Citigroup Layoffs?

Posted in the Citigroup Forum

Comments (Page 53)

Showing posts 1,041 - 1,060 of6,654
|
Go to last page| Jump to page:
Free

Forest Hills, NY

|
Report Abuse
|
Judge it!
|
#1049
Jan 17, 2008
 

Judged:

1

I did get a decent severance all things considered. I started out in the early 90s with Salomon Brothers and absolutely loved that firm and my job. When Salomon merged with smith barney (evil empire is a great way of putting it:))in 98 i left for a few years and then got talked into coming back - huge mistake. It was like night and day compared to the good old days - beuroracy, shoddy quality of work, manager upon manager upon manager, doing absolutely nothing and not giving a damn either or even pretending to.I was never really happy there since returning (I should've gotten out sooner but i was damned if they werern't going to pay me to leave)but the past 2 years have been absolute hell not to mention the past 4 months. i'm very glad i'm out of there and hope the people who are left can get down to some semblance of normality for their sake. i highly doubt this is going to happen however, the atmosphere and general sense of doom may continue for a long time along with watching the ever tumbling stock shredding some peoples life savings.
casa

United States

|
Report Abuse
|
Judge it!
|
#1050
Jan 17, 2008
 
Got laid off today from Jersey City, after almost 10 years. Not the only one of cause.
Free

Forest Hills, NY

|
Report Abuse
|
Judge it!
|
#1051
Jan 17, 2008
 
i hope they did the right thing and credited you for 10 years. do you know how many people and what IT depts were hit?
casa

United States

|
Report Abuse
|
Judge it!
|
#1052
Jan 17, 2008
 
Free wrote:
i hope they did the right thing and credited you for 10 years. do you know how many people and what IT depts were hit?
60 days pay then 2 weeks for each year.
I know people in CIB and GECD were hit.
Current city employee

Baltimore, MD

|
Report Abuse
|
Judge it!
|
#1053
Jan 17, 2008
 
Have layoffs in gcg begun (citibank, citifinancial, primerica, cards, citimortgage)? Or are these scheduled for the other big date we've hear -1/23?
cAJ

Jackson, NJ

|
Report Abuse
|
Judge it!
|
#1054
Jan 17, 2008
 
I got laid off yesterday. I figure no hard feelings since I its always best to be ready anyway, especially with the current environment. Although, I was talking with my contact at BoA, and she told me that when they needed to do lay offs, they first offered "voluntary" layoffs, for the people that wanted to leave anyway. I don't see why they just didn't offer that first.
Not like it bothered me. I was thinking of quiting anyway, but now I am not only on the payroll, but I got a severance package from them. I think I am going to take a nice vacation before I start working again!! ;) Always look on the bright side guys! We can always find something better in the end!
(388G)
lol

New York, NY

|
Report Abuse
|
Judge it!
|
#1055
Jan 17, 2008
 
Ex-Citibank employee_NY wrote:
I wish the best of luck to those writing on this site that lost their jobs. The one hope that I can offer you is that it may be best to get out now, before things get even worse at Citigroup, to the point of collapse. I hope that you get decent money from the severance to carry you for several weeks - the months of March, April and May are good times in finding work under normal circumstances.
i was let go last year while citi's stock above $50. Thanks for citi's policy that you must roll out 401k, i take out all of my 401k. other wise i will lose half of saving!!!
my experience in citi is like in the hell. poor managers, low HR's... i am so happy that i don't have suffer until now, or even worse, still in citi.
excitiemplvnv

Henderson, NV

|
Report Abuse
|
Judge it!
|
#1056
Jan 17, 2008
 
Anyone impacted by these layoffs at The Lakes
site in Las Vegas?
Sorry to hear that

UK

|
Report Abuse
|
Judge it!
|
#1057
Jan 17, 2008
 
Ex-Citibank employee_NY wrote:
If you can wait four years, hold on to your stock, otherwise sell them now before it goes below $20!
Citi stock is quite attractive right now but it will not make big gains until the institutions start buying. If it continues to delcine it is only a matter of time before a take over will happen, and the sum of all its parts is about $65 a share.
JC new layoff

Philadelphia, PA

|
Report Abuse
|
Judge it!
|
#1058
Jan 17, 2008
 
lol wrote:
<quoted text>
i was let go last year while citi's stock above $50. Thanks for citi's policy that you must roll out 401k, i take out all of my 401k. other wise i will lose half of saving!!!
my experience in citi is like in the hell. poor managers, low HR's... i am so happy that i don't have suffer until now, or even worse, still in citi.
Hi,
Is the "citi's policy that you must roll out 401k" still effective now?
JC new layoff

Philadelphia, PA

|
Report Abuse
|
Judge it!
|
#1059
Jan 17, 2008
 
lol wrote:
<quoted text>
Thanks for citi's policy that you must roll out 401k, i take out all of my 401k.
Does Citi still have such policy?
would love to volunteer

United States

|
Report Abuse
|
Judge it!
|
#1061
Jan 17, 2008
 
cAJ wrote:
I got laid off yesterday. I figure no hard feelings since I its always best to be ready anyway, especially with the current environment. Although, I was talking with my contact at BoA, and she told me that when they needed to do lay offs, they first offered "voluntary" layoffs, for the people that wanted to leave anyway. I don't see why they just didn't offer that first.
Not like it bothered me. I was thinking of quiting anyway, but now I am not only on the payroll, but I got a severance package from them. I think I am going to take a nice vacation before I start working again!! ;) Always look on the bright side guys! We can always find something better in the end!
(388G)
Glad to know that it worked out good for you. It certainly would have been nice for all parties, had they offered "voluntary" layoffs. Would have kept the goodwill for the company, and would have helped those who wanted to leave anyway. I am sure many of us do have some common reasons to leave - managers upon managers, who do not contribute in any productive way, but believe in lowering the morale of those who do REAL WORK - just to establish their authority, thereby contaminating the environment. Hopefully the new talent management team would take it upon itself to train the managers to manage talent in a productive and healthy way.
CitiEmp

Bel Air, MD

|
Report Abuse
|
Judge it!
|
#1063
Jan 17, 2008
 
would love to volunteer wrote:
<quoted text>
managers upon managers, who do not contribute in any productive way, but believe in lowering the morale of those who do REAL WORK - just to establish their authority, thereby contaminating the environment.
Wow.. You have described my department to a tee..(388G)
layoffs memo

New York, NY

|
Report Abuse
|
Judge it!
|
#1064
Jan 17, 2008
 
casa wrote:
Got laid off today from Jersey City, after almost 10 years. Not the only one of cause.
your will be fine.
Jan to March is the best time for looking a new job. after June it could be very slow.
- company start 2008's burget, they can start hire or open new position.
- people left their job after bonus pay out.
good luck.
citi's layoff just start - you don't want wait until job market suddently have 40k job seekers.
layoff good4u

United States

|
Report Abuse
|
Judge it!
|
#1065
Jan 17, 2008
 
I got laid off from another company last year, then found another job and saw my salary increased by 30%! Just look on the bright side. Layoff may not actually be good for you (and definitely good for me)!
Ex-Citibank employee_NY

Newark, NJ

|
Report Abuse
|
Judge it!
|
#1066
Jan 17, 2008
 
By the way, there are better HR departments in other companies. At my new company, they actually have a five-person HR department on site that is there to answer questions....completely unlike the Connect 1 garbage that Citi imposes on its employees. So there is a silver lining elsewhere!
United States 555

Saint Petersburg, FL

|
Report Abuse
|
Judge it!
|
#1067
Jan 17, 2008
 
I TOO AM A CITI EMPLOYEE

*******FOR ALL THOSE PEOPLE WHO GOT LAYED OFF FROM CITI******

Do you know that you do not have to except the package they gave you. Do you now that you can get legal advise to negotiate our severance package. BEFORE YOU SIGN THE LETTER GIVING UP YOUR RIGHTS TO SUE....PLEASE GET LEGAL ADVISE OR GO TO THIS WEB SITE: http://careerprotection.com/freelegaladvice.h...

IF ANY OF YOU ARE OVER 40, PLEASE, PLEASE CONTACT YOUR LOCAL EEOC OFFICE FAST.
Ex-Citibank employee_NY

Newark, NJ

|
Report Abuse
|
Judge it!
|
#1068
Jan 17, 2008
 
I wonder if Bob the Builder was either let go or maybe he was caught accessing this site at work in Citigroup?
United States 555

Saint Petersburg, FL

|
Report Abuse
|
Judge it!
|
#1069
Jan 17, 2008
 
TO MY CO-WORKERS AND /OR FORMER CO-WORKERS...WE MUST FIGHT BACK.

PLEASE TAKE LEGAL ACTION BECAUSE THIS NOT RIGHT THAT SENIOR MANAGEMENT WALKS AWAY WITH MILLIONS!!

KNOW YOUR LEGAL RIGHTS...CONTACT THE EEOC, THE HUMAN RIGHTS COMMISSIONS, AND / OR A LAWYER!
layoffs memo

New York, NY

|
Report Abuse
|
Judge it!
|
#1070
Jan 17, 2008
 
Ex-Citibank employee_NY wrote:
By the way, there are better HR departments in other companies. At my new company, they actually have a five-person HR department on site that is there to answer questions....completely unlike the Connect 1 garbage that Citi imposes on its employees. So there is a silver lining elsewhere!
unlike citi - most of company will let HR first to be cut. citi spent billions $$$ on garbage Connect 1 but don't invest a $ on ATM. i will not supprised when this fat boat sinked. if you go to other board, it's full of hate - current citi employee, ex-employee, citi share holder, citi customer.
the few valuable senior manager were get fired - look at JP, they get benefit of those talents that were kicked out by citi.

Tell me when this thread is updated: (Registration is not required)

Add to my Tracker Send me an email

Showing posts 1,041 - 1,060 of6,654
|
Go to last page| Jump to page:
Type in your comments below
Name
(appears on your post)
Comments
Characters left: 4000
Type the numbers you see in the image on the right:

Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

6 Users are viewing the Citigroup Forum right now

Search the Citigroup Forum:
Topic Updated Last By Comments
Kellogg Upgraded by Citigroup to "Buy" (Mar '12) Wed Youdont Kare 2
Exxon Mobil Report Fuels Panic on Street (Jul '07) Apr 16 Nature 53
Congress Probing Credit Card Industry (Dec '07) Mar 28 CTM 5
Panel Slams Banks Over Credit Practices (Mar '07) Mar 26 Jenna 10
Congress Probes Credit Card Industry (Dec '07) Mar 26 Darline 27
Credit, economic worries weigh on Wall Street (Feb '08) Mar 26 Sandra 2
Consumers to Face Higher Min. Payments (Mar '06) Mar 26 Celisse 2
•••
•••
•••
•••