Probably multiple locations and sectors including technology may be impacted not just HCOL
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@3jh Yes Agree
This happens all the time in the Risk Department. I'm Not saying it's the only Citi department where this happens.
But after the Laidoff employees were officially out of the company, I noticed the hiring managers have open job reqs for the same exact roles/jobs in Workday.
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@1gr reachout to recruiters and start as a contract consultant and negotiate a very high hourly…a friend did that and made so much that he was reluctant to go perm at the bank where he consulted but he did for the benefits…it’s a headache to procure/maintain your own insurance…but it’s worth it in the short term so you can leave this toxic company
As we all know, many Firings are disguised as "Layoffs" especially during Economic Recessions or when a company is undergoing financial strain. $hitibank is NO exception.
We've all witnessed this scenario in $hitibank:
It's NOT a "Layoff" when the Hiring Manager has an Open Job Requisition for the same exact job (job description, title, etc., even a title slightly above the Laidoff-Svcker), AFTER the "Laidoff" Svcker left the company.
For example, the Hiring Manager "Laidoff" a VP. AFTER the VP is officially out of the company and NO longer in the Global Directory, the Hiring Manager has an Open Job Requisition in Workday for the same exact job description, title, or in some cases SVP instead of VP. The same scenario happens w/AVP, new Job Req is for a VP.
And so, $hitibank obviously did NOT like the "Laidoff" employee or did NOT want to promote the "Laidoff" employee to SVP, and instead FIRED him/her under the pretense of a "Layoff".
Truly a $hitibank. I have NOT and will NEVER recommend $hitibank to relatives/family, friends, neighbors, former co-workers, etc.. I tell them to NOT bank @ $hitibank. There are soooooo many other banks to choose from with better products, services and actually competent employees.
$hitibank actually hosted Justin Wright a few months ago, to speak to $hitibank employees about their (De@d-End Bread Crumbs Salaries and Bonuses) Careers in $hitibank. It's too bad $hitibank does NOT follow its own guests' recommendations.
12 brutal truths every employer needs to read:
When your best people leave, it's not them. It's you.
You don't have a remote work issue. You have trust issues.
Management that can't handle feedback won't survive change.
If your actions don't align with your values, your employees won't trust you.
Your diversity program is hollow if your leadership team all looks the same.
Underpaying your people doesn't make you cost-effective. It makes you short-sighted.
A toxic culture will tarnish your brand, no matter how good your products are.
The customer experience will never exceed the employee experience.
Micromanagement isn't a sign of dedication, it's a warning sign.
Top talent won't stay if their growth isn't your priority.
Leading by fear creates teams that underperform.
If you don't pay people what they're worth, someone else will.
When you always put your people first,
they'll give you their best
and everyone wins.
Justin Wright is the co-founder, Chief Executive Officer and lead trainer for Habitus Incorporated. He is an experienced negotiation trainer, mediator/facilitator and conflict management consultant. His expertise is in collaborative negotiation theory, behavior change, multi-party facilitation, mediation and career coaching. In addition to his work with Habitus, he has served on the training teams at Harvard Law School’s Program on Negotiation, and the mediation practicum at Tuft’s Fletcher School of Law and Diplomacy. Justin is a former adjunct professor of negotiation at Yale and Northeastern’s Business School. He has mediated over 150 cases since training in 2011, including business, interpersonal, contract, housing and divorce cases.
Justin designs and leads innovative and highly dynamic trainings for corporate, educational and non-profit institutions in the US and abroad. More specifically, he has trained individuals at companies such as Eastman Chemical, Blue Cross/Blue Shield, Akamai, Anika Therapeutics Inc., Commonwealth Financial, Neighborworks, Fundacion Bavaria, FINCA, Fundacion SIGNUM - Colegio de Notarios, TransLegal Shanghai, IBM Europe, IFC Cantabria, Better Future Project and Philadelphia Yearly Meeting.
Justin is the co-author of the forth-coming book End the Job Hunt, which focuses on the use of collaborative negotiation skills to realize a meaningful career. The book is based both on research and personal experience.
Justin holds a Bachelor of Arts from Yale College in Economics, Politics and Ethics. Because of his focus on ethics and resource economics while at Yale, Justin is particularly interested in promoting healthy and sustainable local living economies and the responsible use of natural resources. Most recently, he has been working to facilitate conversations within various communities about how to respond to climate change. He speaks fluent Spanish.
JOBS YOU NEED TO QUIT ON DAY #1 RED FLAGS:
https://www.yahoo.com/lifestyle/articles/people-quit-jobs-very-first-113102878.html
67 filing in Oct month.
Warn filing in nj says over 100 in jersey city office, but that's mostly compliance. Any info on this?
A few In-Country layoffs have started. Roles in COO, OT-OPS, TECH being moved into service centres or closed.
At this point, I’d welcome getting a notice period and severance. (Tech in JC,NJ) This work environment is really bad and I feel like I’ve been hired back in March to be a patsy for people who don’t know what the heck they’re doing.
Just stay resilient - not sure what else we can do. I know what you mean - the workforce globalization mantra ruined our careers - immigrants are tribalizing all industries and hiring their co-nationals to protect their jobs. It is crazy. Just push - I am in the same boat, in my case French-speaking people are hoarding all well-paid jobs in my field...
I am terribly broken, not understanding what to do.. having years of experience but sadly not able to crack anything.. internal, external, it's not that the interviews are going bad.. couple of them went pretty well,but then that famous silence..and in team my manager is trying his a*$ off to ruin my year-end,he already ruined the mid year..now year end..first he put a guy having same native as him above me, I am seriously clueless what to do
Is it true that contractors will be release after year end ? Who will take their role ?
In some divisions 30% budget cut for 2026. Contractors expected to be cut in huge numbers in Dec. then some employees
Audit was impacted last week.
Yep. Every day this week I’m finding out about someone else being let go. And it’s regardless of performance. I’m just sitting around waiting for my turn to be liberated.
Risk in London, several people cut last week, apparently more to come in the next few weeks according to what I have seen...
Any updates?
This is sad news
Groundhog Day called — it wants its script back
International Private Banking.
@an International Personal Bank
@ak IPB?
IPB was impacted today.
Finally, have been waiting for it