Thread regarding Citigroup Inc. / Citibank / Citi layoffs

The Posts were GOOD ENOUGH for You to READ.

Bumps in stock price due to Layoffs are ephemeral and NOT sustainable long-term.

LOL!

Read History.

Layoffs are like a temporary high from illicit Drvgs. You need to keep taking more and at higher dosages to maintain the same high feeling levels.

Sh!ttybank will need to Layoff 100% of its employees and become extinct at this rate to maintain high stock price.

Also, anyone B!@tching about misspelled words or words with weird characters in them is Clueless.

This website puts dashes on letters in words it deems offensive or profanity just like......Fvck....Scr3w, B!tch, Sh!t, @ssault, etc..

@ja No Wonder you are Worried about Layoffs. You spend Half your Life posting Half Truths with Incorrect Capitalization to these Boards and nothing you Say will Change anything. Go outside, read a book on mainframe architecture and throughput, or maybe check The share Price. Have a Great day.

@10r lol written by Tim Ryan himself

@jx

It's true that Wells Fargo and BONY Mellon (their previous branding was Bank of New York BONY) layoff more than Citi.

I know this because I know people who either still work there or previously worked there.

After about 2 years, you become layoff eligible or can be considered for the chopping block. So this means you only have 2 years after you're a new hire until you become eligible for the Layoff Hit List. It doesn't mean you're 100% guaranteed to be laidoff, but you become a possible layoff and an unknowing, reluctant target.

However, Wall Street has reported Wells Fargo has been beating Citi for the past 5+ years despite Wells' regulatory violations and millions of dollars in fines it's paid.

So sad and pathetic. Citi is an uglier Pig 🐖 and Freak Show Dysfunctional Circus 🎪than even Wells.

You know Citi is on its way to bankruptcy and Non-existence when even Quasimodo beats Citi in beauty contests. LOL!

If Citi Executive "Management" is doing so great and wonderful, why are BofA, JPMC, GS, Wells Fargo STILL KICKING Citi's AS$ every year for at least the past 10 years if not 20+ years ???

Both Wall Street and Citi's own Townhall Meetings admit this, including what's shown on the PowerPoints!

ROTFLMFAO!

It's like the Sacramento Kings (basketball) and Arizona Cardinals (football) attempting to inculcate to everyone how successful and wonderful they are, but NO ONE is buying the BullSh!t because the numbers speak for themselves.

These 2 teams have the worst record for number of lost games. Always at the very bottom of the pack.

But keep living on Fantasy Island 🌴 within a Smoke and Mirrors Freak Show Circus 🎪 Company.

@10r

Hello, TR !

King Dionysius perched on his chair with Damocles Sw0rd hanging over his head! LOL!

CitiTroy, say hello to the employees-Trojan Horses discreetly and surreptitiously sabotaging Sh!ttybank behind the scenes because Sh!ttybank Fvcked Over so many employees and former employees.

Rome was Not built in one day, and Rome was Not destroyed in one day.

Oh I dunno just one of the most successful roll-outs of AI across any fortune 500 company. A number of key strategic hires e.g new CIO. Played his part in exiting critical consent order deliverables. Trimmed a lot of fat from his org ( probably one of the most aggressive execs in this). Id give him an A plus. Thats before I factor in his beautifully written Thursday notes.

Well, I print those Thursday emails that he sends and wipe my a-s with it. Not worth a milliom bucks that citi pays him though

Evidently, another Citi "Genius" READ the ALL CAPs POST enough to REPLY!

LOLOLOLOL!

@ja your use of caps makes you looks silly. No one reads that cr-p

What has Tim Ryan delivered so far? - - - -Wow, what a question. One for which I have no answer.

@ed and folks that know COBOL can still write their own tickets as consultants.

He tries to make himself relatable, With his multi-million dollar salary and sitting in his Ivory tower. It's beyond transparent. "I'm just like you". Who is buying it? Meat puppet. He'd be great at HSN or infomercials. I can see him 3am selling how to become wealthy buying and selling pet rocks. Dork.

You’re supposed to be completely captivated by the life changing stories he provides and totally ignore all that is wrong.

I know there’s a lot that’s wrong but here let me give you a story and very loosely tie it into what’s going on at Citi. My grandfather told me this while watching the sunset with one foot propped up on a tree stump as his gaze was focused on the horizon. He looked down at me and said “Champ”, he used to call me Champ. He said “Champ, don’t ever let someone yada….yada…. this is where Citi is now. “

Needless to say, all your problems are now solved.

@jx

Yes. Exactly.

Last year 2025 a Citi Tech MD was either Laidoff or Fired, and within 2 months got a VP job at JPMC.

This is NOT the only instance or occurrence I've witnessed where Citi MD = Director or VP at Real Bank, Citi Director = VP or lower at Real Bank, etc..

And based on what other employees have observed including posters on this and other Internet sites, the skills and work experience of a Citi employee, Or rather LACK THEREOF, are equivalent to at least One-Level if not Two-Levels Lower in the Real Banks.

LOL!

Citi is obviously NOT a peer of GS, JPMC, Barclays, Morgan Stanley, etc.. Citi wants desperately to believe it is, but Citi is living on Fantasy Island. 🌴

The Dunning-Kruger Syndrome.

An A-student in one school, is a B or lower student in other schools.

@ja not sure the Wells Fargo folks will agree it's better than Citi. BNY (even if its more of a custody bank than the others) and Wels have some of the most active boards at the alyoff.com lol. US Bank too.

Citi had some good talent in the years gone by. Had being the operative word.....now it's mostly filled with stragglers who won't cut it at a JPMC or GS. Heck, a JPMC or MS ED,though technically equivalent to Citi's Dir is easily a C16 at Citi with change to spare.

And yet, JP, BofA, Amex, etc. H3LL even Wells Fargo Bank even after all of Wells' legal and regulatory problems, have been and still are kicking Citi's AS$ financially, technologically and operationally.

Citi is a 2nd or 3rd tier "bank" that's unable to integrate and operationally coordinate legacy, stone age technology with new modern platforms, unlike its envied competitors.

With Citi's Spaghetti-Labyrinthine "Technology", financial and operational problems, it's NO Wonder Citi is Broke AS$ Poor, nickle and diming its employees and prospective employees.

And yet Citi Still wonders why it can only attract and hire Incompetent, Subpar employees who continue the vicious cycle of Citi's Dysfunction, Errors, Stone Age methods, Stone Age "Technology", bad policies, bad "managers", ad infinitum!

Being or becoming a GS, BofA or JPMC is simply NOT and NEVER will be in Citi's DNA.

In basketball, you can NOT coach height No matter if your strategies/tactics are good. You STILL NEED TO BE TALL.

Citi will NEVER be TALL, NO matter how much it tries. Citi will always be a M!dget.

Just sell the "Bank" already, in whole or pieces. It does Not matter. Citi is a lost, hopeless cause and FUBAR.

Employees certainly have already given up on Citi.

They just LIE about their true sentiments on the VOE and go to Internet sites such as www.thelayoff.com and others to vent their true feelings and beliefs.

To people who have posted here about Citi, baffingly,using Cobol and IBM Mainframe in 2026:

Folks, I am no fan of the present Citi admin nor its CEO and layoff /stack ranking strategy. Nor am I a mainframe/cobol developer, but the fact is Citi is not the only big bank to continue to use Cobol and Mainframe in 2026 - BoA, JP et all (banks that operate deposit accounts) also use them. In fact, about 95% of all ATM transactions worldwide are processed using COBOL code as a rough estimation and more than 80% of in-person banking activities and credit card swipes rely on these very 70's and 80's systems

Why? Well, mainframes are optimized for high-volume transaction processing. They can process millions of transactions per second with vert low latency - a scale that standard cloud servers struggle to match efficiently. In other words, these systems are incredibly stable, regularly achieving >98% uptime. They have been mathematically hardened and patched against errors for over 50 years, including some human goofups

Most big banks, including Citi, use a hybrid strategy these days. That is, they keep the heavy, reliable COBOL backend on a mainframe to process transactions, but build modern Java or Python APIs around it to give the look and feel of modernity on their mobile apps etc. even if the backend technology is from the cold war era

Just thought I would add my 0.02

He brought AI

He has inspired my hero Trim Ryan to entertain us.

COBOL, UNIVAC, Fortran, etc. are "technology" Pre-Saturn V Rockets that sent men to the moon in July 1969.

Truly Stone Age. LOL!

Citi wants or needs a car, but is still using a Horse & buggy, or at best a bicycle.

@br

Exactly.

And yet Sh!ttybank STILL wonders why it's FUBAR and has problems NO Other financial institution has.

With Stone Age Labyrinthine "Technology", penurious revenue, can only attract & hire Incompetent Low Calibre employees, toxic bad "Managers", bad policies, All leading to a vicious cycle of Dysfunction, Errors, lost revenue/money, ad infinitum, Citi is the Wall Street Pariah and ridiculed secretly or not so-secretly by its own employees.

COBOL is 70 years old "technology"! Just Google this!

It wouldn't be a surprise if Sh!ttybank STILL also uses Fortran (70 years old) and UNIVAC (75 years old) !

Citi's logo and motto should include, "Time Travel With Us!"

Any company Still living with and using 70+ year old Stone Age "Technology", is delusional to think or believe they can suddenly or magically catch up to the Real Banks and magically understand how, why and when to use AI/ML and Data Science.

But let Citi Sh00t itself in the foot and live in fantasy as usual! LOL! Everyday is a step towards RRP Bankruptcy.

Rome was Not built in one day, and Rome was Not destroyed in one day!

Same with Ash Nawani

Well he does deliver those inspirational weekly messages

@OP Technology at Citi? we still use a 3270 emulator and a COBOL-based platform. Worldwide.