Layoffs hit today. 6+ people from the org are gone.
26 replies (most recent on top)
Someone here said Bora Bora means goodbye, adios in Brazilian Portuguese. It figures this is why Citi chose this despicable, idious Project name.
You're right. From what I've seen all year since March 2023, Citi tends to layoff on the third week of the month. Citi may not do it for all or 100% of layoffs, but maybe for most layoffs.
exdb+1pnByr8F I was laid off the third Thursday of the month and January seems to be a pattern
You know what, Citi might actually let the axe fall on Monday November 27 or during that week. There were people who were laid off around the 3rd week of the month in March, June and September. They were still showing in Global Directory for 30 days after their Outlook mailboxes got full and MS Teams was showing them away or not online after they were fired. The only reason why Citi might wield the axe on Monday Nov27 instead of the previous week is because of the Thanksgiving holiday. But what do I know. Citi and companies in general do NOT care when they fire people (and these people's families because families get affected) a day before, week before or on the day of the holiday. Employers are cold and callous, have No soul and are evil. A former classmate got a layoff email from JPMorgan Chase on the Memorial Day holiday 10 years ago. He said about 80 people got the layoff email that told them to clean out their desks when they return to the office the next day. Security guards will be there to watch them clean their desks and take their personal belongings. This was pre-pandemic.
Stuart Riley Co-Head of Technology was fired today "leaving Citi effective immediately" according to Org announcement this morning. Another Citi LIE about getting rid of Co-Heads. Why was there a Co-Head structure to begin with?? As someone else here said, Citi could have simply moved Shadman and Riley both under Mike Whitaker and called it a day. When will Companies wake up and realize Co-Head, Co-Director, Co-Anything structures Never and do NOT work??? Time and again it's happened in Companies for decades there will be a power struggle or disagreements about the Department's direction, strategy, plans, whatever. Citi is just plain FUBAR in so many ways and for so many reasons.
Agree
Oh boy. Citi HR watchdog groups won’t like that one. I’m sure they’re scribbling down notes now.
Guys, HR and Citi legal are on top of their game, yes that’s true but they are not Gods even though they want you to think that. Regardless of any NDA, you are protected under the Department of Labor whistle blower protection and various other legal protections. You can voice your opinion, its free, its legal. Yes, to keep the possibility to keep from being harassed its best to post anonymous.
What does that tell you about the leadership if you are retaliated against for having a difference of opinion.
Naturally if you give away trade secrets or incite violence that’s a different story.
It would be fun to sue Citi for violations of Civil Rights, the 1st Amendment, Constitutional Rights and NLRB / NLRA Labor Rights. Drag Citi's name through the mud even more as if it doesn't already have a bad reputation from all the negative media reports. Good luck attracting top performers. The first employees to leave and they continue to do so since the beginning of 2024 are the ones with choices because they have in demand skills and knowledge that employers want or need. Citi's bad rotten reputation will only attract unemployed desperate applicants and this also includes students or those who just graduated from school, which still means they're unemployed. No one in their right mind who has even a somewhat stable job will take a chance with changing employers and taking a job at Citi. So basically the only job applicants and future employees Citi will attract have only 2 choices, working at McDonalds or Citi.
As @5cyo+1pnByr8F poster pointed out, employees at Citi do not believe the VOE is anonymous. And so employees either do not fill it out or lie and say how great everything is at Citi since Citi only wants positive comments. This defeats the whole idea of having a VOE Survey and is a waste of Shareholder money. This is also the opposite of what Jane Fraser and Citi claim they want to do, that is save the Shareholders money. If Citi only wants positive comments including what's posted on this site then Citi should scrap the VOE and save the Shareholders time and money. Citi Gest@po hypocrisy and lies as usual.
Just FYI, there is nothing illegal nor proprietary in sharing work experiences online, you can't be fired for that. It's called NLRA protected speech (google it), meaning - employees have the right to discuss their wages and work conditions with each other (both in person and online), and employers are prohibited from interfering with, restraining, or coercing employees in the exercise of these rights.
On top of that, in Feb this year NLRB issued a decision which forbids companies to demand silence from laid-off employees through confidentiality provisions in their severance agreements.
Just don’t post something considered libelous or illegal (like threats, violence, some trading secret), and you are good.
But the other posters are right when saying the posts should stay vague enough to minimize the risk of being identified - just to stay on the safe side, cause they could find some other lame excuse to make your life miserable if they want to. I would also strongly advise avoiding using corporate devices when posting online, and the use of some VPN service to hide your IP.
I keep seeing here and there things of ‘be careful Citi can try to check to see who’s making posts’. So what does that look like?
No one believes the VOE is private. So they make posts here to vent out their true concerns and feelings. Citi digs and digs, tries to get court orders to release such information etc…does whatever and manages to find out who is making whatever posts are on here and terminates their employment. Are they really going to go down the big brother is watching you, monitoring your every move, road? The only way you’ll be safe is to only make positive posts about Citi, is this what its come to now? If so, is it worth it?
There are these things in USA called First Amendment Rights to Free Speech and Constitutional Rights.
Just curious. how is anything on this site a violation of the Code of Conduct? If that's true then everyone who's been posting on this site is in violation and that's hundreds if not thousands of people. You can not cherry pick just because you disagree with one or a few posters. No one's posted non-public info. Just criticisms about Citi.
@5ekz+1pnByr8F Your comments directly violate the Code of Conduct. The firm could quite readily request a list of inbound requests to this site and identify you based on basic HTTP header information. The last vestige of truly anonymous communication would be a pay phone, not the WWW.
Thank you Poster @4xfl+1pnByr8F from "Human" Resources Department, Executive "Management" or an MD. I and everyone else on www.thelayoff.com, this Board, prefer NOT to drink your (p0isoned) Kool-Aid. Help is out there. You need to stop drinking the Citi p0isoned Kool-Aid and stop smoking Citi Cr@ck. Stop being a lemming and end up following Citi, Jane & Company off a cliff ! No one is buying Citi's LIES and disingenuous BulllShlt especially when Jane Fraser and her sycophants exclaim during the townhalls "help us help Citi deliver its full potential as a bank" while we ask employees to dig their own gr@ves and while Citi keeps firing the employees"!!!
to the poster below, I would encourage you to stop drinking - help is out there
For those let go, they are in shock, worried, confused and have a lot to think about. Let’s break from the norm behavior that Citi instills in us and give them a break.
This board can be overly relentless on demands of those let go on the details therein.
The sentiment is “I know you were let go but give us all the details of who, what, where, when. Anything less than 100% disclosure of the complete picture of you being shocked and embarrassed during the whole experience is proof that it never happened. We demand to hear about the whole painful picture. Relive it in front of us.”
Let’s have a little sensitivity and give them a freaking break. If they want to be vague on the details, so be it. If they want to relate 80% of it, fine, 50% of it, still fine.
Were they given 90 day notice?
You could post a general area like Fraud, Risk, HR, Technology etc. had layoffs today.
You do not have to post specifics like Fraud Operations, Risk Policy, Cards Technology.
I’m not the OP.
Yes there were some people let go in Tx.
No, it was not widely advertised or mentioned in a group email distribution or meeting. Yes the group is small enough to where if you related the group name, it’d be very easy to narrow down who’s posting it here. That’s all I’m saying.
@dmi+1pnByr8F I don't want to give to much information as Citi can figure out what team/org I am under. But there was at least 6 of my co-workers cut today. The ones that were cut were pretty much obvious and the ones that I personally thought were going to go. They were not over achievers or any spectacular employee for that matter. All were FTE's based out of a TX location.
Can you give us more information? 6+ doesn’t tell much
Which org?
TX area.
Which sector/team?