Bonus/Layoffs Watch '08: Citi

Posted by Bess Levin, Jul 07, 2008, 3:05pm

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.

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Comments

Posted by guest, Jul 07, 2008 3:32PM

So... no one gets steak knives?

Posted by mrpink, Jul 07, 2008 3:33PM

Lil Vik is saving those for himself.

-mrp

Posted by guest, Jul 07, 2008 3:51PM

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

Posted by guest, Jul 07, 2008 3:56PM

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.

Posted by AJ, Jul 07, 2008 3:58PM

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

Posted by guest, Jul 07, 2008 4:14PM

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

Posted by guest, Jul 07, 2008 4:30PM

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

Posted by guest, Jul 07, 2008 4:45PM

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

Posted by guest, Jul 07, 2008 5:14PM

@4.45--he/she was at Apex tech

Posted by guest, Jul 07, 2008 5:29PM

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

Posted by guest, Jul 07, 2008 5:58PM

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.

Posted by guest, Jul 07, 2008 7:27PM

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

Posted by guest, Jul 07, 2008 8:16PM

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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