Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

DEI Org

Any news on if Jane is going to hang onto the DEI Org structure? The DOJ's Civil Rights lawyers and regulators have been tasked with coming up with a list of targets for each economic sector and Citi seemed to have really leaned into this.

W-2 release date

Anyone know when W-2 tax forms will be released at Citi for 2024? In prior years it was always by January 15th or prior

This is not doom and gloom folks, this is reality

I don't think some of you are getting the message. Citi does not want or care about your happiness. Contrary, they want you to leave. Employees are one of the largest expenses and cutting expenses lifts the stock. The ELT cares about themselves and... — read more 

RSU payouts

What date to RSU shares get delivered into Computershare?

Regret

I left a smaller bank to join Citi for better pay and what I believed would be a stronger path to career growth. Calling this decision a regret would be a colossal understatement. For the past month, I’ve been trying to figure out how to get my old... — read more 

Company culture.

I tried paying my mortgage and bills with company culture it did not work. I went in and told them “instead of a cash draft, I wish to pay my mortgage in company culture”. They asked me to explain so I told them that “Citi said I should be happy... — read more 

Come on, guys. It could be a lot worse.

Enough of the doom and gloom. Things can be a lot worse. Let's stop the gloomy downcast thoughts. Sure, nothing is perfect and maybe it's going to get worse before it gets better. Just be grateful for what you do have right now and tell ourselves... — read more 

Lowering employee morale

What a mess we are in? Employees are becoming less enthusiastic, engaged, and positive about their work, potentially due to factors like loss of job, unclear expectations from their managers and leaders. Jane and Tim need to bring back the enthusiasm... — read more 

Is this a new way to get us to leave?

Are we now at the point where Citi will continue making cuts to benefits until enough people who have had enough are gone? It certainly seems cheaper to gradually thin out the workforce this way instead of spending money to lay everyone off. I truly... — read more 

We could just get rid of the ELT

That would provide about the same savings as getting rid of 20k people and not much would be lost in value, as witnessed by the current state of the bank.

Layoff this week

Citigroup is cutting certain roles as part of a broader corporate restructuring to eliminate tens of thousands of jobs by 2026. According to a new report from Bloomberg, Citigroup laid off several managing directors in its Wealth at Work unit this... — read more 

All you can do is be prepared

None of us know what tomorrow will bring. All we can be certain is that there'll be more layoffs, but we can only guess when. There's no point in stressing over it. Make sure you're prepared in case it happens the best you can, and then simply... — read more 

demote SVPs who are in Tech and dont have basic knowledge of Tech, They just make politics to keep their positions.

Every where SVPs without basics, strange how they got promoted, is these promotions are based on age criteiria? these people are destroying with their politics, even they know resources have strong tech knowledge, they are keeping them behind screen... — read more 

80/20

20:80 ratio at Citi got us now too many managerial layers, where we started seeing heavily bloated MD’s and D’s. Few years ago at Citi we hardly see few MD’s. Now whoever comes in here having the title MD’s. It’s just wasted and added weight to the... — read more 

???????

Which line of business can we expect more layoff at 2025 ? CTI or Risk or ??

$hittybank guy is in rare form.

I check this site out a couple of times per week to see what’s the happenings. $hittybank guy seems to post hourly. Don’t get me wrong, Citi could be a whole lot better with such little effort and I’ll be the first to acknowledge that there are... — read more 

Poor Timing

I get it is never a good time to have layoffs but I find it to be poor taste to announce 12 billion in net income and then a few days later to lay people off. Did impacted people have compensation conversations yesterday and then told today well... — read more 

Citigroup Cuts More Jobs

Managing directors in the wealth and the technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, according to the... — read more 

Layoffs start this week

https://finance.yahoo.com/news/citigroup-axes-more-jobs-bloomberg-192003864.html

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| 1660 views | | 1 reply (January 16, 2025)
Post ID: @OP+1jhrhns0x

A bunch of children on this site.

You guys just don’t get it. All this bickering over layoffs, pay, comps etc… Its all stup!d. The bottom line is that the plan to punish everyone else but Jane for bad business decisions, is working. Its all unfolding exactly as it should. — read more 

Sorry to hear

Long-standing customer here sorry to hear about layoffs with city. They must be moving US jobs over to India because eight phone calls to the customer service line 8 different Indians that are on not understandable leads to no resolution of the... — read more 

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