• 07 Jul 2008 at 3:05 PM

Bonus/Layoffs Watch ’08: Citi

By Bess Levin

Last week week we told you Citi split first year bonuses into 5 buckets. 1st tier got 65 (down from 95 last year), 2nd got 53, 3rd got 25, and we were unsure about 4th and 5th but guessed gigantic coupon books and cannings, respectively. Turns out we were right about the latter, wrong about the former. Fifth tier’s prize was indeed getting fired, but fourth’s was a 10k bonus.

Comments (13)

  1. 1
    Posted by guest | July 7, 2008 at 3:32 PM

    So… no one gets steak knives?

  2. 2
    Posted by mrpink | July 7, 2008 at 3:33 PM

    Lil Vik is saving those for himself.
    -mrp

  3. 3
    Posted by guest | July 7, 2008 at 3:51 PM

    in the long run, the 5th tier will be the biggest winners

  4. 4
    Posted by guest | July 7, 2008 at 3:56 PM

    considering that anyone of any quality already evacuated that place long ago, tiering what’s left is a useless exercise. Like being elected validictorian of your class at Apex Tech.

  5. 5
    Posted by AJ | July 7, 2008 at 3:58 PM

    $25k? Do you have to show up to get that? Unbelievable.

  6. 6
    Posted by guest | July 7, 2008 at 4:14 PM

    are these numbers for Analysts or Associates? IBD or S&T?

  7. 7
    Posted by guest | July 7, 2008 at 4:30 PM

    GTS are hiring though.
    Custody services..WOOOOOOOOOooo!
    Kill me.
    What have I become?

  8. 8
    Posted by guest | July 7, 2008 at 4:45 PM

    @3:56…valEdictorian….I bet you weren’t one.

  9. 9
    Posted by guest | July 7, 2008 at 5:14 PM

    @4.45–he/she was at Apex tech

  10. 10
    Posted by guest | July 7, 2008 at 5:29 PM

    Definitely had an e-mail immediately bounce from a friend at (used to be at?) Citi

  11. 11
    Posted by guest | July 7, 2008 at 5:58 PM

    This has to be the Investment Bank. From what I remember in the Consumer Bank, 3′s go 10%.
    Of course, 4′s and 5′s are generally the ‘OUT THE DOOR’. Too many GE people in Consumer Bank that follow NORMALIZING reviews.

  12. 12
    Posted by guest | July 7, 2008 at 7:27 PM

    Don’t worry Belgium’s INBEV will save CITI and US economy, right Erin Burnett?
    That damn as*

  13. 13
    Posted by guest | July 7, 2008 at 8:16 PM

    This was posted only a week ago… Way to have caught the train:
    http://dealbreaker.com/2008/05/2008_bonus_payouts.php
    (6/27 @ 4:33pm)

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