Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

My Audit schedule

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.

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 ?

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.

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 

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 

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…

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| 850 views | | 3 replies (last March 1, 2024)
Post ID: @OP+1rjcePBW

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

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| 2160 views | | 9 replies (last February 28, 2024)
Post ID: @OP+1riy9OL6

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 

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| 1261 views | | 4 replies (last February 29, 2024)
Post ID: @OP+1rh0zZFW

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 

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| 3170 views | | 8 replies (last February 28, 2024)
Post ID: @OP+1rheTh0y

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 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 

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| 1410 views | | 5 replies (last February 26, 2024)
Post ID: @OP+1rfB6g5s

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 

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| 1150 views | | 4 replies (last February 24, 2024)
Post ID: @OP+1rdNaXsI

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 

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| 1230 views | | 9 replies (last February 27, 2024)
Post ID: @OP+1rdSM4ia

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 

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| 1260 views | | 6 replies (last February 23, 2024)
Post ID: @OP+1rdMZQSy

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 

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| 2150 views | | 8 replies (last February 24, 2024)
Post ID: @OP+1rctWp0s

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 

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| 1970 views | | 8 replies (last February 26, 2024)
Post ID: @OP+1rcE2D71

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 

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