Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Vicious cycle

The more people leave, the more people are motivated to leave as well. After two colleagues gave notices on the same day, I also started looking for a new job. The problem is that there are almost no replacements. Those who stay get more and more work. It seems to me that almost no one is interested in working here anymore.
+ Do you think that at some point Citi will have to make better offers to people in order to come here, or do something more to try to keep people already working here?

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| 2313 views | | 4 replies (last September 14, 2021) | Reply
Post ID: @OP+1cBg9Cxc

4 replies (most recent on top)

the bonus pool looks a lot better on a per employee basis after the shot's true intentions do their work at lowering the bank's headcount.

no need for layoffs or even life insurance payouts.

Clever, actually.

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Post ID: @ddja+1cBg9Cxc

Citi has gone for years now with little to no bonus given and its even more disheartening when 500 million $ was “accidentally” given to the wrong company. So there’s an expectation to hear, yet again this year, there’s no money to give out to anyone.
‘Just pick up the pace from those that left and expect to work longer’ will be the general feedback given to all. While there’s talk to “change things” in 2022 to make compensation better to keep tenured staff, that means after all of 2022 is over with and in Jan 2023, you’ll see the end result. In my opinion, that’s too long of a wait to try to make things better. Also what will they determine ‘what’s better”? So going from giving out little to nothing, you now give “little to nothing +1%” ? Frank, last year you got nothing so this year we are going all out, you get 100$. Yeah, that’ll make things better. Frank will be locked in for life.

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Post ID: @1our+1cBg9Cxc

honestly seeing this in every company
where can you go

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Post ID: @1qvo+1cBg9Cxc

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