Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Have the layoffs made you paranoid?

I freak out over everything.

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| 2304 views | | 18 replies (last December 27, 2023) | Reply
Post ID: @OP+1q2q9y4M

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What does that mean a new mandate for Managers of People to be extra vigilant?

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Post ID: @figa+1q2q9y4M

FYI. There's a new mandate for Managers of People to be extra vigilant and be on the lookout for mutiny and planned defections. In other words, have a heightened sense of which Employees are planning on voluntarily quitting. This is like the movie, Invasion of the Body Snatchers. All Employees, regardless of whether they're People Managers or not, need to pretend to be drinking the Citi Koolaid, liking it and being addicted to it.

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Post ID: @7exc+1q2q9y4M

Thank you Post ID: @2gib+1q2q9y4M . What you said was exactly what I was thinking about Post ID: @2oyd+1q2q9y4M : Regarding researching the titles ! Job applicants DO read the job descriptions and the titles. Citi HR embellishes the job descriptions to make it seem like the job is more than it is or is at the same level as in Real, Profitable Companies like JPMorgan Chase, BofA, Goldman, etc.. As others have posted, they too noticed that a Citi VP is a half-witted bozo who needs hand-holding like an intern and more like an AVP or worse yet an Analyst in JPMC, Goldman, BofA etc.. Same with Citi SVP is a VP at Citi's Profitable Competitors. Citi is so sad, pitiful and pathetic. With reference to Post ID: @2oyd+1q2q9y4M 's comments about promotions due to tenure or in-seat promotions, JPMC, Goldman, BofA, Morgan Stanley etc. Promote In-Seat Unlike Citi. Unlike Citi, they're Profitable and Successful and so, they must be doing something Right or several things Right. Since Citi idolizes and worships its G0ds JPMorgan Chase, BofA, Goldman etc.. promoting In-Seat or due to tenure may be one of the infinite attributes of its Successful Competitors that Citi should emulate! AND FYI, the VOE that Citi spends Shareholders' Money on every year is meant as a roadmap to tell Citi what, how and where to CHANGE for the World, its Clients, Current Employees-Svckers, and Prospective Employees, NOT the other way around! Citi wants its Employees to change for Citi, when the OPPOSITE should and must happen. Citi is using or believes the VOE is a tool to get its Employees and Clients to Change for and Bend to the Will of Citi. NOT !!! Wrong Premise from the Non-Sequitur Joke "bank" that has Citi Genius Employees (the half-witted B0zos other posters referred to) who mistakenly wired out US$900 Million Free Money to Revlon's creditors!

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Post ID: @3huv+1q2q9y4M

My original premise was correct. People are ridiculous.

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Post ID: @3nwt+1q2q9y4M

This is why I stopped telling my Manager during our 1:1 meetings suggestions, recommendations and criticisms about Citi, how and what Citi can do to change and improve. He'll just rationalize and defend Citi as he always does because he's been in the Citi matrix Sh!tH0LE for 15 to 20 years. After April Citi Fool's Day, April 1, 2024 I'm quitting anyway. You know what they say in relationships, when one side Stops criticizing, giving suggestions or recommendations, that means they're ready to leave the other side-party.

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Post ID: @3byu+1q2q9y4M

Post ID: @2oyd+1q2q9y4M : Regarding researching the titles - how am I supposed to know that a VP at Citi as a half-witted bozo who needs hand-holding like an intern in a proper investment bank? Plus, HR and the hiring manager have seen my title, company and years spent at that level - knowing their internal structure they should have either passed over me or submitted me for an SVP role. Simple really. But they needed me really badly... At least my pay as a VP at Citi is similar to an SVP, I checked with colleagues :P

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Post ID: @2gib+1q2q9y4M

Post ID: @2oyd+1q2q9y4M : Whatever. I have seen enough to know that people are promoted after they spend some time in a role. Of course, if you lick your boss's behind you will get a quicker promotion... Promotions up to and including director are based on HR's input - so they will also push for a promotion if you have not been promoted after certain years of service...

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Post ID: @2pom+1q2q9y4M

You don’t get promoted “eventually” just due to tenure. And exerting no effort will not make you promotable. You might fly under the radar and keep your current role, but no one is promoting you. Maybe research a company and the titles before accepting a job next time.

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Post ID: @2oyd+1q2q9y4M

Not paranoid at all. It's made me do less work as I sit in wait-and-see mode (a holding pattern, basically) for at least one more month, like so many people. It's obvious that not many people are doing anything.

And I don't feel guilty at all because, without going into details, Citi screwed me over with respect to compensation when I joined a year ago, and it was a very difficult decision to accept this job. I regret the decision now.

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Post ID: @2kfy+1q2q9y4M

Post ID: @2eyp+1q2q9y4M . No he said he's doing less work, or doing quiet quitting, until they promote him. But in the meantime, he's actively looking for a new job outside of Citi because he realized a VP in Citi is actually an AVP or even Analyst in real companies like JPMorgan Chase, Goldman, BofA etc.. He thought that his VP position at his previous employer pre-Citi is the same at Citi. Similarly, a Citi SVP is only a VP in real and profitable companies like JPMC, BofA, Goldman, etc. in terms of and within the context of meaningful work projects, duties, assignments, stature, etc..

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Post ID: @2ndz+1q2q9y4M

2eyp+1q2q9y4M: of course, all promotions up to and including directors are given based on tenure. They will promote me at some point even with min work done, if I am still around. In the meantime I have time for my family and a side hustle which makes me more than 30pct of my Citi total comp per year for the moment. I have also time to continue investing in rent properties, so yes - I just collect the paycheck, not bad.

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Post ID: @2yme+1q2q9y4M

Ok. You got hired as VP when you think you should be SVP so you’re going to do no work until they promote you. Ummm k. Great strategy.

People are ridiculous.

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Post ID: @2eyp+1q2q9y4M

@1ycn, why would you want the company where you're still collecting a paycheck to give up and fail? If you feel that way, just leave.

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Post ID: @2dtm+1q2q9y4M

I'm just going to continue to skill up. As of this fall, I've began to do the bare minimum amount of work. I can't keep worrying about if I'm going to get the axe all the time. It's not healthy or in my control. The company doesn't care about you no matter how many 'take care of yourself' blah blah blah emails they send out to the masses.

I look back to the time I was hired a few years ago and it's nothing like they sold to me back then. I used to care what I got on my annual or whatever review and now I don't give two craps. It's all fake.

I've mastered the looking like I'm paying attention or having zero reaction to stuff in meetings (because I could care less). Which is what I'll do when my boss meets with me to give average ratings (no matter how great I did this year) so he can get more $$ for himself and his butt kissing crew. Lol.

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Post ID: @2xxj+1q2q9y4M

Post ID: @1cla+1q2q9y4M and Post ID: @uwh+1q2q9y4M . The same here. As you posted, I'm Not the only FTE who's been F-cked Over in Risk "Management". If I survive the Layoffs after 1Q2024 which is when Citi is supposedly going to be done with Layoffs, on April 1, 2024 April Fool's Day which is fitting for the Laughing Stock of Wall Street Joke "bank" Citi, I'm waving "So Long Svckers" to the Citi Titanic as many here have already posted. I'm Not quitting voluntarily. I want Citi to pay me WARN money so that it hits Citi's Stock Price and further beat it down. De@th By a Thousand Cuts. Rome was Not built in one day, and Rome was Not destroyed in one day. Just like other employees, I'm doing Quite Quitting, doing as little work as possible until April 1, 2024, keeping my ideas, solutions and industry knowledge to myself. When employees do this, it further exacerbates Citi's mediocre and below average performance compared to Citi's G0d's that Citi worships and admires, JPMorgan Chase, BofA, Morgan and Goldman. Shareholders and Employees are tired and already gave up on Citi. Citi should just wave the White Flag, surrender and give up! It's the next Silicon Valley Bank, HSBC, Signature Bank and First Republic Bank anyway.

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Post ID: @1ycn+1q2q9y4M

Post ID: @uwh+1q2q9y4M : Exactly. Same here. I was hired by Citi as a VP couple of years ago from a bigger bank without realizing that Risk in Citi has SVP, which is the equivalent of VP at my previous place. So I was f**ked up. And I shared that with my manager, he is aware and now he can see that I refuse to do any work - just the bare min until I get the SVP or I find another role. He realized that he was really stupid to hire me at the wrong grade/level.

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Post ID: @1cla+1q2q9y4M

Yes. It's not healthy at all. Of course it's much worse when I'm at the office.

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Post ID: @zfl+1q2q9y4M

Yeah. It's not a good environment right now. I am kind of over it all though. If they want to continue to be dysfunctional, run up expenses (yeah they are still doing this) and be a negative/toxic business that's on them. I have high standards of work, however it's not appreciated and everyone pretends they want your insight (they do not care). Most things here are strictly for optics. So I plan on keeping my ideas, opinions, and industry knowledge to myself. Bare minimum is the norm right now and I'm joining that crew.

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Post ID: @uwh+1q2q9y4M

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