If you have a new offer for Citi, please don't join. Try to stick where you are. This is not a place you think that you will have good salary or hopes. The company doesn't have any strategy with both Business and Technology. They hire some fools and... — read more
I am a new hire and I am scared
I recently joined CITI with all new hopes. But I am scared now. The culture is weird and I will be missing a good severance from my old company.
No impact on EO&T ?
EO&T still appears hiring in all regions especially Production Support Technology functions with VP/SVP roles. Are the technology groups, global functions groups in strategic locations not impacted ?
What is required for Citi
Jane is useless and her strategy is worthless. She should resign. Useless Hiring & Onboarding Strategy - She hired lot of people in past 2 years - Infact these people are not yet onboarded completely because of redtape in organization. These... — read more
Citigroup CEO Jane Fraser: We will give the layoff number in Q4 earnings
https://youtu.be/1-fTGY-G9MM?si=kc_7rkSQkSJwhcM4
Risk/Compliance layoffs
do we think it's smart for citibank to be laying people off in risk/compliance? https://www.pymnts.com/news/banking/2023/citigroup-layoffs-focus-on-support-technology-staff/
Citi is hoping to drive attrition
All this speculation and guessing about layoffs is guaranteed to get some people to decide they want out of this mess and quit. And every single person who leaves on their own means more money saved for Citi. They are doing this on purpose... — read more
There will be no big wave but bits and pieces
Apparently it appears there will be no massive wave but cuts will be in bits and pieces and mostly under radar This will help firm avoid the bad publicity as well as severances
USPB
So why does USPB feel that they are safe including IA USPB? No one is safe at citi at this point
Just Laid Off Today
I was laid off today. For those of you who have questions Im available to answer them.
Coworkers seem to be unconcerned about layoffs
I have had some say yhey don't think they'll be affected. Some have even believed it was over and done with. Some are only concerned about keeping their hybrid schedule. I think when you've been at a company for such a long time, you believe it... — read more
Do you get any kind of severance if you've been here for six months?
I left another job to join Citi and now I'm starting to think I made a huge mistake. Will I get anything if I'm laid off?
Citigroup (C) Warns of Potential Layoffs in Its UK Business
Citigroup Inc. C alerted employees in the U.K. of probable redundancies as part of the bank’s previously announced reorganization efforts. The news was first reported by Reuters that cited a... — read more
Anyone get benefit info for 2024 in the mail?
Interesting to get this with layoffs looming. Not sure it means anything one way or another ?
Layoff dates confirmed for US based stafff
Leadership has confirmed mass layoff notifications will begin on the week of October 23rd. Best of luck everyone.
So, now what?
We can begin to dust off, update our resumes or breathe, meditate, generate positive vibes and let it be. Many rumors being created for lack of specific information. We all have our own personal situations which will determine how we all deal with... — read more
citi layoffs in progress
I was released on 9/20/2023. I have no idea on the scope of layoffs but was notified the documents detailing the process will be sent within a few weeks..seems HR is busy
New hires are bad for a reason
I can't be the only one who's noticed the drop in quality of new hires. And I can't be the only one who's not surprised. We're trying to skimp on salaries when hiring and still hoping to attract top-notch candidates. That's not how things work... — read more
https://www.reuters.com/business/finance/citi-warns-uk-staff-cuts-hundreds-roles-could-be-affected-memo-2023-09-22/
https://www.reuters.com/business/finance/citi-warns-uk-staff-cuts-hundreds-roles-could-be-affected-memo-2023-09-22/
UK in focus
https://www.reuters.com/business/finance/citi-warns-uk-staff-cuts-hundreds-roles-could-be-affected-memo-2023-09-22/
Personal and contact information attestation
They always send these emails before layoffs to make sure they have all of your information correct. 🙄
Layoff Volunteers
Anyone know if they are taking volunteers that would leave in exchange for a severance package?
Severance package
Is severance package based on org or location and YOE at the firm? What is the package in CTO / CAA / GPA groups in Tampa and Irving? Unless these groups are exempted from upcoming layoffs as they are mainly technology
Audit Town hall
so they want everyone in audit to tune in for the townhall meeting to discuss the org changes and the way forward. But so far all these townhall meetings they have been saying the samething. Wondering if there will be cuts in IA given that they... — read more
Town Hall - What a joke!
They have obviously have secured their jobs! The rest of us are on pins and needles. No targets? Can you share strategy?
Layoffs should occur before end of October
Most impacts will be felt before the end of Octoboer since the firm has to give 60 day notice per most states (WARN). It is my understanding that no area is safe even those "under consent orders" as the firm can just tell the fed they are... — read more
Is this true?? 30 market professionals cut in London office today
https://www.efinancialcareers.com/news/2023/09/citi-cuts-in-london
CTO/GFT in Tampa/Irving?
Is CTO/GFT in Tampa and/or impacted? Any impact on Production Support teams in Irving?
Delaware losing employees?
Nothing posted on WarnTracker, but I heard DCS is being moved to Texas
What departments have had layoffs since Jane's announcement a few days ago?
If you or someone on your team has been laid off, what dept are you in??
Collections Impact
Will this be impacting collections roles like early stage/late stage in THD BBY CRS? Departments like CFT, EU and ERU?
How is commercial changing?
In Texas. Worried for my team and senior management is radio silent. They hired a lot in other places to bring us to “full staff.” Was it a lie to cut our team?
Forced DEI bs doomed this place
Go woke get broke
Tech Merge
So how exactly would this play out? I understand that all IT is merging across the board, but how would they even manage all of that now? If you're cutting out people and giving upper management more direct reports, won't larger teams be less... — read more