I get that the job market is not good, but I just can’t stand this place anymore. I have been working my a-s off, and yet I can be laid off anytime next week, or next month, or anytime this year. My work ethics will have nothing to do with the... — read more
Do we still need offshoring?
With advent of GitHub Copilot and ChatGPT based solutions, do we need to send/share code to offshore ? Those activities can be automated with minimal effort in onsite?
Capital One is acquiring Discover
What is Citi future? https://www.cnbc.com/amp/2024/02/19/capital-one-acquiring-discover-financial-services-report-says.html
No one listens.
Employees have been saying for years that there are too many layers and processes are too encumber some, long, obstructive, complex, inflexible etc… no one cared. So now Jane says she’s trimming down things to make it less complex because of too... — read more
Too many changes for the worse
I sometimes feel like getting laid off from Citi at this point would actually be a blessing. This has turned into a total dead-end job with zero chance of moving up, and the pay definitely isn't worth it. Especially when you consider the crazy amount... — read more
Region, Services & Numbers
How to know in real time how many gone so far, which services and regional wise. I came to know due to In-Country Local Law, few site the layoff will be in smaller chucks and not mass layoff.
Bare Bones
They keep cutting staff but requesting (term used loosely) more work to be completed with aggressive timelines. This has all the signs of them wanted people to leave without waiting for a severance. Burnt out is an understatement. It’s a challenge... — read more
I guess we’ll see how serious they are about saving money.
It’ll be interesting to see how big Jane’s bonus is AND the amount of stock options given to her will be. Millions? Ten’s of millions?
: Office Politics inside Citi : Favorites with Fake JIRA's
Noticed lots of Fake JIRA's in recent days to track in name of "Favorites". None of them require any code changes or real work. Mostly coordination activities These stories are with high "Story Points" to show themselves as "Busiest" person in... — read more
Rework
Here is an example of how Office politics work inside Citi. When a new project starts the management assigns to their favorites and some consultants. The "Favorite" claims he/she does architecture and the work is completed / initiated with their... — read more
What do you think your job is?
Does anyone else notice how much time middle management spends feeding her own vanity trying to be on the TV circuit? Hours spent with teams of people trying to get her to sound smart. It's a complete waste of resources. Clients aren't moving... — read more
Bank Run
With so much bad publicity, would Citibank survive if we (employees) took our money out and let other clients know through social media? Just wondering…
I know that upper managers for the most part don’t care but I wonder….
if they ever read these posts at all just to see what the employee vibe truly is beyond lying on the VOE.
Don't take your work issues home
I've noticed a bunch of people complaining lately about being unable to relax and unwind properly over the weekends because of work stuff. You have to change that. If you keep up with this, you're heading straight for burnout town, and that could... — read more
If Citi wants to save money and maximize time, halt the forced camaraderie.
Forced camaraderie never works. So you have aggressive deadlines. You are under the g-n to get it done. You are forced to attend get-togethers, which cuts into the time in which you could be working to meet your deadline. So to make up for the time... — read more
Citi emp count
Any way to get total count and region wise ?
Anyone is asking to be laid off?
Those who are asking to be laid off - what are your reasons?
Job cuts at Citi, Deutsche Bank show the future has arrived on Wall Street
“US banks have operated at cost/income ratios of 55 per cent-60 per cent for the better part of 30 years; internet banking and then mobile banking have failed to move the dial. Part of the reason is that new channels don’t immediately displace old... — read more
Anyone further information on Belfast site?
From the communication sent round yesterday the consultation period has began and from 27th February people at risk start to be notified. Does this mean anyone in that business area/level where there are cuts will be notified? Or if you are contacted... — read more
So what's the word with the layoffs?
because everything seems business as usual, so have a lot of people been laid off already or are we on the verge of that still? I see no change
What are the strategic locations and groups
Which location are safe and not planned for layoffs? What groups are least impacted
Next layoff announcement in Feb or Mar?
Any word from seniors on whether or nof next phase of layoffs would be communicated in February or would it be in March? Specifically for US
How to check WARN notices for layoffs?
How to check WARN notices for layoffs? any specific websites per state ?
CTI Mortgage in O'Fallon MO
Is their any scuttle butt regarding CITI dumping their mortgage origination operations ? The servicing piece was transferred to CENLAR in 2019 but CITI continued the originations.
Checking Loyalty using a hired Recruiter
I got a call from a recruiter last week saying there is a opening in "XYZ" bank. The recruiter asked me if I am searching for Job actively. I said Yes. Next week my manager said to me he spied on me with some recruiter and I said Yes. What can I do... — read more
There'll be nobody left soon enough
In my department, it feels like a split between job hunters and those not-so-secretly wishing for a layoff. Trust in management was shaky before, but now it's completely shot. The vibe is a blend of uncertainty and discontent. It's never been this... — read more
Does cracking whip really work? Lessons not learned.
Sure it works for a bit but in the end the do more with less. Have more aggressive deadlines and complicate processes does not provide the long term results you may want. Result is, you have employees doing the work of 2-3 people, finding ways to... — read more
Citi Risk to Exercise more pressure.
https://finance.yahoo.com/news/citigroup-c-pushed-fed-speed-143700288.html
The new scrum masters
Did you noticed in recent days in all Organization the old junks and favorites are tagged as "Scrum masters"
Citi counterparty risk
https://seekingalpha.com/news/4065450-citigroup-gets-new-notices-from-federal-regulators-on-counterparty-risk-report
Next layoff date?
Does anyone know if layoffs are officially scheduled for March 20th or is it just a rumor? Also, was there any announcement regarding layoffs on Feb 20th? How can we verify this information and prepare? Any insights on where to find reliable updates... — read more
Out of all the section that should be trimmed down the most, HR would be it.
Layoff the bulk of them and outsource what HR you need as you need it. They never respond and when they do, they give the least obfuscated answers they can give. Most often times its a link to the FAQ which in turn usually does not answer the... — read more
New Payroll "ASR" Information
Hi, all. The pay bands got posted today. Does anyone know how to interpret the max. "ASR" number? I am hearing all sorts of stories. Some say it's the maximum salary currently being paid for that C-level for your department (or division) for your... — read more
New Fed Rebukes
https://www.reuters.com/business/finance/citi-hit-by-new-fed-rebuke-setbacks-consent-orders-2024-02-12/
Why do my posts keep getting deleted?
I am in HR and have given direct, factual, objective answers to some questions being posed here, and the mods keep deleting my posts?