India and China teams get affected? We are low cost zones

Since consulting companies already have huge presence in the firm especially in technology, would these jobs going to be moved to them and employees transferred? It did happen before and happening at other companies

I imagine so since there is a lot of dead weight but I just want to know if anyone has heard anything definitive

Since NYC workers are paid the highest to perform the same roles as people paid much less in other locations, does it not make sense that they are probably at greater risk? If it's about saving money, wouldn't you cut out the biggest bills?... — read more 

Does this layoff affects Consultants and Vendors ? Usually we are the first one to go.

I am an outsider. Analyzing the financials of the company per my friend's request. Please pardon for any wrong estimations. Third quarter 2023 is on October 13th, fourth quarter is on Jan 12th 2024. The details of layoff will be out starting this... — read more 

Every one will be affected. But how much % of each will be ? How much office politics and redtape in company is going to play in retaining favorites during this layoff ? H1B - if they lose job, they have to return back to their country as 60 days... — read more 

If you have a new offer for Citi, please don't join. Try to stick where you are. This is not a place you think that you will have good salary or hopes. The company doesn't have any strategy with both Business and Technology. They hire some fools and... — read more 

I recently joined CITI with all new hopes. But I am scared now. The culture is weird and I will be missing a good severance from my old company.

EO&T still appears hiring in all regions especially Production Support Technology functions with VP/SVP roles. Are the technology groups, global functions groups in strategic locations not impacted ?

Jane is useless and her strategy is worthless. She should resign. Useless Hiring & Onboarding Strategy - She hired lot of people in past 2 years - Infact these people are not yet onboarded completely because of redtape in organization. These... — read more 

https://youtu.be/1-fTGY-G9MM?si=kc_7rkSQkSJwhcM4

do we think it's smart for citibank to be laying people off in risk/compliance? https://www.pymnts.com/news/banking/2023/citigroup-layoffs-focus-on-support-technology-staff/

All this speculation and guessing about layoffs is guaranteed to get some people to decide they want out of this mess and quit. And every single person who leaves on their own means more money saved for Citi. They are doing this on purpose... — read more 

Apparently it appears there will be no massive wave but cuts will be in bits and pieces and mostly under radar This will help firm avoid the bad publicity as well as severances

So why does USPB feel that they are safe including IA USPB? No one is safe at citi at this point

I was laid off today. For those of you who have questions Im available to answer them.

I have had some say yhey don't think they'll be affected. Some have even believed it was over and done with. Some are only concerned about keeping their hybrid schedule. I think when you've been at a company for such a long time, you believe it... — read more 

I left another job to join Citi and now I'm starting to think I made a huge mistake. Will I get anything if I'm laid off?

Citigroup Inc. C alerted employees in the U.K. of probable redundancies as part of the bank’s previously announced reorganization efforts. The news was first reported by Reuters that cited a... — read more 

Interesting to get this with layoffs looming. Not sure it means anything one way or another ?

Leadership has confirmed mass layoff notifications will begin on the week of October 23rd. Best of luck everyone.

We can begin to dust off, update our resumes or breathe, meditate, generate positive vibes and let it be. Many rumors being created for lack of specific information. We all have our own personal situations which will determine how we all deal with... — read more 

I was released on 9/20/2023. I have no idea on the scope of layoffs but was notified the documents detailing the process will be sent within a few weeks..seems HR is busy

I can't be the only one who's noticed the drop in quality of new hires. And I can't be the only one who's not surprised. We're trying to skimp on salaries when hiring and still hoping to attract top-notch candidates. That's not how things work... — read more 

https://www.reuters.com/business/finance/citi-warns-uk-staff-cuts-hundreds-roles-could-be-affected-memo-2023-09-22/

https://www.reuters.com/business/finance/citi-warns-uk-staff-cuts-hundreds-roles-could-be-affected-memo-2023-09-22/

They always send these emails before layoffs to make sure they have all of your information correct. 🙄

Anyone know if they are taking volunteers that would leave in exchange for a severance package?

Is severance package based on org or location and YOE at the firm? What is the package in CTO / CAA / GPA groups in Tampa and Irving? Unless these groups are exempted from upcoming layoffs as they are mainly technology

so they want everyone in audit to tune in for the townhall meeting to discuss the org changes and the way forward. But so far all these townhall meetings they have been saying the samething. Wondering if there will be cuts in IA given that they... — read more 

They have obviously have secured their jobs! The rest of us are on pins and needles. No targets? Can you share strategy?

Most impacts will be felt before the end of Octoboer since the firm has to give 60 day notice per most states (WARN). It is my understanding that no area is safe even those "under consent orders" as the firm can just tell the fed they are... — read more 

https://www.efinancialcareers.com/news/2023/09/citi-cuts-in-london

Is CTO/GFT in Tampa and/or impacted? Any impact on Production Support teams in Irving?