I don’t think there’s a word invented yet to express how little they care about the emotional, mental, psychological effect a layoff may have on anyone before, during or after the holidays. Don’t kid yourself by thinking that they do. You can... — read more 

Citi already had the worst culture, this is not helping.

Anyone with any insight?

What is use for app manager role in CITI

I’ve ready different articles that I think may be right on money. Basically, with the advent of AI , the first round of jobs that will be affected is HR. From what’s being tested, AI has a really high success and accuracy rate on performing those... — read more 

Layoffs hit today. 6+ people from the org are gone.

Asia head of O+T has gone. So it is happening. They did say November people.

Layoffs…..recession….2nd round of layoffs….blah…blah…blah… Oh sure Citi will use fear to enforce coming back into the office, working longer hours, doing more with less and even shortening deadlines. That’s a old page from the Citi playbook. In... — read more 

- does anyone know about the HRA? Its a Health Reimbursement Arrangement but I cannot find any details on the amount per year or a lump sum. thanks

Lots of posts for Layoff, Citi, Favoritism, etc.... Think of a few points Citi stock is around $38, which is far lesser than $60-70 it was earlier. Definitely the company is going less in stocks. Check the Finance sector and its futures. Its... — read more 

Is this true? With 250k employees that's about 15%. How many in the US ?

The article says maybe 2K more will be let go outside of the 7K already laid off. Good guess? https://www.fool.com/investing/2023/10/27/citigroups-quarter-its-complicated/

Ensure proper shuffling of people. Even cards require proper shuffling before next play. Remove Venoms: Ensure no 2 persons are working together for more than 6-7 years together. if so, there is clearly a bias in the org. One person is just the... — read more 

Those who have been laid off already - what is the notice period you got? I.e. were you told “today is your last day” or given 3 month notice? I am hearing that for those in NY WARN act should be applicable based on which they need to provide... — read more 

This includes Jane. Time for some new blood in the leadership space. Old ideas need to be kicked to the curb and open the door for the new ones. One thing for sure “more of the same” is not working.

you guys do know that there are people out there who aren’t even in the financial industry, who do nothing all day long but log into such boards as this and stir things up. Every few months making a post of “layoffs in two weeks” and sit back and... — read more 

Wish I could be a fly on those walls.

Anybody know anything about someone getting fired for posting on Social Media? Head of HR just sent an email and I am nosey.

I rated myself exceeds.

Stock holders could care less what you do…so long as the stock price goes up which it did not do. Jane being the first CEO etc… wanted to continue to break the glass ceiling, and wanted to really set a standard as an innovator. She focused on ESG... — read more 

I used to like working here. We were encouraged to work together and help each other. Now it's every man for himself. I feel like managers are now trained to throw you under the bus at any opportunity just to protect themselves. Add to this the lack... — read more 

Come to office before your manager and sit in front of him. Get into morning set of meetings in zoom and conference rooms . Get into coffee in mid of meetings Keep a iphone or music and watch youtube or facebook during meetings Walk around the... — read more 

They're too quick to promote AVPs, and too slow to promote VPs. So most people (IC's) top out at the VP level for their career (the salary band for VP is fairly wide), unless they move into the management side. There should be a lot more AVPs in the... — read more 

Hi Jane, The layoff discussions are driving the company to a different direction. Employees worked in silos earlier and were not sharing any data. This issue has worsened now. Every one is scared and not ready to share any information. .. — read more 

It hurts. It stings. No one wants to lose a job. If you're close to retirement, maybe it's ok, but if not, it hurts and it's uncomfortable for a while. Finding a new job is tough and especially in this economy where so many are in a hiring... — read more 

Citi is not a cult, a religion, or way of life. Its a business and you, the employee, are a commodity, an asset to be discarded at will needing no justification to do so. Just like you can leave Citi at anytime for any reason and HR is there to keep... — read more 

Uncertainty, non-transparency. No true venue to air concerns at work without repercussions. Lack of faith in leadership and direction.

You have to look at the reason as to WHY there are too many VPs. Citi is way behind on the comparable salary for the skills being hired. In order to pay Frank the industry level salary for his skill, you have to hire him on as a VP. Hiring him on... — read more 

At this point, it's really hard to stay motivated and productive.

Seems some employers are doing layoff around the holidays for 10-15%. Seems like a pattern. Any idea ?

I saved money throughout the years so I don’t have to work anymore, even though I’m not at retirement age please everyone save your money now and as much as you can. When they laid me off, I had a big smile said thank you and who do I speak to... — read more 

Please don’t sign NDA during layoffs. You will still get your severance If you sign you will lose your opportunity to fight back

Trimming 15% is huge. But How? Matters a lot. Is it back to be same red taped organization or a completely reshuffled reshaped one. The second one is harder and requires guts and money. The first is quick and easy but no gains. The problem is the... — read more 

Managers and their managers seem to be MIA in my dept. They are also wearing the cloak of invisibility in the office. Lol. I know reviews are going on, but getting information or things done is nearly impossible.

We have enough people leaving on their own. These are some of the best people, those who are paid more, so it's not as if they need to pay them to leave. Are you telling me that even with that it's not enough? Not only does Citi not care about the... — read more 

All done in order to get a true feel from the populous.

These are people lives that they are playing games with. Some may be sole providers for their family and with all the layoffs and the economy sinking how are they going to find a job at this time. I have never seen a company so shallow for months... — read more 

Article from Yahoo! Finance: Citi Treasurer Mike Verdeschi to Depart After 33 Years at Bank https://t.ly/suMCl

Treasurer is out, guess he knows how bad its going to get since he manages the balance sheet LOL