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

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

I'm convinced that instead of having layoffs in January, the leadership will make us wait to make sure more people quit. The fewer people are left to lay off, the more Citi saves in severance costs. And that means bigger bonuses for those at the top... — read more 

There is always a word inside Citi. The Culture is broken and Citi is going to follow New Way. What is Culture ? Culture is something a team /org as a whole behaves. Whether it is marching forward or pulling the whole company down. Jane brought... — read more 

Why limit your job searching to just internal postings to Citi? Why limit your job searching to just the financial sector? Search beyond the financial sector. Yes, for now, there are not a lot of postings. Yes, there are tons of applicants per... — read more 

Does Citi have too many VP’s? Not really. In order to bring someone in OR to retain them, you have to give the a salary that equates to their role\skillset. In order to do that, you have to place them into the VP slot as that provides you the... — read more 

https://www.entrepreneur.com/business-news/nike-intel-cutting-jobs-next-year-layoff-projections-2024/467657

It is good that Citi tech teams are being laid off. I have never seen a top company with such a poor tech stack. I experienced problems with almost every piece of hardware/software I have ever used at Citi - laptops, dongles, WiFi, Citi authorization... — read more 

Severance packages used to be much better, not just at Citi but overall. If you were laid off, you'd get a proper safety net that would help you land on your feet. Today, we get a week or two at the most per year with the company and that's it. No... — read more 

Did the co-CIO repping consumer get axed?

Why are there 2 or 3 people chasing me down almost every month to complete my training or to get project updates? Why do we need 5 SVPs to track whether consent order work is on time? Why is my boss asking the team on how we can improve the PM... — read more 

What do you think Citi needs to do to turn the company around? What are the top 3 things you would do if you were in chrage? I know it's it's not easy and it wouldn't be a quick fix. I know culture needs to change but how do you turn the Titanic?

This is normal. Investors want to jump on board while the stock is low and is supposedly rising. The hope is that the layoff of “trimming the fat” shows people that “management is serious about the bottom line, the balance sheet” . This is all... — read more 

No, I don't want to be laid off. But I'd rather know I'm out of a job and start working on my next move than having to wait and stress over it for fu--ing months. It's one thing to tell people about layoffs a few days or a week ahead, but months... — read more 

Are they sleight of hand or some complex form of subliminal messaging? Or rather does she think she is looking fancy flailing her limbs and head about? Girl you fancy huh.

I have been with Citi for almost 11 years, but it’s the first time I am worrying too much seeing this forum. It’s giving such high blood pressure and panicking after seeing fear from my fellow Citi’ens.

Anything u heard about layoffs in markets technology? Will it be mostly c14 and under?

Who do you think in corporate banking will be affected in Jan? C16 to C11s. Bankers or Support Bankers

The Citi work environment involves managing with a level of fear and chilling the employees. This is such a strange culture; has it always been this way?

I’m surprised at the terminology used here such as “brutal,” “bloodbath,” etc. and then all these media msnbc getting constant “inside info.” which sound more like controlled deliberate information releases by the own bank to the press about the... — read more 

We've had a nice little reprieve but now it's back to reality. It says a lot about the current state of Citi if I'm feeling physically ill at the thought of having to deal with work and all the cr-p that comes with it these days. I've lost all hope... — read more 

I assume the culture has always been problematic and the layoffs and uncertainty. How has the bank managed to retain people for 20-30 years?

How many of you hold Citi bank accounts. Do you close it for good knowing current operating scenarios?

India based VP's trying to control US based employees. They don't have proper understanding of Business or Technology. Just clean office politics and managers trying to save money by offloading work to India. I know in some projects, Indian managers... — read more 

This is becoming a new trend. Jane and senior execs charting all over the world to be anywhere but near the employee base they are chilling before the mass exodus. She is just avoiding the overall problem she contributed to.

Citi is advertising on changes . It brought employees from Microsoft, JP and other companies. The existing platform is not changed yet and new comers are treated badly due to office politics. The upcoming layoffs might target new comers than old... — read more 

When will this group be impacted and in which regions?

Can Citi do anything to you if you accept a new job while on garden leave? I cannot understand how this is not anti-competitive.

Is everyone already looking for a new role at this point given that there will be a bloodletting in January? After applying for over ten jobs in corporate banking, I haven't heard anything back. Is anyone else seeing the same thing? Are there... — read more 

Enjoy a reprieve for the next week. January is going to be brutal. My team and others will be working ba--s out till earnings and despite that some of us are going to get the axe. Fun times…

There are gender fluid individuals, who on any given day will decide to be considered “male” or “female”. You can’t ask them which they decide to be for that day as it makes them feel uncomfortable but you need to address them correctly. You are... — read more 

I’ve been hearing about the layoffs but I thought these had been going on already now I keep reading 1Q2024 w brutal numbers. However our regional office is hiring lots of people in my department although not same function. My boss keeps telling... — read more 

My review was submitted by my manager. He/she has not scheduled a meeting yet and I'm going on holiday break in next couple of days. What do you think? I know they have until like mid-January to hold meetings. Should I be worried or think I'm on the... — read more 

I'm not asking any of you to share any insider info you might have. I'm just wondering if things have already been decided and the leadership is just waiting for the right moment to start implementing whatever's coming or are things still up in the... — read more 

I see some contractors let go

Anyone aware of any layoffs that happened in the Mississauga office? I heard one QA person was let go in November, but that's about it. It's been quiet here.