I was laid off today. For those of you who have questions Im available to answer them.
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Thanks OP for all the intel. Really helpful for the rest of us who are bracing for impact. Is it fair to assume you were in ICG O$T and in production support? If you don’t mind sharing specifics will be of great help. If you don’t prefer to share - completely understand.. although it should not matter to you
OP again. I made this post to help you Citi folk out there that are afraid. Again Citi is providing an immense amount of help to people that have been removed from their positions. This doesn't mean you should sit and wait. Start applying to jobs now if you're concerned. Apply to jobs both outside and inside of Citi. I was caught off guard with the elimination of my role and it can happen to anyone. If you apply to jobs now at least you will have the ball rolling and in a better position than if you wait. it takes time to get a new job and you won't know exactly when your day will come if it comes. Good luck everyone! This will be my last post as OP unless someone has a really good question that HR won't or can't answer.
OP here. Ive been out a week now. They are paying people in lieu of WARN notice. Some
People get 60 days and others 90 days. It depends on which state you live in. What this means is you will be on Citi payroll for either 60 or 90 days but you will not be working as your access will be revoked and badges to enter building will be cancelled. During that time you will get your severance. After the 60 or 90 day period you can apply for unemployment if you haven’t found a new job. So for that person who says its weird, its not. People have already been cut and they are cutting more people as the days go by.
Its weird.. How are you already laid off when the company is yet to make decisions on the overhaul? Doesn't add up what we are hearing through rumors, town halls, etc.?
WARN is by state - some 60, some 90, but only if Citi doesn’t post in advance and the layoff qualifies.
Can you please tell if WARN is 90 days before Severance kicks in?
Yes re-employment assistance for internal roles and assistance for employment outside of Citi. Just know if you’re role is eliminated Citi will try to help you.
OP - When you say re-employment, are you referring to opportunity to apply to other internal roles?
At least they took care financially. What was your role in tech? Can ypu please share?
OP here. Theres hope. I was still cut BUT Citi is doing right by me. Ive been provided tons of financial and re-employment assistance.
OP - Any updates? Can you please let us know if you re comfortable sharing?
Did you get WARN payout or simply Severence?
Thanks OP. Sending you best wishes for the next opportunity. When you say Tech, were you an engineer? Or were you Support function? Thanks
Hey everyone OP here. I was on the tech side. From my understanding theres no specific criteria except for they are looking to save money when making cuts. I was not in IA however no one is safe. Ill come back tomorrow I should have more information in the afternoon.
I'm so sorry you were let go. I hope you get a good severance. I'm also in ICG. Were you on the business side or tech?
OP - Thanks for sharing the group = ICG. Can you please shed light on the team and the role? Are you in Internal Audit by chance? Also all other C12 and C13s under the senior manager you indicated - are they IA in ICG as well? Any insight here will give a good picture to all. Thanks
Ratings are given before self assessments are due in the system. Most managers ask for a one sheet of your self assessments/accomplishments prior to calibrations, outside of workday, so they can use it to help fight your case in calibrations though.
not likely perf related as end of year calibrations have not occurred yet and employee self assessments have not yet opened though I am convinvced ratings are completed prior to mgt even reading the self assessments
Not sure if it was performance related. Every year Ive been ranked a 2. I was the only one axed on my immediate team but not the only one under same Sr Manager. There were several other C12 and C13 let go.
Who notified you?
Saying it “must be performance related” is 1) mean , 2) based on zero info, and 3)used as a crutch to give yourself a false sense of security and rationalize it a way to make you feel safer. At his expense.
Do Better.
most likely performance related layoff - as OP said he was the only one to face the axe in his/her team. Good luck OP. You will be fine
are you going to say which department and which business line? Lol
Sorry to hear, all the best in your future endeavors. I'm sure better opportunities will come around. I'm also in the NY office.
Are you within IA ICG?
How they just told you to log off without giving you a package or anything?
It is really hard to focus @1yoa+1oOKDlah. I'm trying to work on projects, attend meetings that seem like keeping up appearances, and productivity roadblocks changes due to management shifting or leaving. I find myself drifting into thought and I have to take a break and walk away for a bit. Of course it's much worse when it's an office day.
I'm so sorry you were laid off today. I agree that you should call your HR rep or HR in general about your package. If you don't mind me asking was it an in office or with day for you today?
Sorry to hear that and best luck for the next chapter.
Just curious if you dont mind sharing. Is this layoff has anything to do with performance?
Don’t wait for HR to call you. You need to call your HR rep tomorrow a.m. and ask what your package will be.
Some people are in denial about the scope of the cuts. Jane said clearly that less is more. They said that there are 8 phases which means far reaching to all levels. Sorry for people being cut but things will get rocky soon. Hard to focus right now.
I was in ICG I was told today and asked to log off right after the announcement. My access was immediately revoked.
Sorry to hear. Which group were you in? and if you don't mind sharing your role
I was notified today no package information has been given. Im in NY and I was the only person on my team released. Right now Im in the dark not sure what I will get.
What department/function? how many days did they give you until last day?
I'm sorry to hear. I hope you were able to get a good package.
What location are you in? Was your entire team layed off?