Have only been in it for a few months but people are always whining about pay when at least in my area it's one of the highest paying employers, people mad about only getting 8k bonus (was lucky to even have 5k at any place else), people mad about... — read more
If we are going to be laid off, will we still get bonus in Jan 2024?
As bonus is paid end of Jan but layoff continue till end of Q1'24, will we get bonus if we are in the layoff list?
A slow trickle of layoffs
Is that what the future is going to look like? That's my worst fear. Always being on the lookout for layoffs. I have anxiety as it is, so something like this would only serve to drastically intensify it. I hope we have one big round next year so we... — read more
All Finance doors are shut
Heard few more financial companies are also preparing for their layoffs and not planning to hire till end of July/ end of 2024. It’s going to be a tough game. Specially for visa holders.
Ratings early announcement with layoffs?
Ratings early announcement with layoffs?
Are we supposed to be grateful?
For the whole 'work from wherever you want' thing for the next ten days? Are we supposed to think our overlords are so, so generous for allowing us such a luxury? How kind of them! I'm in awe of their kindness and consideration for us regular... — read more
Some team members have been moved to other teams
I have heard that some of the tech team members from Shadman's team(CIO) have been moved from one department to another. One of the MDs mentioned that the people are being moved so that their positions can be saved up to some extent. The risk is not... — read more
LinkedIn job search engine freaking rocks
Such filters as “work from home” and salary amount. Yeah, yeah, I know, right about now the comments are forming of: “no one is hiring right now man”,” everyone is laying off”. Keep in mind this is NOT a permanent state of being forever never to be... — read more
Motivational fuel.
There are tons of angry, worried, resentful posts out there. People concerned about being let go before, during or after Christmas. People angry with the way the layoffs are unfolding. Other’s upset as to the reasons “why we are at this juncture”. ... — read more
I envy those who know how to switch all of this off
I know people who have "flipped the switch," to put it like that, since they know nothing will happen before the second half of January and are acting like business as usual. They are able to think about the coming holidays without stressing. I'm not... — read more
Your prediction for when it will all go down?
Jane has seemingly tied things to the 4Q 2023 earnings report, which is Friday, Jan 12. Obviously, during this event, she/Mark will mention the number of employees getting dismembered. Do you think people will get tapped on the shoulder before or... — read more
Retirement services
Is this department safe?
When is the good time for internal mobility?
In 2024, when is the right time to look for internal career opportunities?
Is in-office time considered in the ratings?
Just wondering if I could get a lower score in the What category if I’m not coming in three days a week.
My two cents about ratings
Citi has very high standards, at least on paper: Genius Star OK S**t Everyone in the comments below are saying that unless you are doing something exceptional you should be 3, and if you do just a slight mistake - 4. What I do not... — read more
What does a 3/4 rating really mean?
Been with Citi for only 12 months. Given that a 4 is bad. Is 3/4 considered the same? Although 3 is how and 4 is what. It still doesn't seem good. What does a 3/4 eating really mean? And what's your stance on whether those ratings will be apart... — read more
This is the part when the grinch learns to love.....
Thanks Jane. https://www.cnbc.com/2023/12/15/citigroup-employees-told-they-can-work-remotely-until-new-year.html
Look at the stock price
90% will remain so hustle ppl
What happens when an employee receives a 4 rating
If you feel you didn't deserve a 4 rating due to bad management experience and them trying to make you look awful. Do you have to acknowledge the 4 rating on workday? What happens if you do not acknowledge you had the talk?
Anybody puzzled by hiring spree at some regional offices
So I've been hearing about layoffs for a while now. And ever since I've started it's been a huge hiring spree position after position for tons of roles, so I don't get how this makes sense given that they also plan to lay off. Also, has anyone... — read more
How bad is 3 rating (across all categories)? Is it going to be difficult to find internal mobility opportunities with this rating?
I am a bit shocked to receive this rating despite the fact that I worked quite hard this year. Worried this is going to impact my future prospects at Citi. How bad is this rating?
has anyone been approached for early bonuses?
https://www.bloomberg.com/news/articles/2023-12-13/citi-offers-partial-early-bonuses-to-encourage-staff-departures
US Municipal Business shuttered
I believe this was widely anticipated on the street. Anyone know how many that portion employs?
Has anyone out here received a “voluntary redundancy package”?
https://www.efinancialcareers.com/news/2023/12/citi-voluntary-redundancy
Jane Ask Me Anything
It's amazing how she answered the questions without providing an actual answer to what was asked. She essentially dodged all questions. Would have been better to not do it. Anyone else more confused after the AMA?
vendor consultants enjoy more than employees
Vendor Consultants doesn’t seem worried about layoffs. They don’t have to show up in office and get good medical benefits
Comedians hosting a Town Hall ?
What are your thoughts seeing a bunch of "Seniors" trying to be funny and having a laugh during Whitakers Town Hall while they planning thousands job cuts the same time ?
Stuck in perpetual "transition" mode
That's what it feels like. How are we supposed to focus on work in these circumstances? It's just a never-ending restructuring with never-ending cuts. And I can guarantee you, even after they say it's over, it will be only a few months before they... — read more
Anyone laid off will be paid a partial bonus
https://finance.yahoo.com/news/citigroup-offers-partial-early-bonuses-151556484.html
Citi hires a trader it fired...
https://www.efinancialcareers.com/news/2023/12/citi-rehire-a-trader-that-had-been-fired
Internal Mobility?
I see tech teams being moved from one country to mine but they are hiring the same people and paying for their visa and relocation. How does this make sense when we are supposed to be saving money? Also, if Citi is making you redundant purely to... — read more
Early bonuses
https://www.reuters.com/business/finance/citigroup-offers-partial-early-bonuses-encourage-departures-bloomberg-news-2023-12-13/#:~:text=Dec%2013%20(Reuters)%20%2D%20Citigroup,people%20familiar%20with%20the%20matter.
Concerns about biased layoff selection
I recently discussed the impending layoffs within our team with a colleague based in New Jersey. We’re both hoping to avoid being selected for layoff. During our conversation, my colleague mentioned that our manager assured him that he is working to... — read more
Roles with no real purpose
Did you notice an increase in roles with no real purpose? How many PowerPoint warriors does Citi need? How important is it to go from a meeting to a meeting where they keep repeating the same things over and over again? How come they are not the ones... — read more
Have the layoffs made you paranoid?
I freak out over everything.
MD offline for two weeks...
If an MD has been offline for two weeks with no OOO on, is it safe to assume they are gone? Within Risk.
Toxic MD gone !!!
I will say I am glad to see one of the most toxic, degrading and demeaning MDs leaving. She would yell at her managers if she had low VOE scores, demean her managers in front of others and degrade them. If you worked there you know who I am talking... — read more