Citi has a long history of:
Laying off at least once per year. Maybe not a massive amount each time but its done.
&
Following the lead of other banks. If other banks are doing it, then so will Citi.
So for now, Citi hasn’t laid off, but will. Other banks are doing now, so Citi will do it later.
Its coming, no question about that, but when?
Most likely before the end of Q1 before the March 401K company contributions so that they don’t have to pay that out. This would be my guess.
I would take it. Gladly volunteer. Been there 10 yrs., It’d be a nice severance. I’m confident I could find another job before the severance ran out. It’d be a nice paid vacay. Actually the fact that the person who says another person is a troll for volunteering to take it is quite telling. It tells me that they are either new to the corp world or person who is themselves a troll on various boards going for the Jerry Springer drama effect.
I’ve read other banking boards and his comments mirror almost word for word on each board. Its a copy\paste job from board to board to board, the same thing and always ending up calling someone a troll or “go back to the village hee haw hee haw” comment, whatever that means.
Just ignore him. Most likely a teenager type 30 year old Beavis trying to stir stuff up, like I said for the Jerry Springer drama effect.
I don't think the person asking how to get on the layoff list is a troll. Worked for the phone company when they had ongoing early retirement offers. Never was eligible alas.
I would certainly volunteer for the 2 weeks per year of service.
yes
Isn't the 401k match in March for 2022 contributions? Meaning they should pay even if laid off?
2 Weeks is not capped.
Is the 2 weeks per each year capped? I recall say if you work 25 years - you don’t get 50 weeks
Is that accurate?
What’s the best way to get laid off? I’ve been ranked a 2, but I’d like to get the severance package and leave Citi. What’s the best way to go about it?
Where are they going to go? Doubtful a mass exodus is coming very doubtful
Hopefully a bunch of people will turn in their resignation after bonuses hit the accounts tonight
It wouldn't surprise me. It's a major bank.
Wells Fargo and JPM are laying off in early Feb. So, Citi will also during that time or close to it.
What area/business?
I was laid off last week!
I hope you are wrong brotha but layoffs already happened so pls stop the doom n gloom . Take a happy pill and enjoy the scenery
I’ve heard two different managers refer to it as a “bloodbath” coming. A rather foreboding choice of words might I add.
It’ll be under the guise of “What a wonderful opportunity for those we are getting rid of to branch out and do other things elsewhere”.
I fully expect the responses to this post to be followed with Citi cult following naysayers as per the norm. When it happens, and it may not but most likely will, I’ll be resurrecting this post with a wholehearted “I told you so”.