Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Paying a low end salary would be much more palatable if it wasn’t so suffocatingly toxic.
I’ve never seen such a rock solid effort by a company to crush any peace of mind that anyone may have. I’m taking Jane’s advice, getting off the train and all that. As soon as the job market heats up, I’m gone. First job preference, more $, second, same salary and remote, whichever comes first I’m taking.

Peace out.

Former employee here but I still check this board from time to time. Only way I'd go back is if I needed money desperately. And the job would have to pay a lot. And it would have to be remote - no open office.

The first condition I hope to avoid. The second and third - cold day in He-l!

Sounds like a lot of whiney babies in here. Maybe if you had valuable skills and didn't come across as socially awkward in your zoom, you would hear back sooner. You should be thankful you even got a chance to interview. Most people do not.

Usually Tech peoples from IT industries will be hesistant in joining Banks for the fear of budget layoffs and politics. In Citi, this amplifies a lot. Tech hires for past 2-3 years lament a lot on the culture and their difficulty faced in trying to change it.
Citi is already occupied by lots of vendor consultants, contractors and consultant turned managers who earn side-incomes for h1b hiring, contracts, etc. Most H1B play politics to retain their job position and have control. Most off-shore employees try to see onsite employees as threats for their growth.
HR is major culprity here. There is no clear process for growth, hiring defined by HR. Any one can other person internally. The Job req is merely a formality . There is no onboarding process too. The onboarded new employees face lots of challenges to even understand the environment. To start working and contributing to projects, it takes months.
Things will never change immediately. Let it break. Let it fail. Eventually there will be auto correction.

I’m embarrassed. My tech buddies outside of Citi, when approached by me with a job posting for Citi, gave me a whole hearted “not no, but never”. Its not like I’ve complained to them about work. This is all conclusions they’ve drawn on their own from reading various new articles, postings, and complaints about Citi. They want nothing to do with this company especially for the pay that’s usually offered. When talking to them, I don’t know what to say.

I really liked one of the mutual funds that my old employer offered in the 401K. I asked the HR recruiter if Citi offered the same mutual fund in their 401K. She said “Oh yes, of course. We have the same thing”. I asked if I could get a list of all of the investment options for the 401K ahead of time to do my own research and was told that was not possible. Later I accepted the offer and low and behold Citi had nothing along the lines of what my old employer did. I fell for the lie I was told.

I don't know if this is normal process, but my interview-hiring process lasted approximately 5 months, many times in which it sounded they were ready to make an offer and then I would not hear from them for like a whole month, nor respond. Recruiters never answered any specific question and seemed to just copy and paste a script which gave no answers whenever I did have questions.

@pix+1u19pRCU you are right.

I know one person release in March because of differences in managers who moved this resouce between teams. That guy joined here from big IT consulting firm and was fired without any mistkae from his side.

I heard about one of my friend who joined Citi from an IT company. Citi was hiring blindly from IT companies to Bank 2 years ago for replacing its contractors. He was let go within 2 years. He was the best in our group and could make drastic changes to Organization. I was the one who referred him inside Citi 2.5 years back. I never got even referral bonus.
There was utter politics sh-t behind his release and his layoff has triggered a big wave of "Blacklisting" among some of the tech group members.
Citi and its HR are playing a lot with life of employees without proper organized onboarding, hiring practices.

Who wants to move to a firm that's in a prolonged program of slashing head count?
It's like running into a burning building.