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
Trio of new Citigroup executives stirs succession talk on Wall Street
https://www.ft.com/content/1383447c-808a-4cd3-9f95-97785ae814ce
OT Vendors - what vendor is main cost for Citi in your opinion for technology
Its open question, just curious how many people will bet a wrong vendor
This site not so misleading after all. This site gives management a headache.
In meetings and internal communique’s you are asked to ignore all social media posts as lame and misleading. After watching this board for a while now, I think its not a matter of misleading but rather there’s a concern that this site may insight... — read more
Wealth unit sale
https://www.investmentnews.com/industry-news/news/wealth-unit-sale-an-option-for-citi-suggests-bofa-report-254278
Citi is Pre-historic
I was laid off and It took me 5 months to find a new job at another bank. After starting my new job Im not kidding when I say I cannot believe how behind Citi is when it comes to tech. Citi is severely behind and I see it now that I have another... — read more
Tech Org: Should Hands-On SVP's and Directors paid more than pure Managers ?
To promote more active contributions, should SVP's and Directors with Hands-On experience be paid more than pure managers ? This motivates them to contribute more and avoid playing "Managerial politics".
Salary range
We are currently interviewing to fill a role in NAM. I am based in Belfast. Salary we are interviewing for is more than 50% greater than my pay even tho it’s exact same role/title. Is this normal?
Is there any layoff in June?
Getting fed up with these ongoing nonsense
Citi Implemented Furloughs for Contractors
What the he-l!! They don't give you a hike and then take the working days off. F Jane!
When is the next layoff?
I am simply just trying to survive in this company for another 6 months. Working here su-ks now though ngl, mismanagement and WLB have gone out the window
So its working out for them
https://seekingalpha.com/article/4697001-citigroup-bold-turnaround-efforts-paying-off-strong-eps-growth-expected
To those who are job hunting
Do not give up! I have spent 4 months applying to hundreds of jobs, interviewing, stressing... I finally landed an incredible opportunity at a competitor. It IS possible! Here are some things I learned in the process: Cold applying via LinkedIn... — read more
Only ivy grads should be a leader
Citi’s problem is that there are not many ivy grads and those guys from overseas who have fishy diploma become a leader. Only ivy grads can save Citi.
Inspirational quotes comparison.
Steve Jobs: “Don’t let what you cannot do interfere with what you can do.” Warren Buffet: "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching... — read more
Successfully disorganized? Time for BCG to walk off the train?
I must say, it takes a special kind of talent to achieve such levels of disarray. It's like they took the company's organizational chart, threw it out the window, and replaced it with ****. I must give credit where credit is due, BCG has managed to... — read more
By design
People are moaning and groaning about management being blind yada yada….. It’s not like they are blind, its more like its by design and do not care. Yes there’s been a paradigm shift to where there’s micromanaging, sporadic shifts in decisions... — read more
Return to Office Terminations
Would Citi actually terminate people for not religiously following the return to office policy? There are a lot of teams that have a mix of some folks hybrid and others grandfathered in full time remote. Does not sound consistent. There are sites... — read more
Citi Reputation
Since being laid off, I’ve taken some time off and now I’m actively seeking new job opportunities. A recruiter friend of mine mentioned that applicants with a background at Citi aren’t looked upon favorably in her organization, and warned me that... — read more
Next Round of Layoffs
When will they be?
Severance Documentation, when ?
Anyone know when we receive our severance Documentation agreement? Today's date May 28th..
Mandatory rotation policy for vendor consultants
How does mandatory rotation policy for vendor consultants for every one or two years work? This will avoid taking control of the entire project and also hiding the important data about the projects. This will also stop vendor favoritism.
Is Citi eliminating SVP title?
Most of SVP magically promoted to director last week, including some just demoted to I C. Is the goal eliminating SVP title? Otherwise they lost their mind!
Is the reorg done? Why still many group managers still have one to four reports?
SVP being converted to IC with no real assignment to do just got promoted to director last week. What is happening in Citi?
Is citi hiring?
Is there any hiring in technology?
Remote work update
https://finance.yahoo.com/news/citi-hsbc-order-more-staff-212147676.html
Buy the stock, advice worth what you paid
If executive management cares about the stock more than you, go buy the stock and be aligned.
Not shocked with what I observed at Citi
https://finance.yahoo.com/news/ex-citi-banker-says-she-225730781.html former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators... — read more
Understanding the Flaws in the 6 to 8 Directs Rule
The implementation of the 6 to 8 directs rule appears to be fundamentally flawed, and it is imperative that the company considers the potential repercussions it may entail. Effective management cannot be achieved when constrained by arbitrary... — read more
Fat finger error….
https://amp.cnn.com/cnn/2024/05/22/investing/citigroup-fine-stock-dump-fat-finger
Citi lawsuit
https://finance.yahoo.com/news/ex-citi-banker-says-she-225730781.html
Good fireside chat with Johnbull in Tampa
Much negativity here which I get but there was some good discussion on mentorship, communication (CITI needs a lot of work here), taking risks in your career and of course dealing with change amid chaos. Gave us reassurance that we are through with... — read more
Citi discrimination
https://www.msn.com/en-ph/money/companies/people-of-the-wrong-race-citi-hit-with-racial-discrimination-lawsuit-over-atm-fees/ar-BB1mJDMI
Here we go again! A trading mistake at Citigroup in 2022 has led to a $78 million fine against the bank.
Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks https://www.businessinsider.com/citi-trader-fat-finger-flash-crash-trade-78-million-fine-2024-5 No wonder they have to keep laying off people.
New manager
Re org gave me a new manager and she’s making my life he-l. She used to be peer. Asking status in every 2 hours. Micro management at its worst level. I’m the only one suffering I feel as I used to be peer. I’m understanding but not sure what to do — read more