We all survived 2 major layoffs as of now . Management will stabilize env for a while before next layoff. Now employees, managers will be under constant poll for deliverables. Each manager has to fight for his employees or his position will be... — read more
Vote Proposal #8 on your proxy statement Take a look at page 131.
https://www.citigroup.com/rcs/citigpa/storage/public/Citi-2024-proxy-statement.pdf
Development plan - can it be a trap?
It is rather sad to even write this as it shows how little trust there is between my line manager and I. My manager wants to do a development plan and "help me to succeed" - it was one of the tasks in workday. Is it a trap? What shall I look out... — read more
Does minimum reports requirement include contractors?
Or do they all have to be employees
Shareholder voting vs DEI reporting. Proposal #8 is interesting.
There is a section that says: “The board of directors recommends that you vote AGAINST proposals 5-10.” Beneath that is proposal 8. Proposal 8: Stockholder proposal requesting to report to shareholders on risks created by the company’s diversity... — read more
First Year Guaranteed Bonus
I started at Citi last year. They guaranteed my bonus for the first year. I remember hearing that I would have to give it back if I left within a year. Does anyone remember if the requirement was a year from hire date or a year from receiving the... — read more
Exception
Can the CEO give me an exception to be a people manager even though I have three direct reports?
When you receive Severance package amount?
When do you receive the severance package $? Is it on the day after which non working notice period starts i.e. 15th April? Or is it after the notice period ends i.e. 29th June?
What happens to your Stock Grants when you leave ?
What happens to your Stock Grants when you leave ? Is there any one who got stock grant ? any "D" or "MD's" ?
Settlement package
Anyone tried to negotiate their redundancy package? what's the outcome?
IC
IC here after they took away my team but they want me to manage them still. Insane request and beyond demoralizing and clueless of these incompetent politicians who continue to operate
Layoffs over let the restructuring begin.
Big shakeup in Finance with several MDs out and new head coming in from JPM. This could be an exciting time for those of us on the train. New roles, new development opportunities, new talent. Choo choo!
Remaining leaves at the time of layoff
It will be great help if anyone can share there knowledge on below- Severance package includes the remaining paid vacation, sick leaves and other leaves? Or just paid vacation is encashed at the time of layoff?
Challenge accepted….LOL
A week ago during a team meeting a manager gave the rhetoric of do more with less, work longer etc…capped off with “if you don’t like, you can find a job somewhere else”. He replied on the call with everyone to hear it, “challenge accepted, I... — read more
Citigroup can still survive but at this time has no growth potential in the near future
First I would like to say sorry to everyone who has lost their job at citi. As an employee at citi for over 20 plus years I have seen many changes and layoffs at citi. I was disappointed when city changed their... — read more
Citigroup to slash nearly 200 North Jersey jobs through June. Here's where
https://www.northjersey.com/story/news/2024/04/03/citigroup-to-slash-nearly-200-north-jersey-jobs/73183191007/
Even insiders are admitting the real issue at Citi
https://www.efinancialcareers.com/news/citi-equities-insiders-on-the-real-problem-london-management-poor-promotions I can see that in my own team - managers can barely speak English. My manager is shouting at team members - he tried to raise his... — read more
No direction, no strategy
What is our path to future revenue growth? Is there some overreaching plan that I'm missing that does not include laying off more and more employees each year? I truly hope there is, because if that's the only strategy this leadership can come up... — read more
Exhausted
The reorg is poorly done, I am exhausted. No vision on what to do next? Is I am the only person feeling this way?
Don’t hate me, I actually think my team need to be cut soemwhat
For example, today there is a 10 person call, and only 5actually have some inputs, all others are just hanging out. Lol.
Competition vs cooperation
With layoffs constantly hanging over our heads, everything has turned into competition instead of cooperation. Personally, I think it makes no difference. No matter what you do, if the numbers make sense to those on top, you'll be gone. Making... — read more
"Supporting your right to vote"
Does anyone know why this was sent more than 7 months before the election?
Stop playing lawyer. Save yourself some time, confusion and anguish.
Lots of controversy over what is fair vs. what is legal. These are two different things. Place all the arm chair lawyers advice aside and get to the facts as per your state. It’s rather simple and you can find the answers to all your questions... — read more
NY WARN
https://dol.ny.gov/system/files/documents/2024/04/warn-nyc-citibank-n.a-3.30.24-2023-0308.pdf
Any layoff details for TX?
Did anyone get any information if TX residents get a 60 day WARN period? Trying to got thru seperation policy and see its 2 weeks per year worked and also see 12 weeks of base pay for those earning over 100k, which one is supposed to be applicable?... — read more
If at all possible, leave Citi
You don't want to be stuck in this mess until the end of 2026.
Separation Package - More Info
I actually have an amazing HR person who is/was always very responsive. Emailed her on Saturday and got her response at 8:45am this morning. Not a lot of info but at least some clarification for those who got laid of in US. (I'm located in NY HQ... — read more
APAC - HR EXIT PROCEDURE/SEVERANCE DISCUSSION
Has anyone in APAC(india) insist to let go on last week received any communication from HR to discuss exit formalities and severance package?
Side business while employed
I’m thinking of starting my own business, landscaping. Am I required to report to hr, does anyone know the process
Realize tomorrow is April 1st..
Think your safe... Ha ha ha ha Fooled you!!! Now if you make it till 2nd of April..well thats different 😉
Citigroup makes final round of layoffs at this Florida office campus
https://www.bizjournals.com/southflorida/news/2024/03/30/citigroup-layoffs-florida.html
DEI, Consultants are back and will be increasing
Get ready for more issues from DEI and Consultants. Already I noticed their numbers are rising inside Citi.
Will anyone ever ask Jane a real question during a town hall, instead of the usual canned and rehearsed cr@p that usually occurs?
And would Jane have the courage and moral compass to answer an honest question? Here's an example; how much $ did Citi pay BCG for their role in this reorg debacle? 1
Lawsuit against employer,can they blacklist you?
Will filing a lawsuit can blacklist me? They gave a pip which is not deserved.
I don't know where to apply
The main reason why I want to leave Citi is the lack of job security. I don't want to spend the next two years constantly stressing over the ever-present possibility of losing my job. But no matter which company I start researching (on this forum... — read more
HR is useless. This whole debacle just amplifies this revelation. Time to let them go.
As if the layoffs or threat therein aren’t bad enough, dealing with HR makes it exponentially worse. Its like a last dig from Citi. Yeah, we’re letting you go but now deal with these clowns, let the games begin. Post after post of HR telling you... — read more
Exit Package/Pay/Severance???
Anyone get any details on Exit Pay or Severance or anything like that. I received notification this past Monday was my last day due to org changes, and no other details..
Got an email - NY WARN Notice - 388 Greenwich Street
90 days WARN for NYC folks.
15K to Go...
The bad news is, by the end of this week, some 5,000 people who worked for Citigroup in September will not anymore, including some 1,500 managers. The good news is, if you still work for Citi on Friday, you’ll get to for at least a little... — read more