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Hi Fishes, I need information about apprisal cycle and bonus in citi. I am under notice period and lwd is 29th sept (thursday) with current org, holding an offer from citi for avp position. As per the discussion with HR, I need to onboard in sept to elidgible for bonus and apprisal cycle of 2023. Citi allows on boarding on monday, so it would be 3rd oct and i will not be elidgible for bonus and apprisal. Is the information passed by hr is correct.? Or she is pushing me to join early.
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Recruiters are Darwin’s missing link
Aisle seat is the best seat.
This is so reassuring!
Chazelle's girlfriend is ex-McKinsey
I just want to say this, “Hakuna Matata”
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Chief
I would say handled the most professional way I have seen layoffs handled. Quick and transparent process.
Chief
....sure, but we were all involved in the communications....
Pro
I would say they handled it well without causing lot of panic/stress. I agree yesterday was difficult for everyone especially next few hours after the lay-off announcement call. But that was over quickly. I don’t think leadership could have done anything better to communicate. I agree it’s tough for the folks who were let go. Hard to imagine their situation.
They did emphasize how those affected would be treated with respect and given any and all needed resources. Only wishing them the best
Does 1400 out of 32k really constitute a lay-off ? All professional services firms let go of people as part of an annual review cycle and 4% would be well below average for a wide variety of firms.
Pro
I mean Accenture and Deloitte were about 5% so yes this is in the same realm.
Chief
Something like 1400 people out of 32k across the various groups. 396 from advisory
Handled it a lot better than EY did
No layoffs they said then they layoff hundreds or even thousands over a long period of time with no end in sight so ppl live in fear and with stress