Didn’t have a good mid-year review? Even if you performed average or above, you might have received a bad rating. Well, look no further than the end-of-year review. Citi is being tricky—they might put you on a Performance Improvement Plan (PIP). No matter how much effort you put in, you could (and will) ultimately fail, allowing them to legally terminate your contract. If you’re terminated for failing a PIP, it’s based on your inability to meet the required job performance standards, not because your role is redundant. This approach saves them from having to pay large redundancy packages, and it’s been happening since the start of the year, so I expect them to do the same at the end of this one. Don't accept bullsh-t at mid year and DO NOT sign off on ratings you do not agree with. Appeal, Appeal, Appeal.
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Only a Destitute BROKE AS$ POOR company pulls these machinations, shenanigans And Excuses to justify and rationalize low salaries, low or zero bonuses, reduced medical/pension benefits etc.:
Low Ratings 4s for employees who should be at least Rating 3.
Everyone gets Rating 3 regardless if the employees are outstanding, worked above & beyond their job description and increased workload.
Putting employees on PIPS and/or Rating 4s who would normally NOT be categorized as Low Performers back in the year 2021 and prior years, to encourage voluntary Quitting so Citi does Not need to pay Severance.
No Holiday parties at restaurants, only BROKE AS$ POOR Laughable Pot Luck events (Employees spend their own Money feeding other employees) or appetizers-events or cheap pizza.
Ad Infinitum..........
After years or decades or Denials, the high end luxury store Saks 5th Avenue Stores is finally going Bankrupt. Google this.
Just look @ BONY Mellon, Capital One Bank, HSBC etc.. They're did are and are still doing the same shenanigans. Citi is slowly but surely becoming these 3rd Tier banks.
When employees from those 3rd Tier banks post on this and other Sites they're soooo happy they now work @Citi and act like they reached Nirvana, you know Citi is in the same Tier and League as those 3rd Tier banks! LMFAO!
@1xji and the OP.
If Citi is forcing PIPs and Rating 4s on people just to manage employees out (encourage employees to Quit voluntarily so that Citi does Not need to pay Severance) as the parlance goes in HR-speak, make sure you do the opposite.
It's a game of Chicken.....who will flinch first. Do NOT Quit voluntarily and dare Citi to Fire you cause doing so will hit and drive up Citi's Unemployment Insurance premiums in the U.S. State in which the firing is done.
If Citi fires you first, Citi will be forced to pay Severance although Not as much as you would get in a RIF-Layoff. Citi will also legally be forced to pay you for unused Vacation-PTO Days. Then make sure you file Dept of Labor Unemployment Insurance claims benefits.
Additionally at least for the future if you haven't already done so, when Citi requires employees to Rate themselves during the Sept/Oct Performance Reviews, make sure you give yourself glowing reviews and always Rate yourself an A++ as in Rating 1s across the board for each category.
This BullSh!t exercise is used to determine if the employees have an inkling or idea of how they think their managers will rate them. For example, if your manager has been giving you hints that they think you're a Rating 4, give yourself Rating 1s nevertheless. If you give yourself Rating 3 or 4 this shows Citi and the manager that you're aware that your manager thinks you're not a good worker or underperforming. Citi wants to make sure there's No disconnect between you and your manager so that Citi can justify and rationalize the Low Rating, No Bonus, No salary increase, PIP and/or Firing/Layoff.
Do NOT give them the satisfaction. FVCK H3LL. Rate yourself 1s in every category.
It's not Gladys Knight herself the OP is complaining about. He/she is complaining about the PIPs in her band.
I’m not on a PIP nor have I ever been. If put on one, Citi can take it a shove it up their @ss.
They’ll get exactly what they want, I’ll leave. I’m a heavy hitter who has contacts and has no issue finding AND getting another job. If they want to run off the expertise, no issue.
“If you don’t like, then leave.”, challenge accepted m@ther f@vker, bye.
Citi thrives on employee desperation. Its as if they can’t live without it.
Recently several of my colleagues who appear to be performing average or above are being placed on pip. It appears an attempt to try to avoid paying them service due to ongoing layoffs.
Why are we doing business with China? Their government is oppressive and has an awful human rights record? C'mon we're all worried about offending all the special interest groups here in there free world while China continues mu---ring and imprisoning dissidents. Even the so-called human rights advocates such as Lebron James refuse to say anything against the country that manufactures his shoes using slave labor at 1/20th odd the price they sell for.
I’m sure they do like Shanghai putting in longer hours as they are paying peanuts for you to do so. For the US side, at other jobs, I too put in way too many hours and was very glad to do so, that’s because they paid me mucho $$. For here, Citi just wants the hours but not have to pay for it. So, over here, we are apt to leave for more $, which is easy to do.
Why would someone work here at a certain amount for 60 hours per week, when we can go elsewhere and get the same pay or more for 40 hours per week?
Doesn't even have to be skills, If you are not willing to work 10+ hours like Shanghai counter part, you are under performing. I just heard one of the teams talk about making American hours 9am - 7pm since Shanghai likes to login early (2 hours before their start), it caught interest of the leaders of that team and wants to push longer hours for the american team. (they are already doing it unofficially with late meeting to sync up with Shanghai team)
Don't be shi-t then.
What's wrong with Gladys Knight?
Just remember it’s not a reflection on you. It’s purely tactical approach taken by leadership to cover up for poorly thought decisions to save severance costs and hire for solving regulatory issues. Your self worth, potential and talent does not reduce with these poor approaches.
No I think it’s strategic and intentional.
Citi goes lower than any other employer. It is their nyc litigious way. They use their credit card dirty collection type tactics.
This happened to me. Believe it. It’s real. Citi routinely plays dirty.
Yes- this IS real. Take this advice very seriously.
Wow its hard to believe they would go so low. Would Citi leadership really encourage an unethical practice as this? Is it possible that this is a managerial issue rather than instructions from leadership?