Have anyone been successful in negotiating a higher severance amount? I left an organization to come here that had an amazing severance package. I was skeptical about coming here because I liked the cushion the other company had. I thought the minimum was going to be 6 months here but just received a 3 month offer.
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What you MAY be able to negotiate is your termination date IF delaying it would be beneficial for you AND you have some VERY special capabilities that would be worth it to Citi to keep you around a bit longer. And expect that agreement to include a clause that you are present and actively participating with a big smile on your face at every moment of the day through your extension. You might squeeze an extra 4-6 months this way which could be valuable in this shithole maga economy. But you first will have to have been so valuable (and not just in your own eyes) that it's more likely that they approach you with this offer in the first place, and if you're at a lower level in the org you have less and less of a case. Apart from the above extremely rare scenario, here in the US under employment-at-will (e.g. union-busting) rules, you get what you get and ain't nobody give a sh-t if you get upset.
"Has" not "have". You need to articulate well to initiate negotiations.
Heard in US it’s state mandated notice plus 2 wks per year. Example nj or Ny warn needs 90 days, FL warn needs 60 days. Tx too 60 I think.
@jw I volunteered in Feb '26 this year to be laid off (after working my a$$ off for years and totally burning out :D).
Basically, I informed my boss that I'll not mind being laid off and this idea could save someone else's job and give me some cushion to plan my next move. I feel I'm done with the corporate world, so need to start something from scratch.
Volunteering to be laid off, doesn't always work though. I couldn't get on the July and September lists but my boss confirmed that it's happening this time in Jan. If time is not a constraint and you are willing to stay until you get the boot, this might work.
It's a double edged sword. I found that still working and giving 100% for months or an year takes even more out of you when you have a foot (or mind) already out the door. I've trained my successor in one of the areas months ago, he is still happy I'm here and we are "co-leading" that area now but he is probably wondering why I'm still here :D
In few other areas, I've already become redundant but still active and contributing, almost like a consultant.
How do you know for certain you're on the January 2027 Layoff list ??
Did someone show you the list ??
Wrong. The poster Post ID: @j8+1m50866sf said he/she is in Canada.
Just like most European countries, in Canada you get one month severance for every year of service.
In the USA, you Only get 2 weeks severance for every service year. Fvcken Svcks!
In the posters case in Canada, he will get 5 months severance.
In the USA, you'll Only get 2 weeks salary x 5 years service = 10 Weeks severance = 2.5 months severance.
I need to emigrate and relocate to Canada or Europe!
During your Non-working period, you're STILL an employee of Citi, although categorized as "Not an Active" employee.
Since Poster ID: @j8+1m50866sf Non-working period is 2 months, the Poster Still accrues Tenure AND PTO during these 2 months.
This means he will achieve the 5 years tenure DURING his Non-working period of Feb through March 2027.
He'll also probably be eligible for the 401k pension company match OR whatever pension program they have in Canada.
@b2 It's actually two weeks for every year of service
@gk I believe that applies to people with 5 or more years of service with the same employer, correct me if I'm wrong.
Wonder what happens to the edge case scenario (which I definitely fall into): I complete 5 years in Feb with Citi Canada. If I get laid off in Jan and Citi gives a notice period of 2 months -as a non-working employee, which they have done in the recent round albeit in US - then I would complete 5 years during the notice period. At the end of the notice period, Citi pays severance.
Does this mean I would qualify for the common law severance package or not? This is something I've been thinking about a lot because I am on the list for Jan layoff.
I was part of the summer layoffs and spoke to a labor lawyer. He said that a company like Citi won't negotiate severance during a big layoff as they have to be consistent in how they handle - if they do it for one person, they have to do it for everyone.
I'm in Canada, and Citi has to follow the common law severance rule. Generally speaking, for a big bank, you should be getting one month per year of service. That's taking the entirety of the package
This has been covered ad nauseam in this Layoff.com forum. Directors and below - standard package. Once in the Managing Director zone there are some negotiated separation packages as terms of employment/deliverables contract (senior exec level MD).
@a9 They intentionally make it difficult to find, as it is not on the Policy Portal. You have to search for it, and if I recall correctly, the search will take you to a ServiceNow website where you can download it.
Sounds about right! You are lucky to have gotten that. You must be over a c12. It’s one week for every year you been at the bank
@a7 Sorry for the naive question, but where can we find this Separation policy document?
It’s outlined in the separation policy and they do not deviate.
Citi already offers enhanced package. You may negotiate yourself lower if you aren't carful.
No it's standard for all employees from my knowledge.