Thread regarding Citigroup Inc. / Citibank / Citi layoffs

This is not doom and gloom folks, this is reality

I don't think some of you are getting the message. Citi does not want or care about your happiness. Contrary, they want you to leave. Employees are one of the largest expenses and cutting expenses lifts the stock. The ELT cares about themselves and shareholders. That's it. This company stopped caring about it's employees years ago. We are on a trajectory to raise the stock and we are all cattle. Cattle to be micromanaged, overworked, left with uncertainly, controlled by fear and managed out if you are too expensive to lay off. That's it. That's what's going on. And what awesome contributions do we make to offset this? Nothing. We fix things from decades of mis management because the OCC comes in and fines us and says we have to. That's our valuable contributions. It's not to our customers, since they like us so much we have an F BBB rating. Our jobs are to address OCC findings and try and stop further fines. Don't try to make it more than it is. And to make matters worse, all banks are doing this. Because it's all a race to raise stocks and stave off commercial real estate collapse. Job postings in the market are mostly ghost jobs that don't exist. This is not doom and gloom folks, this is reality.

An on point commentary by @ae+1jj7dchkz.

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| 1121 views | | 5 replies (last January 23, 2025) | Reply
Post ID: @OP+1jj9tchtn

5 replies (most recent on top)

to post @aw+1jj9tchtn

No, they won't have your work transitioned to someone else and a job posting within a day. You can give them 3 months notice (retirement) and maybe they'll have someone on your last day. Maybe. Most likely three months later or never.

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Post ID: @bj+1jj9tchtn

You’ve got that right, Citi is average at best. Certainly nothing to write home about that’s for sure and never will be.

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Post ID: @b2+1jj9tchtn

Good lord. I swear most of you malcontents are on your first job. No company prioritizes its employees over profit, shareholder returns and executive compensation. Some have a little more regard than others but Citi is pretty average given my experience over 30 years in Fortune 500 HQ environment.

Either you su-k it up butter cups or leave.

Respectfully….

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Post ID: @b1+1jj9tchtn

Agreed. What in the world has happened that Citi may have done or said to make anybody think at any point in time that Citi actually cares. All the public humble bragging that Citi does about how they care is just for political posturing. The reality behind the curtain that we’ve all seen, says otherwise.

YOU are a chess piece. YOU are a commodity. Something to be traded, used and discarded once you have no value to Citi. What is value to Citi? To Citi value is what can you do for me, that I can leverage and gain more from than the payout to you?

Citi is very neutral to you as an employee. You can die tomorrow, and they will have a transitioned all your work to someone in 30 minutes and have a posting for your position by end of day. Never ever think that Citi really cares about you.

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Post ID: @aw+1jj9tchtn

Agree, but it's not just Citi that doesn't care about you. You're not going to find a corporation that gives a rat's a-s about you. Not one. This is the song we'll be singing until we retire or start our own business. Why do you think there are so many job hoppers out there?
Not saying Citi is the best. The pay and politics are atrocious. I can leave here, go somewhere else and think it's better than Citi and someone there will be telling me not to get too comfortable, it's horrible how they treat us. Only two answers that I can think of. Retirement or entrepreneurship. Good luck to us all.

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Post ID: @ak+1jj9tchtn

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