https://www.bloomberg.com/news/articles/2024-01-09/morgan-stanley-displaces-citigroup-as-least-loved-big-bank-stock

Since earnings announcement is next Friday, have a feeling it’s going to get nasty bc analysts will definitely ask about “headcount” and I think last time they asked, Jane or mark said we won’t know until next quarter aka this Friday.

Because I see lots of misinformation here: I have been through restructuring at another large US bank: I was contacted by the senior ED of the team and he shared that I will be moved to a different sub-team. My manager was aware but was not on... — read more 

I am on my last leg. I am very competent with my job but the leadership is so toxic and every day is soul crashing. My colleague advise me to wait a couple of months but I am not sure if the suffer is worth it. Seeking advice and thank you.

Logged into my virtual desktop today and realized - aaa it is much faster now, Citi have installed new CPUs for us. But then I saw that the CPU was running at 50+% constantly - and then checked and realized they also installed a mouse/app tracking... — read more 

Has anyone else heard this is happening on Wednesday?

Has anyone else heard this is happening on Thursday?

Will it be the direct manager or director of the team , to let employees know they are being laid off?

Overall what does 3, 4, 4 rating means? Is client and franchise outcomes considered in the overall rating? And does this means overall 4 rating?

We have to deal with an unhealthy, stressful environment every day. Layoffs are starting to look like the better option at this point.

Hi guys, Just wondering, when you apply for internal jobs, will the new hiring manager see the rating and comments made by your old manager? Thank you very much.

There are some who seem to thrive off of the panic and fear mongering here. They can’t seem to stomach the thought of others seeking to leave the company but truly seem to enjoy letting you know that you are 100% at Citi’s mercy with absolutely no... — read more 

Slowly the hiring started back in market. Looking to jump from this chaos.

Should I assume that next week is safe? I've been going through posts here once again and most predictions on the start of layoffs mention either January 15 or some subsequent date. I know it doesn't make much difference in the grand scheme of... — read more 

Anyone has heard anything about layoffs in TTS?

I know most companies does background check for Employees. Citi also does it with basic criminal checks and thumb printing. #1. Does Citi performs similar checks for contractor conversions ? #2. Does Citi checks for Education background and validate... — read more 

VPs in Risk were let go at the end of December in EMEA... Seems like some teams will bear heavy losses - in the particular team 2 out of 3 VPs were let go.

Does anyone know what bonus for rating 3/3? Is it around 1 month salary or even less?

I heard that some comms are to come out tomorrow... anyone else with more information?

I’ve been around for a long time and Citi is not the only wrung in my employment ladder. As such, I can honestly say that Citi HR is probably the most worthless department that I’ve ever come across. I don’t mean worse HR department but rather... — read more 

First paragraph reads Based on your current role, you are an employee subject to early termination notice requirements (Garden Leave) under Citi’s Employment Termination Notice and Nonsolicitation Policy (Policy). Have any of you received this?... — read more 

Last year it was informed on 11 Jan, does anyone know if that would be the same this year?

How are we expected to maintain a positive work environment with layoffs constantly hanging over our heads? Honestly, my productivity is a joke currently and it's not because I'm intentionally slacking off. I just can't concentrate properly on... — read more 

I've been seeing in this page that bonus doesn't guarantee since terminated employees will get bonus, but what about if they tell you your raise is this ____. Are you still not safe in the short term?

I am hired into Citi and working in a project for past 2 years. After joining I got a rating 3. since I was new (within 6 months) I accepted the rating. I did lot of work for past 1 year and today I got the rating as 3. I am surprised. The project is... — read more 

Just curious how the Severance pay out works. I know that you receive two weeks of pay for every year you work with Citi (so 3 years would be 6 weeks of pay), and vacation time paid out is also clear because you just get the balance you have, paid... — read more 

People are losing their health stressing over what's coming as well as their livelihoods when they are laid off, but hey, the stock is going to soar! Let's remember what's really important in the grand scheme of things, right?... — read more 

I’m sure that some of the posts are true and that Citi is dragging their feet on paying out on severance or pending benefits. Hoping that frustration will cause a person to take just any job at a much lower wage or just drop it. Once a job is... — read more 

I was laid off in Oct. I was placed on a 60 day non-working notice. Its now Jan and I still haven’t received my severance. Citi is in really bad shape.

Heard that managers are asked to give harsher ratings so just curious

https://www.efinancialcareers.com/news/2023/12/job-security-investment-banking