My audit schedule doesn't have any audits for the remainder of the year on it as yet. Don't know why it's taking so long to update or if there will be additional cuts. They did mention that IA was finished with cuts within phase 3.
Jim Adams Leaving
Wow Jim Adam's leaving. Saw that coming.
Citi is a weird old place
I have never seen a top-tier institution full of so many whiny, low-qualified people who are clinging to comp and ben they can never get anywhere else because no good company will ever hire them at such level as Citi. Pathetic. This is why so many... — read more
Technology Leadership ?
D's and MD's in Technology division should come from Technology background. Why there is a requirement of pure "Business" background executives in Technology ? How much they worked in technology to be in current position ? How much they coded ? How... — read more
Tantrum
What if long-time SVPs and VPs throw a tantrum that they are not going to have direct reports cos there are not enough people going around, especially when C15s and above require six or more direct reports?
Minimum 6 ?
I heard that manager must have minimum 6 employees under them( contractor not included) What will have if have less ?
All of Jane’s all hands meetings summed up in two sentences.
We’re a family….until the number aren’t awesome….then we’re acquaintances. Wait, let me check, ok, my 6% raise is in…..yeah, we’re acquaintances.
Citi filed layoff notice on WARN site - so laid off employees won’t get 90/60 days notice?
Looks like Citi filed a notice of layoff on WARN website. Does it mean those who get laid off in March won’t get 90/60 day notice?
Jane and the Shills now showing at a cafeteria near you
Is it me or is everyone tired of the Mary Poppins (Jane) show. There is nothing authentic about her 15s and nobody seems to be buying her rhetoric. The questions are predetermined with practiced answers and the audience is filled with shills.
So head of IA told employees IA IA done with layoffs
Head of IA told audit employees within the NYC townhall this week that their done with layoffs within phase 3 and there shouldn't be any more cuts since the new org charts went out in January. Don't trust it, think they don't want more people... — read more
Need Advice
I was told by my boss that if I need to go to the Doctor I should go either afterwork, on the weekends or on a scheduled day off while using vacation time. She also told me that no one on her team uses sick days and we give that time back to Citi... — read more
Mental conditioning has a solid root in Citi.
I believe Citi has worked really hard at fostering that they are “Corp Elite” for which you have no recourse but to bend to their will and honestly it works. Assuming that half of the posts are true about verbally abusive managers and various... — read more
There will be even more layoffs then initially proposed
Once executive management gets that taste of blood in their mouth and realize the ones left will get the work done they will continue more cuts. They cant help themselves anything to make the stock raise a $1
Changes to departments behind email Address
Did anyone notice changes in Outlook to departments listed after a persons name. My managers has changed. Some others on the team change when type name but they quickly change back
Need a Break Badly
Every one in Citi is suffering from Mental Trauma of layoff. Everyday is starting with question what happens today ? and continues with Job applications, waiting on Interview calls, etc... On the other end, more pushing of work sorry work related... — read more
They could always ask for volunteers
This was said before but I'll say it again. If Citi asked for volunteers, there are plenty of us who would be happy to take the company up on that. That would make this whole process much less painful for everybody involved. Why we haven't had a... — read more
what are the criteria for layoff
I am below C15 level. Other than performance, what factors would be considered to sort out people?
Good luck New York
https://www.foxbusiness.com/economy/citigroup-cut-nearly-300-jobs-amid-layoff-spree.amp
At risk of redundancy
Anyone know what are the chances of actually getting another role internally through the consultation process? Doesn’t look like there are many jobs going around on the internal job board…
30 mins I'm not getting back
someone make her shutup. Simplifying the bank bs, why doesn't she not take a pay cut for her incompetence
The pendulum swings both ways, it just takes time.
There are phases to reaching both extremes, we are in one right now. Employer side of the pendulum swing: Job marked it stale. Crack the whip, do more with less, tighten deadlines to squeeze more out of your employees. Enforce more stringent... — read more
Flexibility
I remember a time not too long ago when Citi boasted about their flexibility. USPB is now required to be off on all holidays, floating or not. This notification had me thinking about how militant things have gotten since Jane came into the picture... — read more
Is SVP title going to be eliminated ?
What level is it being merged to? Most other banks have already got rid of it.
Tell me who!
There seems to be a long list of threads that purport to know that layoffs are happening or are about to happen. We should know who, specifically, has gone. So write the names of c15 and above in this thread to prove that actually there is a round of... — read more
Phase 4 of 8 Layoffs
Phase 4 of 8, has started. New org charts come out mid March, mass lay off happen week of March 22. Approx 45k people will be let go from now til 2026 in O&T alone.. gear up for a bumpy ride. The Brits are winning, no more shadman. Jane lack luster... — read more
Layoffs started
Confirmed couple of team members are let go and few others offered different roles today. Finalizing org charts before end of March so it starts. What I heard people are not given choice they are deciding roles for everyone regardless of skills... — read more
Citi Taps JPMorgan Executive Raghavan as Head of Banking
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-26-2024/card/citi-taps-jpmorgan-executive-raghavan-as-head-of-banking-T8X3be6oqLpl4UV3qemH
Citi freaking culture….yeah, right.
So tired of hearing and reading “Citi culture this and that etc..” You want to know what Citi culture is, well I’ll tell you. Citi culture: Letting people go to make up a loss of revenue for a dropping business but making sure you lay off enough... — read more
The new multi use phrase at work. “Bora bora” but let’s not forget its true meaning.
I’ve heard Bora Bora used many times in many different ways. Was your rewards about what you expected? No, the bora bora affect kicked in, so not so much. Moral is at Bora Bora level 2. Be careful or you’ll be Bora Bora‘d out of here. I’m... — read more
Anything seems better than Citi
Citi has been messing with my mental and emotional health for a while now. I've been feeling the weight of uncertainty, frustration, and stress at work constantly. Not to mention that navigating the maze of office politics can be utterly... — read more
Epitome of Citi ethics.
Jane’s raise in light of her failures that lead to us being laid off….aaaannndddd…….THAT….my friends is the epitome of Citi ethics right there. THAT is the example you are to follow. YOUR layoff is funding her salary and her newly acquired raise. A... — read more
Does Citi tracks your phone call records ?
Does Citi tracks your phone call records ? WhatsApp records ? If so How ? They claim communication medium should be Citi only.
The Biggest Rat Race in Citi
Having worked for several banks and IT firms, I noticed in Citi is there is a huge Rat Race. Every one is insecure about their job. Fear to share. Fear to discuss. Fear to collaborate. Fear to try new things. Fear to voice out. Fear to speak up... — read more
Can a PIP be given anytime after 3,4 rating
Hi, If someone received a 3,4 rating how long does it take to get on PIP? Can the PIP be given anytime during the year or is it within the next performance review at the end of year? Now my manager logs every discussion and even if I want a day... — read more
Quiet Firing
I totally think this is happening to me right now. I don't know if I am going to be a part of the layoffs or not. I feel super undervalued and this blog article unfortunately ticks off 100% of the things discussed. If I don't get let go in the next... — read more
Update.
Seems operational risk will be hit hard - latest numbers show 30% reduction in force in some regions...
Jane got a 6% raise -- to $26m
Bloomberg is reporting today that Jane just got a much bigger raise than the one I got this year. Mine doesn't even cover the increased health insurance costs. Must be nice to make $26m. Can you imagine her bonuses? That 6% bump she got would have... — read more