The cart accountability process is being used to increase the number of 4 ratings staff and reduce their bonus and salary. Cart removes ten percent of the total compensation so if the bonus and salary increase is ten percent of the annual salary it... — read more 

It's the season of increased bonuses for C-suite and their friends, but nothing for the rest of us. https://www.efinancialcareers.com/news/citi-retention-bonuses-demotions

There are tons of angry, worried, resentful posts out there. People concerned about being let go before, during or after Christmas. People angry with the way the layoffs are unfolding. Other’s upset as to the reasons “why we are at this juncture”... — read more 

My team posted new jobs in Tampa and not seeing any spots open in the group. Is it a sign that my group is moving to low cost zone?

Anyone feel like your team makes you feel guilty that holidays coming up and the work continues. Since its a global bank, other regional teammates don't care and all these holidays do is set delay your work by one day and forces a tighter deadline. I... — read more 

Not only do we have a constant threat of massive layoffs looming over our heads, but we have stealth layoffs and firings all the time. RTO has been just another playground for making people leave or finding an easy excuse to kick them to the curb. I... — read more 

Citigroup slashes promotions as it seeks to overhaul bank https://on.ft.com/4g782Sj

Citigroup slashes promotions as it seeks to overhaul bank, FT reports https://finance.yahoo.com/news/citigroup-slashes-promotions-seeks-overhaul-055332835.html?guccounter=1

Don’t worry though, you’ve been advised to “not chase the money”, so that makes is all ok. https://finance.yahoo.com/news/citigroup-awards-special-retention-bonuses-131222192.html

For those that are let go, I am sad. The coldness, anxiety and stress of being let go can be overwhelming with trying to pay the bills and worrying about insurance coverage. For those that get to stay, I am sad for them too. They will be... — read more 

EMEA - is anyone who was laid off still waiting to sign the serverance/ non disclosure/ compromise agreement? Colleague finished three months ago and still hasn’t received anything…it was supposed to be signed before he left….

In no particular order….. Go forward, no I mean back…trim back but grow, buy this tech but only the cheap version with limited functionality but make it work like the expensive enterprise version, have redundancy unless its expensive, then have... — read more 

https://www.efinancialcareers.com/news/citi-dcm-bankers-fired

So we are told to not chase the higher pay elsewhere but be satisfied. “Even though others are leaving for life changing salaries, don’t chase the money be happy where you are at” . Well that’s easy to say when YOU already live in the biggest house... — read more 

What if the problem is with the CEO and a few levels down? How do you solution that? I mean its their direction in which we have overly redundant systems\applications\reports etc…to begin with. They all refused to listen to feedback, just so that... — read more 

Nothing across the board, anyone knows any news ?

https://nypost.com/2024/11/14/business/citigroup-probed-over-ties-to-russian-billionaire-suleiman-kerimov-report/ I remember when we just couldn’t wait to open up more locations in Russia. Seems like that was not a good decision at all. You guys... — read more 

Seems to be the main takeaway at least. No incentive to go above and beyond anymore (at least during promo cycles, lol). This company hates you and makes it impossible to even WANT to grow. Meanwhile our competitors actually celebrate their internal... — read more 

The Citi playbook on people management is so predictable. From watching this board for a while now, I find that about 70% of those about layoffs, time lines, management initiatives etc… turns out to be true which is a higher success rate than I’d... — read more 

As suggested in the title. What is your job hunting experience? Is the market warming up? Thank you.

There’s no telling in what way they may change it or add to it in the fine print. You very well may be agreeing to take a much lower salary going forward. While you don’t have to agree to take a reduced salary, they can still get rid of you. You... — read more 

As their pay is now reduced, the severance is now smaller as you have been adjusted lower. This is just one method they are coming up with to run people off at a much lower cost.

Does anyone have information on how our jobs are being affected because of ChatGPT ? Less number of coders needed ? Fewer BAs and Admins and PMs? Any news on the direction being taken so far ?

There’s something happening that you can’t do anything about but you need to recognize it so that you are prepared. Citi is counting on your fear to “step in line with putting in more hours”. Its a way to prove you’re dedicated to the cause and are... — read more 

Some companies already have policies to NOT allow any US personal data to be viewed, or accessed by any non-US employee regardless of whether they are employed by a US based company or not. There’s even a growing HR push in this regards. Some HR... — read more 

What is this about?

Citi is notorious for layoff news in Nov-Dec. Before Christmas, classic move Citi. Belfast is being scrutinized. There are rumors of only 1% promotions, if any. There are rumors of little to no bonus’s or raises. There are rumors of leveling many... — read more 

Entire technology group is limited to 1% of the staff (levels up to C14) to get promotions. In prior years the typical numbers are 4% of the people can be put up for promotion. This year it’s 1%. It’s going to drive attrition once people who perform... — read more 

Communication going out to all Belfast staff tomorrow on the Belfast consultation forum, which is the same forum which was set up and used for all redundancies earlier in the year during the re org. Brilliant…

Wondering what the point of this call next week is. It is common knowledge on Wall Street that Trump is going to de-regulate, which is going to allow the banks to thrive instead of being choked by reporting and regulations. Specifically Citi has been... — read more 

Very picky on who’s let in. You have to be vouched for by someone already on the inside. Mafia style…lol. This group consists of employees or ex-employees spanning different sectors. In this group, they review each others resumes, do mock... — read more 

There will be two more rounds of layoffs. A small group before Christmas, and some after the new year. Somewhere in between, we will re-level. Some MD’s and SVP’s will experience one of the other of: a.) Keep the title and get a reduction in... — read more 

This website is called THE LAYOFF not THE COMPLAINT AND GRIEVANCE SITE. The first sentence on the homepage is: News, personal experiences, rumors and speculations about layoffs at your company. People come hear to learn about layoffs in different... — read more 

How many new MD can we see for 2025? 300 or more this time ? Can Citi able to eliminate SVP role ?