Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

PBWM

With PBWM being cut, are there positions within that are still safe? We are encouraged to apply internally right now, and a lot of the open positions I see are located with PBWM. Some collections positions and ERU. Wondering why we are being... — read more 

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| 1360 views | | 4 replies (last September 21, 2023)
Post ID: @OP+1oDMjRWD

Risk & Controls

Hearing that they will be impacted the most and not just at management level from what I’ve heard (take it lightly of course since it’s through the grapevine). Hearing that entire controls and risk departments will be completely dismantled, moved or... — read more 

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| 2370 views | | 7 replies (last September 23, 2023)
Post ID: @OP+1oD4p9FY

There is always more than one round

If you survive the first round, do not assume you are safe there will of course be 2 maybe even 3/4 rounds at the mid levels and below. That means avp, vp etc... Stay safe!

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| 1700 views | | 15 replies (last September 21, 2023)
Post ID: @OP+1oCI33jL

Timing

Non-employee question- Did they wait until the VOE was over before they made these huge announcements?

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| 1050 views | | 4 replies (last September 17, 2023)
Post ID: @OP+1oCAjSNn

Mismanagement in its highest form

US Air Force general Mike Minihan predicts WAR with China over Taiwan in 2025. https://www.nbcnews.com/politics/national-security/us-air-force-general-predicts-war-china-2025-memo-rcna67967 US Air Force general predicts WAR with China over Taiwan... — read more 

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| 780 views | | 3 replies (last September 15, 2023)
Post ID: @OP+1oBdoVYq

CNBC reporting reorg and layoffs pending

https://www.cnbc.com/2023/09/13/citigroup-ceo-jane-fraser-reorganizes-businesses-as-bank-is-mired-in-stock-slump.html No backfills for years now. Now cuts coming. Probably right before bonus time to prevent payout. This company is awful

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| 2010 views | | 13 replies (last September 17, 2023)
Post ID: @OP+1oA6rsdt

It's VOE time!!

It is time to tell whomever reads these annual surveys exactly what I think.

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| 1670 views | | 21 replies (last September 14, 2023)
Post ID: @OP+1otJPxvB

How is Tampa and AML?

Heard good things now that the campus got renovated. Want to get back to aml and the fiu and possibly other areas, and info??

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| 1060 views | | 4 replies (last September 17, 2023)
Post ID: @OP+1omv58Ey

Hiring Freeze Over?

HR is telling me "soon" for a decision on a position. Does this mean the freeze is over for the quarter?

More Layoffs are Coming, Very Soon

If you have any leads on other jobs, I recommend you start applying now. The worst time to look for another job is when you need one. Look now while you still have leverage. Worst case scenario, you get an offer you turn down. No harm in looking and... — read more 

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| 1580 views | | 6 replies (last September 14, 2023)
Post ID: @OP+1oeWsP1S

Leaving Citi

If you leave within a year, does Citi typically recoup sign on bonus?

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| 414 views | | no replies yet
Post ID: @OP+1oaXjQ3j

Layoffs

When do you think your manager decided to lay ppl off? was it months before when the company was looking at reducing headcount or do you think it was a last-minute decision? Just curious if by the time you got your year-end your manager already... — read more 

Headcount reduction rumors

I hear a lot of whispers about possible headcount reductions. People speculate out of fear and concern. How far are we from layoffs? Does anyone have any insight?

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| 1140 views | | 3 replies (last September 5, 2023)
Post ID: @OP+1o2B3CDI

Extra approval

I had a conversation with recruiting that the position I interviewed for needs “extra approval”. They don’t know when they’ll get it so it might be a while to get an offer out. Is this a thing at Citi?

Citi's Buerocratic Act is Responsible for it's failure

Citi's Top management has big issue understanding root cause of the failure. They are not open for any discussions where the issue is. they only want to discuss where they can prove some fake numbers and get bonus. Mark Mason is saying laying off... — read more 

Layoffs happened

Had a team meeting today where our bosses boss read out a letter from HR spouting the usual nonsense but culminating in more layoffs. My team (AML) had 3 impacted, not sure about the other teams :(

Spotlight on ethics: Se-ual harassment

Any of you read that? I can't believe some employees who have done some of this stuff, costing them their jobs. Get a hint. Which is why you don't cr-p where you eat, or even attempt to.

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| 865 views | | no replies yet
Post ID: @OP+1nxd4CEh

Severance

What kind of severance packages do they give Director level roles?

Ironically, the least anxious are the mediocrity

While those who are capable tried to work hard, mediocrity strove to be boss's favourites. And so who is in greater uncertainty about eventually losing their job?? Unfortunately, those who were more dedicated to their work. This is a place with... — read more 

3 days a week in the office

I missed this in house statement. https://www.reuters.com/business/finance/citi-will-hold-employees-accountable-office-attendance-statement-2023-06-22/

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