Su-ks for us. Citi just made cuts to retirement as BofA decided to give a nice retention bonus to their employees.
Citi really has the worst benefits in the banking industry.
25 replies (most recent on top)
In fact COO Anand and his minions even had the insouciant, oblivious FVCKEN NERVE to tell employees during Townhalls, "Don't Chase the Money. Stay at $hittybank."!!! As other posters wrote, that's easy for THEM (including MDs / Ds) to say when they're making at least US$500,000 per year Before stock options, bonuses and other perks they do NOT deserve. They FVCKED UP and Still Are FVCKING UP the "bank".
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 Fvck 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 d-mb 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 Chief of Staff (sorry not qualified in tech or anywhere else) who are now magically Directors. Only at this dysfunctional bank.
by Anonymous
Post ID: @a6+1jhwsyqp1
why bru, 125 for tampa is great. THink of your health too!!!
Post ID: @OP+1jj2ypp4t A few months ago $hittibank was actually proposing once per week "free pizzas" or Birthday Cakes once per month to Svcker, ahem entice employees to RTO. LMFAO!
$hittybank stopped suggesting these and some other AS$ININE, Out-of-Touch, oblivious ideas after getting employees' derision. Although they did keep the Pot Luck Lunches (Svckers haul and carry into the office pans of their own food for Moochers to eat....basically BYOL=Bring your own Lunch).
It wouldn't be surprising if $hittybank next pays us in Pizza and Birthday Cakes. Yeah, those will pay my mortgage/rent and electric bill.......NOT !!!
Post ID: @jd+1jj2ypp4t Are you an internal employee or external?
I just applied for a C13 in Tampa and the recruiter said 125k is the TOP END and that these days hiring managers and svps are being very selective for whatever reason. Knowing that most Directors and SVPs there now were covid hires or just dinosaurs that stumbled into the role, I guess they fear smart people pushing them aside. Once I was told that I rescinded my application immediately.
$hittybank guy is giving us real good info and statistics, however if he avoid that phrase he would be a hero here.
There will be mass exodus as citty is doing what it's peers are. Banks - Chase, Fargo as its peers, not BNY mellon and state street as those 2 do not offer the suite of services that citty offers.
Post ID: @cr+1jj2ypp4t True.
If $hittybank enforces or becomes strict like JPMC with RTO 3 to 5 days per week (other posters reported JPMC requires employees to log into Workday-type HR system everytime you request WFH in order to track how many days per month employees are asking for this and who's asking), there will be a mass exodus out of $hittybank pronto with the best workers who have in-demand skills and knowledge bolting out first because they can easily get new jobs asap.
As other posters already posted, unless you own your own business including as a partner, you are an Expense a dispensable fungible widget, Not Asset to the company. If you're going to forced to RTO 3 to 5 days per week and/or expected to do more work for Dog$hit salary and bonus, you may as well be an Expense for the highest paying Bidder=Employer (Not Citi).
Post ID: @af+1jj2ypp4t BNY Mellon is hanging by a thread. BNY Mellon then known as Bank of New York 20+ years ago, sold All of its bank branches to JPMC. HSBC, another $hithole $hitty Bank, also sold its bank branches to Citizens Bank.
BNY Mellon only exists to clear financial transactions s an intermediary, move money around and be a recordkeeper of stock certificates, etc. just like State Street Bank. I'm shocked BNY Mellon hasn't already been eat up by JPMC, Wells or BofA.
Citi has a ton more employees which means expenses too so they have to trim where they can. This bank os not meeting profit targets either so they gotta do the needful
Unless you're long term unemployed or desperate which are Not the same things, avoid applying to or accepting jobs at these $hitty Banks with reduced, penurious, mendicant and pitiful benefits (medical, 401k/pension, vacation days, etc.), salaries and bonuses:
$hittybank aka Citibank
BNY Mellon
M&T
Deutsche Bank
Webster Bank
Citizens Bank
Keybank Corp.
State Street Bank
Capital One
$hittybank's Layoffs Pattern has been:
Sept/Oct/Nov 2022
Feb/March 2023
Sept/Oct/Nov 2023
Feb/March 2024
Sept/Oct/Nov 2024
none of the other banks do this, i've checked with colleagues at the other major banks and they either dont set a limit for high earners or the matching limit is much higher than what citi just instituted.
Citi is a stepping stone. Join get the new title and bump in pay and leave in 2 to 3 years...then get the pay you earned
Post ID: @ax+1jj2ypp4t
$hittybank is getting worse and becoming like BNY Mellon.
For now you went to snd chose the lesser of the 2 Ev!ls.
Birds of a feather flock together. The Low Caliber "banks" are only trading and exchanging their Low Caliber employees.
Rarely do you see $hitty Banks' employees trading up and going to GS, JPMC, Morgan, BofA etc..
Exactly why I mentioned it! I left there last year and so year after year things kept getting cut. Citi has its issues but I’m glad I joined. I’m sooo much better off here.
Post ID: @af+1jj2ypp4t BNY Mellon also cut their 401k Pension and other benefits. The news media reported it.
Their www.thelayoff.com site is on fire and lots of B!@tching going on about the reduced 401k and other $hit.
Employees are just as miserable there as in $hittybank.
A BA gets 250K at citi.. Crazy
I've got a couple C13s reporting to me making 200k+, just look up the pay ranges, I'm only sharing facts and reality. Sure it's different depending on location, but again, facts.
Actually with last year's pay bands adjustments, some very few C13s could be very minimally impacted. Only those at the very top of the range and in high cost locations.
No C13 was harmed with this 401k cut
Someone has never heard of bank of New York Mellon.
In Tampa C13 salary range is 103k-170k and they make a big deal when you ask for 120k. Citi HR will low ball and try to give you 103k. I doubt svp are making 200k in Tampa so please cry me a river.
Because it effects your current and future Sr talent, and impacts YOUR future earning potential, it does impact you. Either what you could make and/or the quality of leader you might be working for because strong talent has better options. 200k can start at C13, so it's not as unattainable as you might think.
Cut back for workers making over 200k. Does not affect the majority at Citi