I got an offer letter yesterday and they just pushed the start date of all external hires to Jan 2026. WTF? Looks like a way to fudge their headcount numbers
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JOBS YOU NEED TO QUIT ON DAY #1 RED FLAGS:
https://www.yahoo.com/lifestyle/articles/people-quit-jobs-very-first-113102878.html
same here, start date for me is also Jan 2026.
Correction: Citi will maybe lift the hiring freeze after 2Q 2026, Not 2025.
@184 Companies like Citi post fake job reqs all the time. It gives a false illusion of strength and growth and helps stock price. it also fictitiously inflates the job market numbers and shows that the economy is really stronger than it is. recent studies show that a large percentage of job postings on various sites like Zip are actually fake.
Then what's the point of posting jobs NOW if they have no intentions of filling them until 1Q 2026? Plenty of open req's out there...just seems wrong/counter-productive to post openings if there is a hiring freeze in-effect.
There's been a hiring freeze in place since 1Q2025.
Citi will maybe lift the hiring freeze after 2Q2025
A hiring freeze has been decided for Q4 2025. It happens every few years to allow headcount requirements evaluation etc. Nothing unsual, it is a normal course of business across companies, including banking and financial services.
Morgan Stanley did the same to me back in 2010. MS delayed my start date to 3 months according to the Offer Letter. That was immediately a Red Flag to me.
They were stalling on several fronts including but not limited to completing my background check, which I found weird. My gut feeling was that there was something going on in the company or department that was beyond my control and unfortunately, I was correct.
Consequently, I continued interviewing and continued my job search and landed a new job during those 3-4 months. After about 2 months starting from the date I returned the accepted Offer Letter, Morgan Stanley phoned me to tell me that due to budget cuts in the department I was supposed to work in, MS had to retract and renege their job offer.
I told Morgan Stanley that I had a feeling they were going to take back their job offer because 3 months is a long time to wait to start a new job and anything can happen during those 3 months.
I admonished MS and told them that although I had moved on (I did NOT divulge that I found another job and already started there. I left the terms "moved on" as vague and general because it's None of MS's or any employer's FVCEKN business! ) , I asked MS what would have happened if I had given my current employer my Resignation Letter, only for MS to take back their job offer ???
There was NO guarantee that my current employer would take me back since I had already tendered my Resignation Letter ! Most employers will NOT take back the employee and cancel the Resignation Letter ! Then I would have been left without a job !
The Lesson and Moral of the story is in addition to the above: Be prepared to go to an Employment Lawyer (most will accept your case on contingency fee (No cost to You, the Plaintiff) especially against a wealthy and well-known company like Morgan Stanley) and Sue the Employer/Company.
The Employer/Company (in this case Morgan Stanley) is estopped from taking back their job offer after the employee had already given their current employer their Resignation Letter !!!
Is Morgan Stanley the only employer that reneges on their job offers ?? NO. But many do, and often with impunity because employees are foolishly afraid to sue for remuneration.
@j3 Yep makes sense
@e3 lOL the $ you’re talking about would not even be a rounding error on the income statement. There’s a reason they’re holding off on hiring but it’s because they’re going to offload a bunch of people in Q1 then realign the org to fit what ever org model they’re trying to build which will include external hires. Employee expense for 2025 is not the motivating imperative.
@hs you are right. It’s in the tech team.
Because I know people in the recruitment team and asked around.
How do you know ?? The OP did Not state from which Department he / she received the job offer.
This is Technology hiring only.
What the other poster is saying is that Attrition (quitting, retirement) = Voluntary. Layoffs and Firings (bad work performance, criminal activities (stealing, as$ault, etc.), etc.) = INVoluntary.
Sh!tibank is holding off on and delaying new external hires (does Not include internal transfers to new departments) onto the next year, in the OP's case To January 2026, so that Sh!tibank's financial statements and Sh!tShow BullSh!t explanations to the Regulators will make it look like expenses (salaries, medical benefits, bonus, etc.) decreased in the year 2024 and 4Q2024.
Employees are a Liability, NOT Asset on the Balance Sheet. They are an Expense on the Income Statement. In fact, employees' salaries and medical benefits are some of the largest expenses for any employer.
Sh!tibank is delaying expenses and passing them onto the next year (2026).
There’s two options voluntary and involuntary but they report voluntary only.
Please share a screenshot. This sounds completely false. What line of business?
You realise that attrition IS voluntary resignations.... not layoffs? Cute, maybe learn what you're talking about before speaking.
They want to hold on until 2026 so the books can close and have a better number for the end of the year and hold off expenses so stakeholders can see a stronger end of year closing. This is not ethical at all.....and just to put you on hold for a whole 3 months is insane!
@cs
When the shoe is on the other foot, Employers do Not GAFF = Give a Flying Fvck about "Word of Honour" and will summarily renege on their job offers just like they do during economically stressful times (Recessions of 2001 to 2004, 2008-2010).
What's good for the goose is good for the gander. Employers do NOT care about employees and always think of themselves. They exist to make money even if it means employees become homeless.
Accept Citi's job offer, BUT keep searching and interviewing during these 3 long months that Citi is putting you on the back burner for.
If a better job offer comes along before January 2026, TAKE IT. Do NOT hesitate because Citi will Fvck You over if the tables are reversed !!!
what about yer worde and honour?? a deal is a deal?....
As others have posted here, a lot can happen in 3 months. $hitibank can renege on their job offer (just like many companies did during the Recessions of 2001-2003, and 2008-2009), with impunity.
Accept the offer and keep searching for a Real Job. A new hire did that in the Risk Management Dept.. He got a better job offer shortly after accepting Citi's job offer, and took the better job offer because Citi's start date was too far into the future. LOL !
So instead of making US$150,000 he's now making US$250,000.
yep, fudging the numbers for sure. And are you expected to wait around for 3 mos? Isn't this a red flag to you? Is this the kind of company you want to work for? And who says the 2026 budget will actually support your role, short term or long term. There's a long way to go to reduce headcount from Jane's plan. Take everyone's advice and run. Accept the offer and then never show up. Get yourself another job.
What other option do you have?
Having crunched the numbers on attrition as an analyst, I can tell you firsthand that they're playing games with the stats. Attrition rate is only reflecting voluntary departures, not terminations. And get this – they're backfilling those positions with new hires, which gives the illusion of stability to regulators. It's a straight-up fraud. Time to wake up and see what's really going on!
Run away....Run Away....Run Away....Runnnn Away...it's a battle for retreat..oh oh oh....Run Away...oh oh oh
Real McCoy 1996. Look it up on YouTube. Track composed almost 30 years back. Listen to it
I'd keep looking if I were you. Their offer is so far out that it could fall through.
You got an early hint - run away and don't look back. As fast as you can...on the count of 3....