https://youtu.be/faEBUH7zCY4?si=Vwz79XIEeBoK6cPD
I am the only one not reporting into the new MD following March’s reorg
How sc--wed am I? My other colleagues part of this new “team” have moved under our new MD while I’m still with my old manager. I noticed over the weekend they updated the other colleague who was reporting into my old manager into the new org... — read more
Layoff Update
Soon next round of layoff from O&T and Consumer Exits Market’s Department. Banamex got delay by 2 months i.e Sep 01, 2024 for Legal Day 1.
SVP promotions to Director over the weekend
Congratulations to all the SVP population who were magically promoted over the weekend creating more D to D layers! Well done you have truly made a difference to the organisation.
How is the US and Europe job markets now? Has it improved?
We talk a lot about job losses, let's discuss the current job market to build a balanced view, it will help us making decisions.
citi push out
EMEA region management actions all are done in one direction push out so many employes as possible I was tagged as a private person meaning i lost posibilities for free investments Same time MD of trading team located in 388g is Public, no... — read more
Has anyone visited a branch lately
Citi is a total cluster. Employees are ticked off, service levels are poor, everything must be done manually vs electronically, and the list goes on. Not surprised Citi is imploding, they cant even get the most basic of retail banking services... — read more
Crypto vs Citi
How do see Citi position while all financial world is going into crypto ? I think 180k will be to much for company like Citi 100k seems to be to much In my opinion banking sector is heading into one big colapse
Citi stock is up, that’s true.
but, in comparison to where we were 5 years ago we are still -1.28% lower. Compared to JPM from the same time frame, they are 82% higher and they are of the same relative size as Citi. So yes, the layoff has made the stock price rise but its yet... — read more
Citi fired Mike Whitaker
Citi fired Mike Whitaker and split operations and Technology. More info to come, so stay tuned.
Sign-on bonus repayment
Did any of you end up repaying signon for leaving Citi within one year? how quickly do they come back with repayment request? Can you opt for installment payments? also what happens to the deducted tax if you end up paying back? thabks a million — read more
Anyone here who got a joining bonuns and left before one year?
Did you have to pay back the joining bonus (Gross)/Deferred comp?
No system
Not layoff related but have any of you been without a system today? I have had a teammate without access since yesterday and today I lost access. Is this just a reflection of what happens when you let go of IT people or are we getting the boot before... — read more
Head of o&t left the firm
So after giving us the great talk about focusing on what we can do to save this company, he left
This is surreal.
I join meeting after meeting and hear either directly or indirectly from various groups (risk, tech, reporting etc…) “x is broken and we don’t care” “this is not working but its ok, we don’t care” . When reported to one of the reporting groups that... — read more
Who works here?
The people I sat around did nothing all day, sat around and chit chatted all day after day, month after months, they had no work, always all caught up. This was the majority of people in my location. I didn't have a spare breath to take during my... — read more
NY only 60 days notice in Buffalo NY
It seems people in NYC were given 90 days notice, and people in Buffalo NY were only given 60 days notice. I wonder why, shouldn't it be the same under warn? Anyone from Buffalo given 90 days vs 60 days notice?
2 big 2 fail
This is a relative statement Truth is not relative Citi is a child of the USA I don't believe that a mother will die for her child when it comes to breathing Not for a child like that
WORKDAY ACCESS, After working notice?
How do we access workday and paystubs after our working notice period and we are in our non working status. Anyone know? I no longer have any access to systems and email which is understandable. Can we still access paystubs/ workday somehow?
Is every unit like a sweatshop or am I just in the wrong one?
I'm an IC and ever since I started I'm rushing the entire 8 hours to submit work with very agressive deadlines. Not only do I have my 8 hour job that everyone in my team has but I'm supposed to take care of other items that I've calculated would take... — read more
Has anyone layed off from CITI Bank in March, 2024 received their Severance Package or package details?
I was let go from CITI Bank Tampa in March of 2024. I was put on a 1 month paid working period. Following that, I've been on a 1 month non-working paid period. I've reached out to HR and my HR severance contact requesting an overview of the contents... — read more
Anyone know correct Citibank address to use when filling out forms in US
Since being let go I have all these forms to fill out - for health care - unemployment etc. Do I use the Tampa address on my W2 the Headquarters at 388 or the address of the work location. I'm not sure65
Org flattened, same c-level makes 10-20% more than manager?
Any perspectives on how to work with leadership and HR to address situations where a direct, at the same band level, tenure and location, makes significantly more than the direct people manager?
Citi's head of APAC institutional sales has disappeared
https://www.efinancialcareers.com/news/serge-pomonti-citi
Citi is always Shaky
We all know Citigroup's name was tarnished during 2008 Financial crisis. Citigroup reported massive write-downs on its assets, including those related to subprime mortgages and credit derivatives. The bank required multiple rounds of government... — read more
Toxic Culture
Why is the work culture so toxic here? Too many SVPs and Directors get on calls to overtalk everyone else. They refuse to absorb useful information and resist ideas that aren't theirs. Citi is doing something wrong if these are the types selected to... — read more
Bankruptcy?
Citi is too big to fall right? Why is it behaving like bankruptcy then?
Survey
There is a survey about Jane’s 15 minute town hall. Please give your honest option
Warn Notice NYC Layoffs - Start Date: June 29th - 430 Layoff
4 in Tech: https://dol.ny.gov/system/files/documents/2024/04/warn-nyc-citigroup-technology-inc.-3.30.24-2023-0310.pdf 62 in Global... — read more
Severance benefits??
Anyone else receive info about outplacement services provided to help find a new job?
Can Citi get rid of the negative value middle management?
Unfortunately Negative value middle management survived reorg although some of them became unofficial. They are more aggressive with their territorial. So please layoff all knowledgeable IC or useless middle managers or unofficial managers to make... — read more
Middle management/ converted I C Territorial
I got consistent threat from middle management/ ex SVP that I should not answer any questions but give answers to them to answer although all was perfected alighted. Why Citi want these layers to block the efficiency!
Madness ain't over yet - Next layoffs in JUNE!!!!!!!!!!!!!!!!!!!!!!!!
https://www.reuters.com/business/finance/citi-lay-off-363-workers-new-york-2024-04-01/
Phase 4 Done. Anyone know what is Phase 5?
What is phase 5? Reassess and target for more layoffs?
Citi leadership in a nutshell
https://www.instagram.com/reel/C3nMjyEgBNa/?igsh=OHFmb3kzMmo2N3h4
Home office
Did anyone just stop respecting home/office rules? While at the beginning I tried to respect rule. Now i just cannot seem to care… if they want us cut, we’ll be cut anyway, why waste free time on commute just to show up and do remote job on zoom... — read more