Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Next round

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 

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 

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?

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!

by
| 1340 views | | 7 replies (last April 8, 2024)
Post ID: @OP+1rRoBuab

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 

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?

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 

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 

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 

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 😉

by
| 570 views | | no replies yet
Post ID: @OP+1rOPjMNB

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 

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..

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 

Start a new thread - post a news comment, question or message:

: