Enough of the doom and gloom. Things can be a lot worse.
Let's stop the gloomy downcast thoughts.
Sure, nothing is perfect and maybe it's going to get worse before it gets better. Just be grateful for what you do have right now and tell ourselves things are going to get better. If not at Citi, then some place else. We're not tied to our jobs/corporations. We have options.
You have a job that someone else who has been on the job market for a while would love to have. You have your mental and physical health to get you to brighter days. Remember we always have options. Right now, I'm going to stay positive and optimistic for better days ahead.
10 replies (most recent on top)
Post ID: @ee+1jj7k36n3 If you love your Sh!ttijob why are you on www.thelayoff.com ? The website name itself means it's Not a place for positive comments and sentiments about Citi. I know you'll say it's to maybe get inside info on Citi layoffs.
As many posters already said, layoffs, low salaries, low bonuses, bad managers, toxic culture, incompetent HR, etc., are interconnected, feed on and compound each other. If you want to be myopic and Not consider the other factors, you will not understand the why, who or when of layoffs.
Example: I work in Department A that has 10 Groups. In 2020, there was a mandate to increase hiring. The managers, MDs and Ds were hiring indiscriminately without regard to costs or if we really needed 10 more people for each of Groups A1,..., A10 and as other posters pointed out, overpaid for most new hires during Covid.
I communicated my concerns to my MDs. They said they got the mandate directly from CEO Insane Jane. These new hires were both from external companies and Contractors converted to FTEs.
I knew that the bloated and increasing expenses would lead to painful and protracted Layoffs. The writing was literally on the walls. Feast now, famine later. I estimated that by beginning of 2023 Layoffs, budget cuts, lowered bonuses, lowered salaries, lowered benefits, etc. would begin.
Unfortunately, I was correct. Those Laidoff were and are Non-new hires during Covid (e.g. existing current employees), New hires from external finance companies & banks, and Contractors converted to FTEs. So if you want to keep your head in the sand or Up Your As$, be oblivious and have tunnel vision, that's your choice.
@ b4+1jj7k36n3 You come to troll as an embittered ex employee. It’s sad. Not in HR - love my sh---y job, compensation and 3/3 work life balance.
Everyone has to work in h/r to post something positive.
The op said that we have options. We stay at Citi as one of our options. We leave Citi as an option, as well. Some of you totally missed the point of not being dragged down by your circumstances and having a positive mindset. Continue to choose to be miserable and whiners. It will eat away at you.
Post ID: @az+1jj7k36n3 I'm a Trojan Horse. GO TroyCiti.....to He11 !
The OP is most likely a "manager", HR, MD/D. This is a troll BullSh!t thread.
I come here for both entertainment and info. And of course, the $hittybank Guy's posts. Like it or not, he does post helpful information and details.
I still like Citi I still like Jane!! I am part of turning the company around!! GO Citi!!
Did you not see one post from someone comment in employees morale is low post
https://www.thelayoff.com/t/1jj7dchkz
Their mental health and physical health is compromised. Your comment mentioning your health can get you by is right, but others are not as lucky.
Yes, there are options, that I can assure you. :)
Forget the banking sector and all the scrutiny therein. Options…yes, being marketable is so freaking awesome as well as financial independence.
well put . Citi is not a perfect firm, but other banks are not significantly different either.
I…….I am perfect.