Following the MD promos - Lots of D and SVP will be promoted this year. Will be announced over the next week. More people to manage the few(er) people doing the work!

I've been trying to find a new job for months. I have no problems getting interviews, but more often than not, I get ghosted afterward. Is this normal? Am I doing something wrong? I don't expect to receive an offer after each interview/set of... — read more 

Sounds like this week is going to be a bloodbath

All the medical plan cost is rising in January without any hikes this year. If you are not aware, check in CIti's compensation and benefits website.

I recently joined Citi around 2 years ago. Over these 2 years, I noticed several cheap politics being played around. #1. Vendors: Vendors give holiday party and perks to Citi employees for hiring their employees. Citi managers eat and drink on... — read more 

https://www.youtube.com/watch?v=3njfN0IOz38

I heard someone says BCG is involved in the decision to "reorganize" and layoff. My reaction is - oh.. that explains it.

We make the firm so much $$$ and we don’t even have a nice holiday party.

Seems like a large number of jobs (at DIR/MD) are very quietly opening up internally. . . and very quietly being filled. Recent example: new head of MCA. Anyone else heard/experienced the same thing?

This forum really showcases the toxicity in Citi. We are supposed to be here to discuss insights into layoffs across the business. Instead we have s-xists, racists, bigots, judgemental a--holes, and know it alls. Barely anything productive being... — read more 

Including me, of course. People are fed up. Many of us are not even going to wait to see what will happen in January, even if it means leaving severance behind. That's how badly we want out of this mess. I don't know if that was the aim or not, but... — read more 

This is where the Benny Hill chase music starts playing. Well done Jane, well done. You should give yourself another multi million dollar raise for that one. Again keep Jane if you want more of the same.

Is there no one else wondering what the devil these people did to make MD? Cut Citi’s contribution to benefits the most? Made Workday as unusable as possible? That is 3% of the total.

While there I suffered retaliation for reporting tista, verbal abuse, demeaning verbiage and all kinds of treatment that proves they don’t care about anyone who works for them. This is not a company worth working for. I would live under a bridge... — read more 

How am I supposed to focus and do my work with such huge layoffs hanging over my head? My productivity has taken a major hit and I don't even have the strength to care. I'm mentally and emotionally exhausted all the time. This is such an inhumane way... — read more 

Was this global today or just in some regions?

https://www.reuters.com/business/finance/citis-2023-revenue-expected-be-lower-end-forecast-cfo-says-2023-12-06/

So very rough back of the envelope call stillcome back at 20k+ jobs 200k fully loaded avg employee cost (inflated by upper levels) or 50k for average 3 month severance package. $1B/50K = 20K jobs

People who knew what they were doing were kicked out. Those who know how to kiss the right behinds and nod their heads in affirmative to everything they are told are still here. If you were wondering why Citi was failing and becoming such a toxic... — read more 

I have been told, by several people, that the GFT reorg announcement is coming this Friday. Has anyone else heard the same?

So I’m hearing that Phase 3 layoffs (not sure at what level though) will be wrapped up before Xmas. Perhaps so as to avoid bonus payments…. Anyone else heard this ?

Because if they don’t then that means it would be really difficult to find internal opportunities during WARN period without having access to the system. I hope it’s something they can do if we ask/negotiate?

https://www.efinancialcareers.com/news/2023/12/citigroup-brutal-job-cuts

Will they be 50% of what they were last year? Zero? Same? Surely some senior management folks on here who can share what they have heard

I spent three years at Citi under a manager who lacked essential management skills and dealing with toxic team dynamics. This took a toll on my physical, mental, and emotional well-being, and it negatively affected my relationships. I left last... — read more 

Is everyone who is being laid off as a part of this restructuring effort will be given warn period/pay (60/90) days? Did any MD who was let go mid-Nov is getting warn pay? What about the rest of org: Directors, SVPs, etc that will be laid off in Jan?... — read more 

As part of Jane Fraser's strategy, Citi welcomes constructive criticism. If we are to rebuild Citi to its glories days, management asks to remain upbeat, cheerful and hopeful. Negativity and reckless rumors breed low moral. Industry insiders like... — read more 

Jane Fraser is competent, seasoned and empathetic female executive in the history of Citi. Her strategies are welcomed by the board, investors, the markets and employees. The current restructuring will make Citi lean and efficient. The result, Citi... — read more 

Anyone know if any MDs were laid off from Mike Whitaker or Jim Adams organization?

Why is citi still hiring and issuing offer letters and not doing a freeze when we are laying off thousands . Or is the company planning to sacrifice those newer ones during the culling

Any insides to what extend Citi Europe/Germany will be impacted?

I started back in March. I am wondering has Citi always been behind the curve when it comes to benefits and bonus. No pension or extra contribution into 401k No stock options or stock purchase place Insurance is way too high only 8 weeks... — read more 

Not sure why they had to mask the cost-cutting with the term "restructuring". It is pure cost-cutting, let's be honest.But from what I have seen from the inside, it is needed - Citi is like a government institution - there are many people working... — read more 

Opening a thread specifically for services. Any intel anyone can share on layoffs in TTS and/or securities will be helpful to track here. Any knows anything?

What positions, countries/locations, levels (C10-15)? Any insights?

I have worked at Citi and another top US bank (XYZ) and can say that XYZ's employees are miles ahead. Most of my colleagues at Citi (middle office) can barely speak English, the emails and documents they write are borderline readable and sometimes I... — read more 

Hi, Guys, I need to know how much I have contributed to my 401k account while I was in Citi. How do I find out? What is the website and number to call? Thank you!

For me, the first thing is to try to reduce it to two pages. I have many years of experience, and my CV expanded to 4 pages. Also, the market is bad, the old CV that got me many interviews does not seem enough. Please share your CV polishing... — read more 

Please share the information on preferred vendors for other banks. I am personally interested in bank jobs, so I am asking for recruiters and placement companies in that sector.