Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Warning: For those working in Rutherford, Jersey City, and NY, O&T Jobs going to Pune and Tampa

Tipping of all current colleagues, NJ and NY will no longer be a hub for operations and technology next 5 years.

If you are in front office,you probably be fine as long you keep your numbers up and pick the right politics.

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Post ID: @ZppEKPr

9 replies (most recent on top)

Years ago they would just freeze ur salary....assuming you were over the max for that level. This was years ago when San Antonio opened and a lot of NY based employees relocated. Thank you for sharing.

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Post ID: @ZppEKPr-amvm

Someone in my group asked about volunteering to go from JC to Tampa. She was told that she'd have to take a 27% pay cut and no relocation expenses paid. Now that you can't deduct non-reimbursed moving expenses from your taxes, the math doesn't work. L

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Post ID: @ZppEKPr-arll

@ZppEKPr-2xtf

I got tipped off infosec will be moved to primarily Poland over time. Unless your job is absolutely required by regulation or needed in NAM, there's a high chance.

A hint that one is coming is if your boss asked details about your tasks more than usual or you are interacting with Poland often.

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Post ID: @ZppEKPr-8obp

It is just a matter of time before no tech above the Mason Dixon line....we cost too much...all long time employees. SD will also be impacted....a lot of long term employees there too.

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Post ID: @ZppEKPr-8vcd

We are hearing by 2021/early 2022

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Post ID: @ZppEKPr-3ahg

Does this affect Infosec teams in NJ as well?

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Post ID: @ZppEKPr-2xtf

@ZppEKPr-1xmd

They been accepting volunteers for years. There will be a "cost of living" adjustment to your pay and so far no volunteers have relocation reimbursements. There's no guarantee Tampa is layoff proof. I only advise to do so if you are close to retirement and plan to retire in Florida.

If your manager directly asked you if you would like to volunteer, I have to say you are expensive enough to be on a potential layoff list.

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Post ID: @ZppEKPr-1qln

Are they accepting volunteers?

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Post ID: @ZppEKPr-1xmd

How long do we have?? I heard this as well today though the grapevine. Frantically looking for new opportunities to leave this pile of sh-- company.

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Post ID: @ZppEKPr-edz

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