Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

It's bullish

https://youtu.be/faEBUH7zCY4?si=Vwz79XIEeBoK6cPD

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Post ID: @OP+1sCUt1pK

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.

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

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Post ID: @OP+1syaLqNo

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 

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 

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 

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| 970 views | | 2 replies (last May 15, 2024)
Post ID: @OP+1swyQoTE

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

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Post ID: @OP+1sv4RHc0

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?

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| 612 views | | 2 replies (last May 28, 2024)
Post ID: @OP+1sve1W7v

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 

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| 1590 views | | 19 replies (last May 22, 2024)
Post ID: @OP+1srsx2Oi

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

Severance benefits??

Anyone else receive info about outplacement services provided to help find a new job?

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!

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 

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