Quite a few of these roles are C15 with some being C16's. Some are NYC, some are Tampa. Right after rounds and rounds of layoffs. What gives?
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True. The cost of paying severance is less than the cost of a lawsuit(s).
I've seen PowerPoint presentations during meetings that showed the department is hiring for the same exact jobs that were "laidoff" only a few weeks or months prior.
Not true.
If you've been working in Citi long enough to see a pattern, Citi goes through periods of Layoffs, only to realize Citi Laidoff high performing employees and the employees Citi chose to keep either are NOT as skilled / knowledgeable Or simply can Not do the job as good as the Laidoff employees.
Then Citi posts a job opening for the same job description as the Laidoff employees.
In other cases, We All know that companies including Citi use "Layoffs" to Fire employees they do Not want, in order to avoid litigation, getting sued or bad blood.
Avoid bad blood because certain employees have deep industry connections and industry reputations.
We've all witnessed "Laidoff" employees' job descriptions suddenly get posted on Workday 8 ++ weeks AFTER the ostensibly "Laidoff" employees' Non-working paid period ended.
If they were truly Laidoff and their roles/jobs were No longer needed, then why is Citi Hiring for the same job ???
Lather, Rinse, Repeat 🛁
Believe it or not - sometimes you use layoffs to free up headcount to hire other roles
@a9 as an example, check below:
https://jobs.citi.com/job/new-york/head-of-markets-finance-desk-technology-director/287/102161063680
https://jobs.citi.com/job/jersey-city/global-head-of-collateral-monitoring-operations-director/287/102161050544
@OP Probably existing H1Bs or new ones to be imported
What are the criteria for selection ?