How is this being kept so quiet? Are they asking the people who were laid off to not talk about it or something.
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I’ve a early Monday meeting if that gives you any sense of timing
to the person wrote this
You’re assuming:
tons were laid off today
people instantly post their layoff on these boards
that this is more “silent” than any other layoff. If they’re your team mates or friends, you’d know. Otherwise you find out when their email says “presence unknown “
their email might say that, but it's not ineffect untill Monday. as I sent email to one of these people with Presence unknown, and that person replied.
also on team chats they are active.
so maybe they are laid off or not, nobody knows for sure untill later this week.
As predicted looking like Monday will have more layoffs. Some mgmt have taken timeoff all week. Coincidence or they know.
No one saying anything as they had to sign NDAs. The big announcements will start Monday morning.
WARN has nothing to do with your role. It’s a state by state regulation. If a company doesn’t post a WARN notice in advance, and the layoff fits requirements for that state, they pay for the WARN period instead.
Do BAU (IT, HR, Marketing, etc.) employees get the WARN period?
Most employees don’t get garden leave.
What you’ll get is any WARN payout period then severence. You can talk about being laid off, but Citi doesn’t send out announcements about layoffs, unless it’s someone very senior. If it’s your team you’ll know, if not you won’t.
7k were laid off this year prior to the restructuring announcement. There wasn’t any noise hardly at all about it - layoffs are always done thar way.
I personally know of several co-workers in Audit and Compliance who were laid off in September. The Chief Auditor needs to be Fired with a Capital F-ck-ing F. He's a Lazy AS$H0LE, doesn't do any work and passes down to work to underlings. All while taking credit for his Teams' work and success.
Garden leave is addressed in the employee handbook. Youre not allowed to talk to colleagues.
The audit team I'm on avoids addressing layoffs. Within the past few months they kept saying they don't believe their impacted but also not so sure. Don't trust it.
Yea I havent heard anything much either especially within NY office. Do believe MDs and directors know by now who within their teams will be laid off
Looks like this is the phase where every Manager is rating their directs. Most likely, all the low performing directs will be push out first along with random c11-13 who are new to role, company.
Of course their is always room for favoritism, nepotism and so on.
You’re assuming:
- tons were laid off today
- people instantly post their layoff on these boards
- that this is more “silent” than any other layoff. If they’re your team mates or friends, you’d know. Otherwise you find out when their email says “presence unknown “