Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Decided to leave

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?

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| 720 views | | 5 replies (last February 21, 2024)
Post ID: @OP+1raOzQFe

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

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| 920 views | | 5 replies (last February 25, 2024)
Post ID: @OP+1ra2sTHO

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 

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| 1120 views | | 5 replies (last February 22, 2024)
Post ID: @OP+1raNLQiw

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 

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| 1020 views | | 2 replies (last February 19, 2024)
Post ID: @OP+1r93RPMR

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.

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| 870 views | | 4 replies (last February 20, 2024)
Post ID: @OP+1r93Bh5C

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 

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| 860 views | | 4 replies (last February 21, 2024)
Post ID: @OP+1r9afbhD

: 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 

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| 803 views | | no replies yet
Post ID: @OP+1r8OdFYr

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 

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| 1400 views | | 7 replies (last February 20, 2024)
Post ID: @OP+1r70QtO2

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 

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| 630 views | | no replies yet
Post ID: @OP+1r7uan4E

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…

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 

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| 720 views | | 6 replies (last February 17, 2024)
Post ID: @OP+1r6VePNh

Citi emp count

Any way to get total count and region wise ?

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| 484 views | | no replies yet
Post ID: @OP+1r6LsbRd

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 

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| 840 views | | 1 reply (February 16, 2024)
Post ID: @OP+1r5Pfpxx

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

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| 1360 views | | 9 replies (last February 16, 2024)
Post ID: @OP+1r5DXZud

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.

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| 560 views | | no replies yet
Post ID: @OP+1r4tUYam

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 

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| 770 views | | 1 reply (February 14, 2024)
Post ID: @OP+1r4mjMTG

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 

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| 900 views | | 9 replies (last February 22, 2024)
Post ID: @OP+1r4EQ5D6

The new scrum masters

Did you noticed in recent days in all Organization the old junks and favorites are tagged as "Scrum masters"

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| 1140 views | | 8 replies (last February 27, 2024)
Post ID: @OP+1r38LeNN

Citi counterparty risk

https://seekingalpha.com/news/4065450-citigroup-gets-new-notices-from-federal-regulators-on-counterparty-risk-report

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| 730 views | | 2 replies (last February 14, 2024)
Post ID: @OP+1r3nn1Qg

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 

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 

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| 1650 views | | 7 replies (last February 16, 2024)
Post ID: @OP+1r2UuOdA

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?

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| 1120 views | | 7 replies (last February 17, 2024)
Post ID: @OP+1r2te2Ds

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