Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Lower talent H1B visa holders to blame for Citi’s woes?

Not all of them of course but people are starting to do a deep dive and instead of being a program to lure the best and the brightest (those usually stay home) it’s instead displacing higher talent but significantly more expensive US based talent.

Furthermore Citi relies on HIBs to a much greater degree than the other big banks.

Hmm….

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| 2482 views | | 32 replies (last January 4, 2025) | Reply
Post ID: @OP+1weqHGai

32 replies (most recent on top)

H1B’s are not the problem. Upskilling is not the problem. Multiple languages are not the problem. The problem is with poor leadership. For the past 5 years the leadership mentality is as follows:
_______
Buy this and that cheaper version, but make it act like enterprise.
Hire top of the skillset but not at the salary they want.
Follow these processes unless it takes too long then speed it up but follow the processes but make the deadline which is now shorter but don’t take short cuts but hurry up.
We aren’t sure which direction we will go so plan for and setup for and staff for all avenues ahead of time but don’t spend any money, time or effort on it but be prepared.
Train your people but don’t spend money or company time.
Retain your top talent but don’t give them any raises or bonus’s but make sure they are happy but don’t give them anything for it and demand more from them to keep their job.
Don’t forget your work life balance which means your family is ok with you working all the time.
__________

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Post ID: @111+1weqHGai

Oh all of sudden only H1Bs are your problem? What about citizens or other people who don’t upgrade their skills and stagnant on technology? So you don’t have any problem as long as they are not Indians. So the OP has problem with H1Bs that too if they are Indians. It’s very clear what’s the target subject here.

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Post ID: @10x+1weqHGai

All H1B tech positions should get a close look during renewals to make sure the role still qualifies and the resume is legit, not fake. Most would probably fail, and Citi could end up with a big drop in H1B employees.

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Post ID: @z4+1weqHGai

We need to stop managers hiring H1B workers or contractors from the same companies they came from, like TCS or CapGemini. It’s obvious when it’s happening. They should be let go.

Yes, some H1B workers are talented, but if they’re underperforming or lack key skills, they should be let go. Right now, it seems like U.S. citizens are being let go while H1Bs are kept around out of fear of visa issues. There needs to be a more straightforward, fair approach to this.

There should be a backup always instead of creating single point of failure.

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Post ID: @z2+1weqHGai

Let’s hope Musk is able to do something about ensuring only quality H1B candidates are able to make it into the country. We all know that much of the problems at Citi are caused by managers who climbed up the ladder using the same political playbook as these contractors, while remaining loyal to their old H1B agencies.

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Post ID: @y8+1weqHGai

Most of the people saying to ditch H1-B are themselves greencard holders or US naturalized citizens who came on H1-B and now want to pull that ladder up behind them. Including a lot of people on this forum.
They complain about “inservitude” , “indentured slavery”, etc.. and THEMSELVES have the SAME colonizing mindset of “works for me but not for thee”.
Disgusting. People should be ashamed of themselves. Especially these sort of immigrants.

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Post ID: @s7+1weqHGai

C or Java are not outdated. But are not specialized skills anymore for H1B workers to qualify. We have bunch of developers in market for these skills.

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Post ID: @rm+1weqHGai

For those who point C outdated

C is still one of top fastest ever programming language ...

but this is nothing related with visa
just wanted to mentioned

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Post ID: @rf+1weqHGai

I agree with most on this post.
Aren't there enough qualified Americans in America with the skillset to do these jobs?
It is quite costly to have the expat relocate- with six figures income -live in prime areas-many with families- wife does not work- child- most likely attend the best schools...and many have to return with families-to visa issued to renew . Really does not make sense-especially given reorganization not complete and horrible YE reviews and curved salary increases..
And to the point of the culture rudeness- there are some complaints heard about .
Citi is its worst enemy and with the VOE..it's a checked box..
We will see how things go about for 2025..

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Post ID: @qr+1weqHGai

Anybody that has worked with them knows most are not skilled, but learn their skills on the go. They are hired as senior engineers through their contract agencies when they are entry level. For those of us that have worked before H1B, we knew teams that 4-5 people finalized a project with good code. He-l we even knew some crazy places that 1 person coded everything and turned out better than these 30-35 people H1B teams that write lousy code. However at this point I'm convinced this is by design. Make everything so convoluted and that no one else can take over and you are left in charge of these things forever.

There are people that have become skilled over the years (10-15 year span), but that would have been the same for any local entry level candidate.

I went to college with these guys at a local university, Most cheated on projects and assignments like 30 people working on a single one and getting code from previous years when it was supposed to be a 2-3 people project max. They did that on a US univeristy, now imagine back home.

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Post ID: @qg+1weqHGai

People hired for outdated technologies in H1B. People are still coding in old Java and COBOL Are they still specially skilled ? all these skills can be replaced with single copilot and some offshore resources.
We need good business skills and technologist. Not vendor politics.

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Post ID: @mk+1weqHGai

"Most also have an arrogant manner especially to women. I get pretty rough with them on calls and email to set them straight....."

A just promoted MD has had complaints raised against him for how he speaks to women.
Clearly it had no negative impact on his career progression.

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Post ID: @kr+1weqHGai

The imported talent....if u can call it that is substandard. Poor English language skills....dishonesty and just don't bring anything of value to the table. As a project manager C14 level I can say it impacts our ability to produce a quality product in a timely manner. Most also have an arrogant manner especially to women. I get pretty rough with them on calls and email to set them straight.....

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Post ID: @k8+1weqHGai

In the US, H1B want more money. As soon as they are paid the same as a US citizen, it no longer becomes cost effective to have them. Why wrestle with all the H1B paperwork just to get the same level of expertise as a US citizen for the same pay?

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Post ID: @1zou+1weqHGai

@1wbz+1weqHGai- Job Market forced me to be a contractor:-). I have not seen this type of job market in my 20 years career.
Yes, u don’t get benefits as a W2 so you have include all these costs in your pay rate and negotiate or you can switch to spouse insurance.

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Post ID: @1wyx+1weqHGai

Not sharing comes rooted from their country culture as they keep minor things as secrets and playing politics. I don't want to comment on that.
I respect H1B workers and need for H1B.
what we need is a strict regulations on H1B and H1B workers have to produce their education and work history properly. Right now, I see lots of fake resumes floating around. I doubt these people are properly trained or educated in the specialty education they are supposed to work.
All H1B education has to be revisited / validated again with original college transcripts.
All Certifications in their resumes to be revalidated with credential reports
All Past Work Experience has to be proven with proper W2's or Tax forms.
I doubt many will fail and will return to their country if strict regulations are done.

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Post ID: @1jsf+1weqHGai

The H1B folks I work for are secret keepers. They believe that the less they share the more valuable it makes them as you’d dare not run them off out of fear of losing the tribal knowledge.

So you have Frank who knows ‘x’ tech really well but does not share with anyone as to how they do ‘x’. Ok, so Frank then is in high demand is constantly being sought out. Frank then complains that he gets no rest and he’s the only one working. So you tell Frank to share what he knows with others so that the workload can be shared. Frank then uses excuses as to why that can’t be done.

In light of all of this, just how valuable is Frank really? He’s designed a single point of failure which is himself.

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Post ID: @1gqd+1weqHGai

Post ID: @1wbz+1weqHGai True. Current employees will be Trojan Horses who can sabotage, damage, create problems for, hinder or delay work and projects, including other employees' work.

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Post ID: @1ynj+1weqHGai

H1B visa holders usually work hard, do long hours and take the job seriously.
I see negatives happening on company culture.

For example, people from the most dominant country in Citi tech often bring negative cultural traits.
Like burying bad news, dishonesty, very aggressive interactions with others.
I've been on many calls where they're shouting at each other, and trying to put people under the bus.
Ask two different people for the current status of a project and you could get two very different answers.

The diversity and unconscious bias training we do is aimed at white Americans.
There is a strong argument that other groups need to examine their own shortcomings too and be coached on how to avoid it.

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Post ID: @1pmy+1weqHGai

Post ID: @1wya+1weqHGai You have more "freedom" as a contractor, but No medical insurance or pension plan. You're responsible for the last 2, which means higher costs, responsibilities and burdens for you.
YOU did Not choose to become a Temp/Contractor worker. Citi forced you to become a Temp/Contractor worker probably because you still have Not found a Full-time permanent job.

Both former and current employees will have Schadefreude WHEN Not If Citi goes OOB Out of Business, gets sold in whole or pieces.

In fact I see even current employees including myself laugh and rejoice whenever Citi gets another regulatory monetary fine, MRA, MRIA, or Consent Order.

FVCK Employees Over with Low or Zero Salary, Bonus increases, or No promotions, And Citi's own current employees will be it's worst enemy.

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Post ID: @1wbz+1weqHGai

Folks, it doesn’t matter what the visa status is, it is all about culture, well mannered and respect. It is Citigroup culture issues.
Why you guys are after H1Bs? There are other folks came on L1s from Singapore and other Regions and quite a few folks especially women were hired part of DEI and most of them are US Citizens, some of them don’t have basic behavioral skills and they continuously work for their bosses to impress them and they don’t question “why” so quality and talent is important.
I am a US Citizen, joined Citi during pandemic. I couldn’t fit in Citi culture. My job was impacted due to restructuring but the truth is I questioned my bosses about lot of inefficient and ridiculous procedures so obviously I am in the hit list:-)
I am working as a contractor now which means more freedom….

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Post ID: @1wya+1weqHGai

There has to be a deep seated motivation for mangers to continue hiring h1b contractors. That motivation is the illicit payments they get from these contractors companies. A dollar amount per hour logged by the contractor. Everyone knows it but don’t do anything to call it out. So the practice goes unchecked and Citi systems continue to suffer. Never mind though because the minion employees are available to take the blame and fix issues, while the MDs and Ds ( acting like Gods) continue being highly paid by Citi and these contractor companies.

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Post ID: @1kfb+1weqHGai

Yep. 100%.
It suggests the company is prioritizing cost savings over quality. This approach often leads to oversights and compliance issues, which result in costly regulatory fines. Ultimately, the money saved on low-cost contractors ends up being spent on paying these penalties.

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Post ID: @1nny+1weqHGai

How does Citi justify hiring H1B contractors when there are so many skilled citizens available for the same positions? Can’t be done unless Citi is prioritizing low cost over quality. This shows up in terms of breaks , oversights that lead to regulatory fines. Bottom line, the money saved by using low cost contractors is spent on regulatory fines.

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Post ID: @1dbp+1weqHGai

I am good with H1B employees of Citi. But I feel pity as well as don't like work culture of H1B from vendor consultants.

  1. They behave like slaves to vendors and breaking US work-life balance culture.
  2. I want to have good work-life balance as US citizen. but my manager is indirectly forcing me to follow H1B workers.
  3. These H1B are bachelors and work day/night/during weekends and holidays. But I have family and need family time. You can't penalize a US citizen for spending time for vacation or family time.
  4. The vendor consultants are also paid in pennies and are occupying more space and are hired fast without proper background checks.

We need strong checks for vendor consultants hiring in US specially in H1B

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Post ID: @1mnc+1weqHGai

What I don’t get is that the H1B workers take off holidays in accordance with their country they came from, ok, no issues there, makes sense to me. Then they also take off for US holidays. So when an FTE in my group puts in for days off, there’s the discussion about who will be there managing the ship because some of the contingent H1B have taken off also.
So they get their holidays off and US centric holidays off too?
In the long run it doesn’t matter I guess as I’m leaving either way.

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Post ID: @1zvl+1weqHGai

Any Citi employee’s best strategy now is to upskill and keep interviewing until you get a great role. Otherwise do the bare minimum and wait to be laid off. Think of the severance package as additional bonus.

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Post ID: @hzo+1weqHGai

Without h1b candidates, who will work at 2 am on Christmas Eve ? They do all the dirty works while the FTE citizens enjoy their life
( I am not on h1b)

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Post ID: @qoo+1weqHGai

There exist congressionally mandated caps limiting the number of H-1B visas that can be issued each fiscal year, which is 65,000 visas, and an additional 20,000 set aside for those graduating with master’s degrees or higher from a U.S. college or university.

There is much more orders than slots, at least 1500USD per req.
Taking this path might take few years if you dont have luck. Chances are lower than 30% company that fill an order will get this. Those limits are for whole USA and all companies.

And top talkers are Infosys, Tata, Cognizant
Most of it goes to India

USCIS reports a lot about this. You can find most info https://h1bgrader.com/

How do I know? Rejected twice by Citi upper mgmt to sponsor even when SVP/D were very enthusiastic and was told I am best candidate

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Post ID: @xdc+1weqHGai

I worked with some very talented H1B workers. However, it's the ones who are on contract through a vendor that are usually dragging everyone else down. They can barely write a sentence in an email, forget about a line of code, and there are thousands like this. The comments on here are proof enough. This is going to be wildly unpopular but I don't care anymore. Citi has allowed for an environment where MDs and Directors can hire their cronies and friends, and I can't tell you how many times I've come across tech teams with 30+ people and only 2 people are doing the actual coding or know what's going on. The rest just cause confusion and create unnecessary work. It's a huge problem.

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Post ID: @vvj+1weqHGai

Why not just give Citi or Jane, exactly what they want. Start interviewing now and it’ll take a while I’m sure, but leave when you get an offer. Do just enough to keep from getting fired in the meantime. We all know its the drive, its been shared across the board from manager to employee. No bonus’s, do more with less, crank up the heat let attrition take its toll. Why fight it? Why stick around with fingers crossed hoping you are passed by on the next layoff round? Search, apply, interview and leave for more money. How is this a bad thing?

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Post ID: @hjs+1weqHGai

Of course - Citi has a huge amount of "on visa" employees. Not sure why, when we all know US/UK/EU are flush with highly talented people. But the strategy is clear - flood the job market with as many candidates as possible to keep labour costs low in the long term.

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Post ID: @mzs+1weqHGai

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