Any news on recent layoffs? It’s been quiet

Citi HR is up to the challenge of massaging the VOE data to make it look as positive as they can. Sure, there’s dissension and rightfully disgruntled employees but I believe in HR’s ability to deliver hard core spin control on the matter. YOU CAN... — read more 

Does anyone else have this situation? I’m a C12. According to HR, I report to a C14. But said C14 told me that I really report to one of her C13s. This happened right after all the Q1 layoffs. Just doesn’t sit quite right with me.

https://www.google.com/amp/s/www.dailymail.co.uk/yourmoney/bank-closures/article-13908061/amp/citibank-chase-banch-branch-closures.html Please don't conclude Citi is in trouble, I believe Citi is too big to close or fail and it's not alone... — read more 

The question now becomes, are you in one now. If so, then its time for you to leave.

Citigroup warned some employees about fraud and unethical behavior and said it is considering tighter scrutiny on work done by contractors to ensure the company is billed accurately, according to a memo seen by Reuters on... — read more 

Curious to know, what are the requirements for conducting interviews. Do all rounds need to have a panel of more than one interviewer? Can one interviewer only be present at first round stage or does Citi require more than one person on the panel? — read more 

They could sell it as “things are tough and this year raises and bonuses will be nil but we can do this, if your role allows it, you can work from home 100%”. It would not cost them a single penny, they can save on bonuses and raises and still... — read more 

What's your malicious compliance method for your office day? I have put my days in stone. If theres a f2f on my non-office day, I won't be there. No flexibility from you, none from me.

All of the heavy hitters I know from tech, to project managers and managers have all said the same thing. They’ve had far more than enough, they are…..DONE! True, they need a paycheck but not necessarily a paycheck here. They are not waiting for the... — read more 

In the UK and yesterday, manager scheduled an ad-hoc meeting. Is this the 'you are being laid-off' call? Has anyone experienced this to shed some light. I want to be prepared. Thank you.

I can’t believe Citi is struggling for the past few years with data management. https://www.globaltimes.cn/page/202409/1320221.shtml

I have a loan against my retirement plan. my position maybe eliminated if so will the loan will be satisfied with balance on the retirement plan ? Or would the balance be deduced from the package?

If you get on the wrong train, get off at the first stop. The longer you stay on, the more expensive the return trip is.

No ranting please because we have plenty of them on the board. Some of us are stuck in Citi while job market is kind of bleak. As the title suggested, how can we utilise the resource to learn and get better? I am trying to understand the business... — read more 

You are given 4 or more different inventory, reporting and tracking systems, most of which are antiquated and wrong or partially wrong. Half of them you can’t update or correct and if you can, its done via yet another antiquated outdated means. If... — read more 

I work in tech and my area/department is highly dysfunctional with awful toxic managers. Is there internal mobility any use or would it put me at the lower end of the totem poll for layoffs? Thanks!

Another major key is to 100% ignore the naysayers. Naysayers often wish they too had the courage to leave but they don’t. So they try to sell that you are stuck and you’ll never find a job ever. “Citi is the best as its ever going to get for you so... — read more 

Is it worth it, still seeing if current job counters before I accept.

What's the salary range for VP in Tech within UK/Belfast?

(. . . regarding the most recent heads of data transformation. . .) Anand, Japan, Ash what do all three have in common?

As title suggested, and please no rant.

Not knowing when the tap on the shoulder will come for the next layoff?

Don’t mistake presence for performance. Showing up is not a sign of commitment or contribution. It’s an act of compliance. What matters is the value people create, not the place they inhabit.

https://www.tipranks.com/news/ma-news-citigroup-nysec-sells-trust-business-to-jtc-for-80m

Is this true?

Anand finally taking the bullet for the data issues. Empty suit and will be the next one out the door. Citi is billing it he was stretched too thin. Never impressed me as a senior leader. Highly doubt another US based financial institution would pick... — read more 

Will there be any layoffs before Christmas? Will we stop losing MD’s that leave for other companies? Will there be negative repercussions from the VOE if you truly speak your mind? Will there be any cost of living raise? bonus’s? Can the stock... — read more 

You’d think the board would have expressed some concern to Jane by now as to “why” so many are leaving. https://www.bankingdive.com/news/citi-chief-accounting-officer-johnbull-okpara-leaves-scally-walsh/726743/

https://time.com/collection/worlds-best-companies-2024/

Constant hiring. More hired than laid off?

https://news.bloomberglaw.com/banking-law/investors-face-heat-on-citigroups-knowledge-of-mexican-fraud

It seems weird to me. Is it due to VOE, layoffs, or what? Usually this happens when something is up around here.

The site is mainly for layoff rumors and if nothing else, venting. Please don’t kid yourself in thinking that anyone in HR or management know, look at or even care about what’s posted here. Those that are posting thinking that it’ll make a... — read more 

If your manager thinks like this, then its time to move on.

Why?

Citi stock might go down further for next 2-3 years as Citi still struggles to rebuild itself. Better to Quit now when stocks are good and take your 401K to IRA's.