Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Is being laid off really a bad thing?

Statistics show that on average, changing jobs every so often you end up making more money than if you were to stay in the same role for the same amount of time at the same company.

Its easier to change companies every 3-5 years for more money at each job hop, than it is to stay at the same job for the same money in hopes that you’ll be able to get enough of raises and bonus’s to make the difference.

Those that I know who have been laid off outside of Citi, without glossing it over to make it seem better than it really is, most have said that after the dust settled, yes, they were better off.

by
| 1081 views | | 4 replies (last )
Post ID: @OP+1krdlbBr

4 replies (most recent on top)

I see that Wells Fargo is hiring like there’s no tomorrow.

by
|
Post ID: @7jcd+1krdlbBr

The first time I was laid off and landed, I goa big jump in salary. The position and company was a big mistake and didn't work out. I landed at another company, and they lowballed me horribly, but I needed a job and something was better than nothing. I got laid off there and landed here and got a big jump in salary. I guess it depends. I hate layoffs, however. They're stressful and uncertain.

by
|
Post ID: @1csq+1krdlbBr

Most Americans are so bad at personal finance they live paycheck to paycheck, and when they fall short, they max out their credit cards. Gen Z is so d-mb they thought the "Great Resignation" and permanent WFH are viable career paths as a W2 wage slave.

Moving from job is great. It's best to get hired is when you already have a job. For most grasshoppers if Plan B isn't Mom's basement they probably don't have a plan at all.

by
|
Post ID: @1fct+1krdlbBr

I hope I get laid off in Jan. Im just holding out for the severance

by
|
Post ID: @fav+1krdlbBr

Post a reply

: