Thread regarding Citigroup Inc. / Citibank / Citi layoffs

All I am going to say is no. I'm not happy with my comp or bonus. No i did not get an average rating either or a bad one.
Ratings mean nothing it's all just a stupid game of thrones that conceited managers play to line their own pockets. I'd do your work, take as many breaks as the other workers, realize this place is toxic, only attend meeting & webinars that are mandatory, and don't let them F-up your health/life.

if you decide to look elsewhere or not stop being their doormat. Just treat it as a job these people do not care about you it's just about the needs of the business.

They scr3w up and create more work, fines, etc. Either they are Dvmb or trying to make the bank go down the drain bc I have never in my many years seen this level of incompetence.

Don't do extra hours or night work, no accepting new projects if you can help it because they will heap on more stuff to keep from hiring people so they get big fat raises and bonuses. Stop or minimize purchasing in the food courts---bring your lunch & soda.

Kick employee networks and groups to the curb. Those people only run those networks or groups to look good and get promoted.
Look at all the SVP Chiefs of Staff (Not qualified in tech or anywhere else) who are now magically Directors. Only at this Dysfunctional bank. by Anonymous Post ID: @a6+1jhwsyqp1

Post ID: @gj+1jhw20cc9 I've seen the opposite at Citi. Citi promotes slower than GS, JP etc..

At GS, JP, Morgan etc. you're in your current role at most 3 years but usually only 2 years, until they promote you In-seat to the next level. Once you're at Director/Exec Director you may be there for many more years because of course the company does Not want too many MDs.

At Citi, I've seen people as AVP, VP, SVP etc. for 5, 10, 15 years! That's insulting and absurd!

The employees who are waiting around for Godot are equally Stup!d and oblivious for letting Citi string them along with false hopes, Low salaries, bonuses and benefits!

Post ID: @gj+1jhw20cc9 Outside if the USA it's easier to get hired and promoted even with subpar skills, job experience and/or pedigree. This is even true in the UK, our closest ally and brethren.

The requirements and standards are lower internationally.

I see it all the time and Not only at Citi. People are hired with flimsy work experience and skills as well as 2nd or 3rd tier university education outside of the USA for which they would Never get hired or promoted if the job posting was U.S. based.

Post ID: @gf+1jhw20cc9
I worked at one of these banks - and believe me, every other year they trim lots and lots of EDs/MDs - so this is how you keep inflation in check. Citi have not performed a proper RIF for many many years apparently. Plus, they promote really quickly - at JP it takes 3 years as an Analyst to become an Associate, then 3 more years to become a VP - that is a standard. Then it gets a bit less strict - but on average 3-5 years if one is good and you become an ED. At Citi I see people in Warsaw that are hired as Analysts - after 1 year - Associate - after one more year VP - after two more years SVP - it is insane.

Post ID: @g9+1jhw20cc9 That's true. Since GS/JP/Morgan/BofA promote 50% to 70% of the population that's up for or eligible for In-seat promotion every year, surely these annual promotions will create grade or promotion inflation or bloating.

But Nobody hears about them being accused of grade or promotion inflation because they're the envy of $hittybank and Wall Street. They can afford the higher salaries, bonuses and benefits.

Post ID: @an+1jhw20cc9
It's Not about grade or promotion inflation.

$hittybank can Not afford the promotions and by extension higher salaries and percentage of base salary bonuses because $hittybank is a Penurious Mendicant compared to GS/JP/BofA.

That's a Swiss Cheese argument. The Real, Successful banks would also be accused of grade and promotion inflation, but they're Not because they can afford the higher salaries and bonuses!

Only 1%, true based on previous FT post.

1 SVP and 1 AVP promo in 200 HC org. Seems like 1% was true.

There were couple of promotions in the wider team - but much lower number than previous years. But that is kind of understandable - Citi made some people VP/SVPs really easily, after 3-4y of service, especially in low-cost locations like Warsaw - ridiculous. Less promotions is good - level inflation is rampant at Citi - my understanding is currently as it looks an SVP is equivalent to VP at banks like JP/GS, whereas VP at Citi is equivalent to Associate.