That's all we need.

How to handle layoff if you are not in manager’s friend list ? Manager and his friends are mo--ns who don’t let us to function properly and play games. I tried to move from this project last year.

https://www.efinancialcareers.com/news/2023/10/citi-managing-director-cuts

https://www.bloomberg.com/news/articles/2023-10-13/citi-s-fraser-to-remove-five-management-layers-in-reorganization#xj4y7vzkg This bloomberg article points to a public citi link which is gone now. They accidentally posted it? How the heck they are... — read more 

CFO Mark Mason said that "the reorganization plan will result in a 15% reduction in functional roles for its top two layers of management." Do we think this rate of layoffs will increase as seniority decreases (15% of EMT-1/-2, 20% of EMT -3, 25% of... — read more 

What a good coincidence. Citi Earnings & Friday the 13th.

I was told that there is a requirement of 2x a week in office with 3 days WFH. Is there any expectation of that number of days in office to change? Is there any flexibility in the model? (ex. if not feeling well, can I WFH for one day or will I be... — read more 

When the hiring manager mentioned that when layoffs happened there, that they had often stepped in and stopped some of a few who they felt were really hard working from being let go. I wonder do many managers do this?

Just got an offer to join Citi in risk. Currently at another bank going through re-orgs and layoffs. Is it safe to join Citi? Or could I these new offers be rescinded or positions cut? Thanks!

Regardless of what your role is, programmer, number cuncher, project manager, secretary, tech, etc… there are other employment sectors out there other than finance. If you are let go, why ONLY apply for jobs at other banks? Branch out. Try the... — read more 

About layoffs. I came from another large corporation, and they dragged this on for months and months with useless town hall meetings, and threatening emails. Round after round. Then it would stop. Then another big one. Sometimes you had... — read more 

Anyone have any info on what can occur in IA? Any idea if they will cut teams or possibly combine? Because Nadir is giving no information, have heard now their discussing roles with EMTs

Not against women or diversity. But History has shown us in the past with few Women CEO's. Does History repeats ? Do we need a new CEO ? Ginni Rometty - IBM was worst performing large cap stock. led to split of IBM later. Marissa Meyer - Yahoo the... — read more 

https://www.msn.com/en-us/money/savingandinvesting/citigroup-to-sell-china-consumer-wealth-portfolio-to-hsbc/ar-AA1hUpbw

... — read more 

Either move to Business or Get out. Useless Junks. Just surviving with English wordings No one is equipped with any technology skills.

If the current teams are transformed to 2 Pizza teams how things might work ? 2 Pizza teams will have Infra, QA, Developers, DBA's under same Director or SVP instead of separate organization. All the contractor's & vendor's has to be let go Each... — read more 

I don't know about you, but it's hard to focus on my annual review right now especially after the unhelpful townhall meeting.

Will the reorg eliminate the SVP position like in other large banks? SVP is indeed a bloated title and position, the tasks/fuy of which are usually also executed by VPs

Are the jobs from people who left, were laid off or newly created jobs? Seems like the job posting mill would dry up a bit since we are 'transforming', making cuts and such.

In early 2022, it was get vaxed or get fired. Now it's "simplify the business" she is a nudnik. And Jane with her belittling statements, "get in the train or get off" "we don't need bystanders" all talk. What happened the Banamex sale? It's still... — read more 

Discussed transformation again and didn't give much info. These townhall are becoming redundant. Couldn't even answer much questions pertaining to the email that went out to the employees. They just want people to continue waiting until they start... — read more 

My Manager has joined from Company X and has most of his reportees with previous company as X. He also has Consultants/Vendors from X. Now he is more favorite towards these people and is more biased. How can I report this to HR ? Does it works ? .. — read more 

Citi has became a big joke! The issue at Citi is not employees, it is the people in senior leadership that are simply outdated and rotten. They need to be replaced by a new generation of competent leaders. Investors and board members need to demand... — read more 

Nearing retirement age. Is severance paid if one voluntarily retires in NAM region? What is more beneficial?

what are the functional roles? my understanding is anything that supports a business constitutes as functional roles. Share your thoughts

Thats $4 pre split lol this is essentially a penny stock yet people think layoffs arent happening. Delusion! the CEO is a disaster and train wreck, the head of diversity I mean finance is worthless. Its over for this place, usually the collapse... — read more 

All these announcements of reorg is just much ado about nothing. At the end there will be just a very minor reshuffle of the pack of cards

Citi is bloated with hiring of fake resumes and consultants. There is no standardized interview process in Citi. These consultants do basic work and are hired on favoritism. Its a good time to do background check and let go these fakes.

Citi cheats with H1b managers. How many of SVP’s and Directors are H1B’s ?

Agile has no terms for BA, QA and Infra

India and China teams get affected? We are low cost zones

Since consulting companies already have huge presence in the firm especially in technology, would these jobs going to be moved to them and employees transferred? It did happen before and happening at other companies

I imagine so since there is a lot of dead weight but I just want to know if anyone has heard anything definitive

Since NYC workers are paid the highest to perform the same roles as people paid much less in other locations, does it not make sense that they are probably at greater risk? If it's about saving money, wouldn't you cut out the biggest bills?... — read more 

Does this layoff affects Consultants and Vendors ? Usually we are the first one to go.

I am an outsider. Analyzing the financials of the company per my friend's request. Please pardon for any wrong estimations. Third quarter 2023 is on October 13th, fourth quarter is on Jan 12th 2024. The details of layoff will be out starting this... — read more 

Every one will be affected. But how much % of each will be ? How much office politics and redtape in company is going to play in retaining favorites during this layoff ? H1B - if they lose job, they have to return back to their country as 60 days... — read more