Heavy hitters will be leaving.

Many people out there put in very long hours, sacrificed weekend and for nothing as shown by the bonus and raises you’ll not be getting. Yes, decision makers who got us to this point will get theirs but not you, no certainly not you. Oh sure, you get the ole tried and true “you get to keep your job” fear tactic but don’t stress over it, instead smile and wait.

’There will be a recovery from the recession followed by a bull market as been shown all throughout every recession since 1920’s. The job market will rebound with a vengeance like it always has after the fact, that’s your window. Make your move then, seize it for something better and somewhere more appreciative of your skills.

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A year from now the internal talent pool will be drastically reduced. Those left trying to pick up the slack will be so burned out that they too will be soon following that path out of Citi.

Why work the hours of two jobs for the pay of just one. The threat of “do it or you’re let go” only goes so far.

BEHOLD!!!! Your comps….how’s that working for you. Glad you put in those hours I bet.
Was it worth it?

to @jwc+1qDYEATQ
Did you read the post in its entirety. As the post mentions, yes, right now the hiring is sparse but will be better on the economic bounce.

Where will the pipple go? There's only so many job openings....

Just wait for 1 more year. Citi will be deserted

I’ve seen this very thing many times now at Citi. So a year later there will be a town hall with the sentiment of “We realize we have a talent shortage and we are taking steps to bring in the right people”.

They don’t realize that you not only have to bring in the right talent but you have to RETAIN the right people. They don’t know how to do that.

It may be cliche but, you train your people well enough to where they can go anywhere, treat your people well enough to where they don’t want to. Citi misses these points all the way around.

A lot of people within US Wealth have gotten the bad news this week. We heard several areas under consumer wealth US has been impacted heavily

Not all but some managers, if they sense you really need the job, big family, need the insurance etc…, they use that as a tool to squeeze more out of you with the implied threat of “better rise to the challenge or I’ll find someone who will”. Often times such a person is not running anything at home so they come into work and enjoy making people jump through hoops. Such is the small mentality that you have making decisions that affect people’s lives.

Its more like “You don’t like it, then get off of the train”. - -Jane
Ok, challenge accepted, I’ll be going.

Oh, you have no idea. You read post after post of “I call BS, you need your job, you can’t leave, you’re stuck like the rest of us”. No, not so much. There’s a huge difference between you need “A” job and you need “THIS” job.

I know groups of people who have had resume writing parties over the weekend. People are getting ready for both a possible layoff and a most definite exodus when things get better even if they don’t get let go. You also can’t dismiss private zoom sessions on such discussions. Yes, its possible to have a private zoom session from your personal computer, using your own personal account having nothing to do with Citi and NOT use your Citi laptop or Citi account.

Bottom line survive or not, when things get better, people will be packing up and moving on.

Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Heavy hitters will be leaving.

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