Are there any December layoffs? If so when and what roles? What sites? Wondering if they will happen before bonuses?
10 replies (most recent on top)
@k9 Could you please elaborate why? What makes 10-Jan the cut off for bonus eligibility?
@j4 if you are laid off after 10/1/26 then you are bonus eligible
Bonus payout also depends on your employment contract, if you have one and if it states you must be paid your bonus even if you're laidoff/fired.
Usually only sales jobs have this provision. Think commission based jobs, Commercial bank, Private Banking, Private equity, etc. including in the Investment Bank.
Correct because Bonuses are given out in February.
Correct.
If you get Laidoff up until January, you will Not get a Bonus because Citi's Bonus policy, just like in other companies, requires the employees to be "Active employees".
You may still be on the Payroll = Non-working period = Notice Period = Garden Leave, but you're categorized as a Non-active employee.
@b3 Wrong. I know for a fact we have Jan layoff. Lists have been finalized.
@b2 right which is why I asked about December..wondering if they will layoff to prevent payout in Feb.
January And March
Layoffs will be after earning in Feb
Bonuses do not happen in December anyway. Surely there will be more layoffs before bonuses are paid.