#finance

Crocs is laying off MORE people in April of 2026, seemingly across the HR, Digital, Retail, Finance, IT, and Digital organizations, ahead of an outsourcing to Infosys.

guarantee bny will do all this work and will get stiffed when it comes to getting paid by the administration

What wrong with ESPP?! I got the email that shares were purchased at 108$ each for 10800$ worth but I'm only getting 85 shares instead of 100! WTF! Is it taxes?! If I sell now I basically just get back my money (actually 40$ loss).

Looks to be a well coordinated strategy to push earnings call to March 31. The drop in share prices is almost 15% now, wiping out any gains on ESPP.

This is as pathetic as it gets, no need to invest in ESPP going forward if this is how cheap this company is going to get to.

MF is literally MF.

Several financial firms announced layoffs in New Jersey during March. These cuts total 409 positions across multiple companies. Prudential Financial, Fiserv Solutions, UBS, and JPMorgan Chase were impacted. These layoffs contribute to a broader surge of job cuts nationwide. The state has recorded 4,715 total job cuts in 2026 so far.

New Jersey

https://njbiz.com/major-financial-firms-cut-409-nj-jobs-march-2026/

Heard we lost some long timers in a group at Finance accounting.

If you had invested $1000 in nike stock back in 2015, you would have about $1000 now.

If you had bought $1000 of Nike back in 2015 and sold at the peak in 2021 you would have had roughly $3673.

If you invested $1000 in Apple stock in 2015, you would have $8,233 now.

If you invested $1000 in Amazon stock in 2015, you would have $12,000 now.

If you invested $1000 in Tesla stock in 2015, you would have $27,692 now.

If you invested $1000 in Nvidia in 2015, you would have $347,916 now.

JPMorgan must face Wells Fargo lawsuit over troubled $481 million real estate loan | Reuters https://www.reuters.com/legal/government/jpmorgan-must-face-wells-fargo-lawsuit-over-troubled-481-million-real-estate-2026-03-30/

Finance and Global Sourcing got hit.

SB didn't get what he deserved, quite the opposite.

He has a golden parachute, which only pays out reliably IF/WHEN the company isn't in CH 7 or 11. Parachutes get trimmed down, and sometimes eliminated entirely in bankruptcy.

They didn't throw him out a window, they put him in a life raft. He'll get paid out, and after that, look for CH11. IF anyone here read up on his nonsense agreement and knows what the payout timeline is, please chime in. That is a good indicator of when they might be filing.

Nuveen Plans £175m Staff Retention Pot for Schroders Employees

https://citywire.com/new-model-adviser/news/nuveen-commits-to-keeping-cazenove-and-plans-175m-staff-retention-pot/a2485807

Any ideas as to why a company would choose to loose four days worth of interest on money paid for wages four days early? I don’t see any sort of holiday either here nor in Buenos Aires… selling? Shutting down?

ORCL is under $140, might get below $130 next week.
MAG 7 is flat at best.
10yr Bond is approaching 4.5%, screaming rates are way way too low.
Good for cash, bad for credit debt.
Crude is now over $110.

Not good at all !!!

Is it possible? When do you think it will happen?

DOW is recovering. FISERV is not. Glad I’m out of my position (both the job and the stock).

260 euros to 175 new target. That is a huge reduction!!!! Why?

https://finance.yahoo.com/markets/stocks/articles/jpmorgan-cuts-sap-neutral-cloud-085540218.html

Lots of freed up $$$ to teach Citi how to restructure and fire people.

Any word on the next date for JE’s?

anyone knows

Thoughts on the wealth solutions restructure?

Who keeps/holds Fiserv stock?

Public service announcement - if you were laid off in 2025, you should still receive the company 401k match. It was contributed to accounts on March 13, 2026. Check your 401k accounts to confirm. Also, if you were contributing to the Citi company stock fund through the 401k, you should still be able to vote for shareholder resolutions related to the annual stockholder meeting held during the 2nd quarter, so keep an eye out for that proxy communication.

Curious to here if anyone knows what percentage of actual roles will be replaced with AI here at T. Everyone knows swe positions will be consolidated but what about other roles . Anyone have any stories of it haopening

Hey anyone who retired last year and eligible for 2025 bonus...did you get paid today and if yes, was it mailed or direct deposit?

with the 15th being a holiday will they sell on 3/16 or 3/13

Hearing to 15 bucks a share

I have a concern regarding the tentative agreement in the Northeast.
I realize we paid a heavy price in 1989 and, as a result of that sacrifice, were able to keep essentially cost-free medical benefits for the next two-and-a-half decades.
However, uncertain economic times in 2016 resulted in us, fairly or not, shouldering more of the burden, not only the men and women that had 20, 25, 30, 35... years on the job under their belt already, but also the retirees now had to unexpectedly pony up and adjust to this new and unexpected financial burden on a fixed income based on earlier reasonable expectations and assumptions, if I understand correctly.
I am now hearing murmurings about about retiree healthcare skyrocketing, from, say, $60 a month to 10X that amount, $600 a month, for example. I hope these rumors are wrong and that I am needlessly worrying about something that will never come to be.
Are there any guarantees built into this new tentative agreement that shield both our current retirees, as well as those that will eventually be joining their ranks, from the future uncertainty of exorbitant increases that will make affordability a larger hurdle, if not an impossibility, for the elderly who served their union and their company well?

How do we keep haw a declining stock prices. All my ESPP is worth nothing. Putting money on my bank account at 0% would be worth more

Finance is now a complete joke. Management does not know the inefficiency of these endless forecasts, scorecards, and endless requests on a daily basis. This new op model is half baked at best. They know not, nor care about the chaos they created and how much work it will take us to unravel and produce these on a regular basis. F it. F them. F this new op model. Whether or not this sh-t show is by design to make us quit is irrelevant. It is completely unsustainable and we will be forced to quit for our own sanity. Most of our time is spent trying to get clarity and not on value added work. What a waste of time. People at the top should be held accountable.

AT&T Debt 2013:
Long-Term Debt (End of 2013): Approximately $69.29 billion.
Total Liabilities (2013): The company had a substantially lower debt burden compared to the post-acquisition peaks

AT&T Debt 2026 (Projected/Early 2026 Data):
Total Debt (End of 2025/Early 2026): $136.1 billion.
Net Debt (End of 2025): $117.4 billion.

So the brain trust didn't hand in their homework and asked for an extension to file their year end numbers. I'm sure the numbers are great, and they didn;t lie through their teeth on the earnings call.

Does anyone know where to find our bonus payslip for this Friday? I’d like to see the actual amount and there’s nothing on Workday - of course.

https://finance.yahoo.com/news/reddit-still-furious-t-47-125619599.html

If you’re in tech all is not lost, gloom and doom and all that jazz. There are other companies out there outside of finance and banking that also use AD, exchange, sharepoint, SQL, firewalls, linux, unix, routers, switches, vm’s etc….

Citi is not the only company on the planet that ever uses these things.
Finance is not the only sector on the planet that ever uses these things.

Expand your job search as this ship is sinking. It’s always mystified me that people will job search with only the big banks and call it a day, “there’s nothing out there and I know that as I searched the big 3 banks and didn’t find anything. No use to look any further elsewhere. I guess I’m just stuck at Citi.”

Block initiated layoffs affecting its workforce. Sixty-one Colorado jobs were specifically cut. These reductions are attributed to AI-driven automation. The company is also laying off thousands nationwide. Block predicts this trend is the start of a larger wave of automation layoffs.

https://www.bizjournals.com/denver/news/2026/02/27/tech-layoffs-impact-denver-employees.html

Anyone want to guess?