I was laid off on March 25 from NYC 388 office. My last paycheck was on Friday 6/28 and I was terminated as of 6/29. Still haven't received the severance agreement to sign. Following up with the useless HR who keep responding with "The offboarding... — read more
Life 🧬 Simple
A wise man once said I would rather work for myself making $40,000 then someone else making $200,000 Until you do that, you're never free!
thelayoff.com - Quite Now
Nothing much here these days !
Citi is managed badly (not news, but I am angry about it anyway)
So how can we expect that reorg/cuts will be managed well when done by some people who led us into this mess in the first place? We’ve been going through a lot of stress, anxiety, chaos with teams and management of workload, all with no end in sight... — read more
Layoff
Did someone get layoff at the end of June? I heard some people got layoff last week of June. Are there further reorg?
Citi worst in the industry now
Link below, no returns on Banking business. https://www.ft.com/content/24e1e9cb-3634-45bc-8794-cd3bbc06747f
Vendor
I can see the management has more faith on vendor compared to Citi own staff day after day.
Jane belongs to the McKensey group.
I have no idea if she still does but here’s a video breakdown of how they operate and lay off employees: https://m.youtube.com/watch?v=K7ISnXf6Geo
The clock is ticking
https://www.msn.com/en-us/money/news/the-clock-is-ticking-on-jane-fraser-s-citigroup-turnaround/ar-BB1oP6mz?ocid=BingNewsVerp
Citi, a 6. Faith in management a 4.
Out of all the companies I’ve worked for, Citi is not the worse. It’s not the best either. In a scale of 1-10, I’d give Citi a solid 6. On faith in management, I’d give them a 4, which is easy to understand. The emails from management vs. the... — read more
Why there is no transparency? Why managers always tries make fools their team?
Why people are so unethical here?
Deviating from the purpose
There are many posts dedicated to venting frustration. I can certainly understand as to why. I can confirm that at large portion of the posts, I’ve seen either 1st, 2nd, or 3rd hand. While working at Citi and navigating all that is…”Citi”….it is... — read more
IC - Matrix Manager
Just curious if someone demoted from Manager to IC in the same team , can that same person again become Matrix Manager of same people as an IC ? Sounds like HR is clueless at Work Day or Global Directory. What the he-l happening !!
Sidestepping regulators
A whistleblower mentioned the name Mulki. Who is she??
Redundancy paid but not made redundant
Is anyone in this bizarre but real situation?
Layoffs Q2 operations?
Have anyone heard if there will be a new round of layoffs now at the end of Q2 or will they drag it till Q3? The org is doing a huge push for people to quit. I rather get the boot with a nice severance as comp for the nightmare it has been. It’s like... — read more
Accrued time
How do vacation hours accrue monthly?
Finally received severance
I was laid off in the 3/25 layoff. This morning my severance was direct deposited. Did the rest of you receive yours?
US regulators reject Citi's 'living will' resolution plan
https://www.reuters.com/business/finance/us-regulators-reject-citis-living-will-resolution-plan-ft-reports-2024-06-21/
Colleagues are resistant to change
How will citi address employees who are resistant to change? One would think that after so many have been laid off, those still employed would be more open to transformation efforts. Instead, they stubborly hold on to burdensome processes that do... — read more
So how does aml fiu look??
Is it safe? Back to hiring???
Is Citibank/ or any USA bank a good place for a mid level developer to grow their skill sets/ career
After working in a bank for some time after graduating college for computer science, I question if working In Citibank, or a bank in general is a good place to continue to grow your skill sets compared to other business sectors. Now with these... — read more
What’s the situation?
Recruiter reached out to me for an interview. What’s the situation at citi? Is it an okay time to join, or wait until the reorg ends to entertain the idea of interviewing
Curious Minds Want To Know
Has anyone laid off end of March 2024 received their severance pay yet? Not the package, but the actual pay?
Vacation days payout
Received severance package but no mention about vacation days payout. Anyone knows something?
In comparison to other companies I’ve worked at…..
Citi is by far the cheapest. Citi HR is way by far the worst. Citi’s way of handling the layoffs is abysmally mismanaged. Citi’s delivery of news and status’s of any direction is less than average I’d say. Faith in company direction is horrible... — read more
June 17 - Next Update
Is anyone heard anything relevant upcoming news from any Org from their Management? Layoff Leadership Changes Mid Year Discussion etc.
What is the driving force??
If citi going to be sold (by bits and pieces or whatever) or things are going bad and if that is an open secret (as per this site) who and what is the driving force still? I know my manager is an a--hole who comes to ofc and be happy that re org gave... — read more
HR is the biggest joke ever, even in the aftermath.
Good Lord, the debacle. You can have two people in Citi who can be in the same location, same team and have the same manager. Both get let go. One can have all his HR paperwork, last paystub, severance etc… any of it and all of it sent to them in... — read more
Recesion?
in my mind there is one though that at some point Citi mgmt actions are reasonable in terms of "bad" times Push so many employes at lowest possible cost and some threads of problems with findings new job and lack of interviews can somehow confirm... — read more
How did we end up here?
I joined Citi only a year ago to be swept up into this mess. I thought Citi would help to advance my professional skills and opportunities but now I worry I will forever be typecasted. Does anyone actually feel any level of comfort with their role... — read more
Is Citi broken beyond repair?
One month “Citi wealth” is the main focus. The next month “Citi is selling off Citi wealth”. Someone in the upper echelon is leaving every week it seems. Jane is starting to cut up the Citi businesses and selling them off. Employees are being... — read more
Payslips after layoff
How to get pay stubs after getting laid off? HR said to email HRSS or call Connect one phone number. Connect One also suggested to contact HRSS. HRSS is not responding to request it’s been 4 days. The automatic email also says to follow up if reply... — read more
Class Action Lawsuit
Reading the posts so far it seems pretty obvious that employment rights been violated on pretty all fronts and I was wondering if there might be other employees willing to file a class action lawsuit and if there might be already some initiative... — read more
Citi - ESG fiction instead of facts….
This bloody bank- I just KNEW it would be one of the major profiteers…. ‘Enhanced due diligence’ - empty words, yet... — read more
60 Day (Non) Working Period?
Is it really a 60 day “non” working period? Why are some of us only getting 45 days???
Reorg left me with workload for three people
I just hope I’ll be able to keep this lousy job until I find something else. I am actively looking. It doesn’t look good out there, but I’m determined to leave. I would accept even a lower pay, if in exchange I would work just my load. I need life... — read more