Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Cuts in Risk

Cannot say more, but some teams in Risk are being considered for cuts. Target looks like around at least 20 percent of teams in high-cost locations should be gone by EoY. This would be either through relocation to cheaper place or redundancy.


If Citi AI was all that and a bag of chips, they’d use it on the least complicated role and get rid of HR.

The record keeping, filing, personnel data correlation yada yada….is nowhere near technically complicated as a majority of roles. If AI can’t manage that, then you can forget it being able to handle anything more than that. So, start there. Let... — read more 


I'm scared

My wife lost her job three months ago. She worked there nine years. We have four kids. If I get laid off, we're ruined. Please share real information. I just want to provide for my family.


Boston Consultancy Group

I doubt that Citi had extra “credit” with the Boston Consultancy group. This is probably just said to cover up spending the money for consulting since we are supposed to be in saving mode.


Aml…….

Roles are going to Poland or AI.… “too much work” that’s what they say. Now they track how long we are active, production expectations through the roof, people getting ROD or PIP…. I heard June and July. Possibly FIU first?


How long does it take to get severance?

In the document they gave me they said it’ll take 1-2 pay periods to process and be delivered into your bank account but I’m seeing cases on here where people are waiting a few months out and still haven’t gotten it. Are these outliers?


Stockholder Proxy - Vote!

Executive compensation keeps increasing while workers keep getting laid off. Proposal 3 - vote against. Proposal 4 - vote against. Make your voice heard if you own stock in Citi through the 401k plan. Proxy statements and ballots were rec’d in mail... — read more 


My time at Citi is almost over

And I have to say, I'm looking forward to watching what happens next. Not in a mean way. Well maybe a little. They mistreated me for years and seeing them struggle, make bad decisions, slowly fall apart, it will be enjoyable after everything they put... — read more 


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