Unless you’re c15+ https://www.cnbc.com/2024/12/15/amazon-and-the-endangered-future-of-the-middle-manager.html

“ It has already laid off 11,000, according to Bloomberg. But the bank's stock is still lagging behind its peers, with its price dropping even on better-than-expected revenue reports and currently trading below where it was five years ago, and it's... — read more 

He was the head of Services Technology.

This year everyone will be receive compensation and bonus based on AI scripts and that logic comes from your EOY rating. Manager doesn’t have much control over compensation distribution this time.

All in which was a complete failure. Well, here’s McKinsey in action. “McKinsey & Co. agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue... — read more 

https://www.bloomberg.com/news/videos/2023-12-13/citi-angles-for-fewer-layoffs-by-sweetening-path-to-exit-video

How does VOE ratings affect a senior managers bonus and performance rating ? What is the exact reason they get so ticked off when VOE ratings or comments are bad ?

Was told there was a strict bell curve this year. First review cycle and received a 2/2 rating this year. Manager said he had to fight for this rating..is this considered good? I’m personally disappointed as I’ve historically received the highest... — read more 

I checked the postings of other banks on this site. Citi takes the cake for the maximum amount of chaos going on. No other bank comes even close to Citi in the amount/degree of frustration and resentment voiced by Citi employees. Very sad situation... — read more 

Bora Bora is over with. Is it? Is it really? Bora Bora = layoff a thousand within a few weeks. AND Bora Bora = layoff a thousand spread out over 2025 is the same. The end result is the same. Layoffs will still take place in smaller groups at... — read more 

This is an employee effort and cannot get fired for it. https://www.workcenter.gov/step-by-step-guide/ FAQ to forming a Union: https://betterbanks.org/organize/questions

Anyone else heard that pool of money for raises and bonuses will be almost half of what it was last year?

Someone will make what seems to be an outlandish forecast and they get heckled as a troll or a rumor monger. A month or so later it unfolds as written. The poster, or someone who claims to be the poster, replies back with an “I told you so”... — read more 

I tried to email myself and now receive error message that i am not allowed to email external recipients! If that is the case for everybody???

There have been many posts lately but nothing recent regarding actual layoffs or direct announcements (I have read the news articles). Has anyone been let go recently and is willing to share? One of my friends was let go in March, he got a zoom... — read more 

Them or me? I do intend to do bare minimum, and I’ll do everything in my power to go out with severance. I will use all the time available to search for another job. The only way they will be able to chase me away is if I find a better option. Given... — read more 

Citi has a bunch of EAD visa accumulations in past few years to reduce cost of visa processing. This might backfire soon and create space for US candidates.

The plan is to re-level the majority at lower pay, then circle back around later with a layoff. Those that are let go now get the severance payout that will now be lower. Everyone will be on the edge of their seat with a “maybe I’ll be skipped... — read more 

There is the expectation that whoever is left after this next round of layoffs will pick up the slack of those who have been let go. You will be expected to not only pick up the slack but also take on additional roles, not only WITHOUT the pay or... — read more 

Everyone I know is putting in at least 50 hours a week, and that’s on the good weeks! Is this really how it’s supposed to be?

Average employee lost bargaining power years ago - just accept it. Corporations nowadays are heavily skewed towards serving the interests of the top management and shareholders. Current system is run like a mafia enterprise - and we all know how... — read more 

Keep in mind that you do have rights beyond what Citi would have you believe. There are employment lawyers a plenty. Many of which, if your case is strong enough, will take on your case on contingency. Meaning that they will not get paid unless you... — read more 

at best you are nothing more than a commodity to be used, traded or discarded as Citi sees fit. Many koolaid drinkers are finally coming to realize this. Citi thinks no more of you than any other asset they have. Citi management relies... — read more 

There was a slido question at Anand town hall about the forced bell curve. Sara's answer was to have collegial review and u can grab 1 and 2 ratings from less deserving staff reporting to ur peers. Imagine u had 5 mouths to feed and 1 plate of food... — read more 

Ask yourself, how do you feel on a Sunday night when you think of working for Citi the next day.

I swear, it feels like the ones in charge seem more focused on creating chaos than offering support. Every decision piles on more hurdles, leaving everyone scrambling to keep up. Instead of leading, they’re making everything harder and pushing people... — read more 

Considering all the talk about decreased number of in seat promotions from 4% to 1 % of the total population or the re-leveling, on the other hand lots of directors been promoted to managing directors doesn’t make the moral any better. Despite the... — read more 

Its in every email and every TH to get rid of the old way of thinking. Wouldn’t that include getting rid of Jane? Its her regime, her way of thinking that got us here to begin with. Let’s not kid ourselves, she’s been with Citi for quite a while... — read more 

Is the master plan to re-level, to shuffle people around and lower their pay, only to circle back around later a month or so to lay many of them off? The severance payout now will be much lower now that you are making less. Upper management looks... — read more 

What possible value do they serve? I mean really. They never know anything and they never help. Time to trim the HR fat.

Buy this and that cheaper version but make it act like enterprise. Hire top of the skillset but not at the salary they want. Follow these processes unless it takes too long then speed it up but follow the processes but make the deadline which is... — read more 

If I have been with the firm for 3.5 years, what would be severance be? Im a C13

Jane's message today seemed like Santa just gave her a lump of coal in her stocking this year. People told her what they are feeling, and it was not all rainbows and puppy dogs. you can't explain away how much your employees dislike your management... — read more 

When teams get moved around, or people moved to balance teams, how are they chosen? Fo managers choose the person they want to get off of their team or is this random or based on performance?

Where people discuss about new ideas, debate new challenes, enocurage and share others ideas thats where an organizations and employee grows together, but here every day starts with sense of insecurity, blame others, trying to protect from politics... — read more 

I’ve been watching and sometimes contributing to this board for a very long time. This site is riddled with a combination of speculation based off of patterns of the past, those in the know and fear mongering. Either way, no matter how you slice it... — read more