who don’t live here are the most alarmist and scared.

People jump or are pushed, nothing new, just more press. People get robbed /mugged, again, nothing new. It’s a million times better than the subways in the 70s/early 80s. You watch your back and don’t be oblivious.

Best city in the world. Stay in the burbs, we’re good.

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Post ID: @2yrr+1eVSdxsG

@2nhb+1eVSdxsG

You are blind or just plain stoopid. NYC crime has risen during the past two years. And thieves are targeting the areas where well to do people work. It’s dangerous in any part of a city, especially the subway, where now you have to be weary of some nut job pushing you in front of a train. I’ve read of three different incidents of a person being pushed in front of a train by a person who is out of their mind and deranged.

Work from home is safer.

The future is only going to get worse in NYC. As soon as commercial real estate leases are expired and any commercial real estate is repurposed or sold, all these NYC jobs will be moved offshore or to cheaper parts of country and they won’t be taking you.

You’re on borrowed time on a sinking ship with no life jacket.

In the meantime, I hope you know some martial arts for self protection. You’re going to need those skills to walk down the street to catch your subway train.

Crime as only just begun, once the market sheds its first round, the streets will be even worse in all socioeconomic sectors of human life. Bank on it.

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Post ID: @2fkr+1eVSdxsG

A lot of companies in Japan are swinging away from obsessive work in office to work from home 4 days per week. Depending on which source you read, productivity rose quite a bit. Work from home is the one perk that the company should leave alone in my opinion.
I think that when people are brought back into the office, productivity will slow. Sure, I know positions like marketing, sales and upper echelon like face to face for discussing strategies, great for them. Does it really make sense though to bring everyone back into the office just so they can all dial back into zoom anyway?

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Post ID: @2jhc+1eVSdxsG

Here’s the same thing from The NY Post.
https://nypost.com/2021/12/02/bank-of-america-execs-warn-junior-staffers-to-dress-down-as-nyc-crime-surges/

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Post ID: @2qca+1eVSdxsG

Dressing down from what to what? We all wear jeans and comfy clothes to the office anyway. There is hardly a suit to be found at 388 anymore.

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Post ID: @2fug+1eVSdxsG

So a British tabloid is your source of the state of NYC? Ok sure. As an actual person who lives in NYC, I call BS.

It’s a big city. You just be smart. Beyond that, no problem.

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Post ID: @2nhb+1eVSdxsG

It’s not safe. Economic hardship has affected many, especially in NYC.

As----ts are up 15%, so take heed to be very aware of your surroundings.

Here is just one article that warns BoA employees to dress down to avoid being targeted and potentially mugged.

https://www.dailymail.co.uk/news/article-10272073/Bank-America-tells-workers-DRESS-head-NYCs-Bryant-Park-office.html

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Post ID: @1ylv+1eVSdxsG

Omg. Stfu you non New Yorkers. It’s fine here. Dress however you want. I ride the subway all the time. Same, normal, precautions should be taken like any big city.

That alarmist “dress down or be mugged” sh-t is just ridiculous.

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Post ID: @1dlt+1eVSdxsG

If that’s true that those in NY have been warned to dress down because of possible violence but are told to come into the office anyway….that’s really f- - - -d up. It does though substantiate the comments here:

https://www.thelayoff.com/t/1eVWfkGT

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Post ID: @1msn+1eVSdxsG

Don’t forget, now that hard times have fallen on many who are down and out in the city… Bank of America told its employees to dress down so they wouldn’t risk getting mugged on the way to/from work. You can’t wear anything that indicates you work at the bank, no logos, etc. so now you got to worry about some thug mugging you while you’re in the city, as if you don’t have enough going first thing in the morning and last thing at the end of the day, be alert, people have been mugged just for looking like they may have some expensive loot on them.

Time to commute with your hat on backwards and an oversized hoodie so you blend in.

Good luck.

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Post ID: @1mcj+1eVSdxsG

They need to justify the cost of the building.

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Post ID: @1gzb+1eVSdxsG

The roads will be jam packed again with more risks of vehicle accidents and air will be filled with engine exhaust. There will be more office waste with bunch of half drank coffee cups and paper plates and plastic forks, spoons and knives. But who cares about the future of the Earth and environment as long as every one is back in the office?

Learn to put up with all the stress of getting ready in the morning and evening commute again. COVID (here to stay) will be the least of your worries if you get hurt in a car accident (most of those are hit and runs). If your child ends up with COVID from daycare infection, just bring it to the office and share it with everyone. Then the WFH cycle will start all over again...

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Post ID: @1gpp+1eVSdxsG

It doesn’t bother me any. I always get more work done when I work from home. When they make us go back in, they just get 8 hours only. In other words I’ll just do less. If things don’t get done today, then it gets down tomorrow.

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Post ID: @utz+1eVSdxsG

Week of Feb 7th. I don’t mind too much, as long as it’s not too windy/freezing. NY office has great views, decent cafeteria, gym.. nice to see work friends in person.

Just sucks if you’re in the office on zoom all day, then what’s the point?

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Post ID: @asq+1eVSdxsG

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