Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Jane is laughing her @ss off every time her direct deposit hits.

22% raise while the masses get ran off to pay for it. Every single employee is a pawn, a commodity to be used traded and discarded at will. You are no more to her than stapler.

AI promises were made and it did not work out. It will eventually but AI did not bear the fruit (money) that was promised. We’ll have AI in place and it’ll replace “x” number of employees this year. It did not work but even still gotta run off the people to save at least some of the money that was promised. So…YOU are on the chopping block.

Meanwhile, Jane raise\bonus is locked in at the cost of your job. She’s laughing at the fact that you are paying the price and not her.
Those that are left behind the carnage will be worked to death to pick up the slack and again she will chuckle. You guys need to get past the point that she does not care what you do, say, think, suffer through or feel. You are such a non-concern to her much like a discarded bottle cap that you and your well being does not even register as a thought to her. She came from McKinsey for which their sole purpose in life was to help CEO’s determine the best way to sell laying people off for optics.

My advice to tech….leave on your own terms as soon as you can. Be willing to move elsewhere for the same pay and maybe even settle for less but at least you won’t be blindsided. Yes, I am aware it takes a very long time to find something so start searching now rather than after the axe falls. Skill up and go. Either Citi sees the value you bring to the table or they don’t and some other company will. Try branching out to other sectors. As said before a tech person at Citi is not exclusively locked in only to the banking sector. There are other sectors that also use PowerBi, SQL, Exchange, various vendor firewalls, routers, switches, cluster, AD, etc….. crazy, I know, but Citi is not the only ones that uses various technologies. Give other sectors more than a passing glance.


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| 1032 views | | 5 replies (last February 18) | Reply
Post ID: @OP+1khreefz4

5 replies (most recent on top)

@at
You are correct, there is no such thing as complete job security, there is however, jobs that are far more secure than Citi.

This constant knee je-k reaction of layoffs to compensate for bad business decisions (Banamex, Russia, AI promises) is rather old all the while rewarding the decision maker of the wayward paths we’ve been on.

Layoffs are the only tune that Citi seems to know.

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Post ID: @bd+1khreefz4

Buy a lot of stock then they work for you.

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Post ID: @b1+1khreefz4

You sound like you are looking for job security, sorry.. no company offers that.. all companies lay off.. Get over it.. and if you don't adapt and get use to it.. you get left behind and without a job..

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Post ID: @at+1khreefz4

Good advice.
Especially the part about branching out (bank pun!) to other sectors besides just banking.

Here's a good site to find work, and a lot of the jobs are fully remote:
https://builtin.com/

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Post ID: @as+1khreefz4

Fear is the pre-req for Citi employment.

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Post ID: @am+1khreefz4

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