Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Citi wants desperate people as a preference.

Overall, being let go may be a blessing in disguise. Citi does not want people who WANT to be here but rather people who NEED to be here. People need a job that goes without saying after all you gotta pay the bills. Citi though, wants people who are really desperate like really lean on the insurance. This way management has more increased leverage against you. They can squeeze in the long hours all the while strongly insinuating to not make a big deal about it after all “you really need this job, so don’t rock the boat. How’s that insurance working for you that you really need.” Its always a tongue in cheek comment that’s uncomfortably laughed at, at the time, but the implication is still there.

There’s a mental formula that’s assessed I believe. The more kids you have, the more dependent you are on insurance, the more bills you have…..the more “they got you right where they want you”. The pressure can really be applied. Usually summed up with berating you in public on team calls so that the others can see and know to step in line or else.

I’ve been in 5 different teams over the years and have cycled through 9 different managers. Two of them were really awesome but they too saw the systemic toxicity and left to go elsewhere. The other 7 managers stuck around where they can thrive and their skills (bully tactics) are appreciated and leverages quite readily.


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| 1761 views | | 4 replies (last November 22) | Reply
Post ID: @OP+1kae27wxf

4 replies (most recent on top)

That's exactly the problem and some of the reasons why Citi can Not improve itself, is light years behind its envied competitors, and in the Problems Sh!tHole its in for the past 2 to 3 decades.

Citi can Not afford to pay salaries on par w/GS, JPMC, BofA etc. and so Citi only gets the desperate Dregs-Ret@rds No other respectable financial institution wants.

Citi can also only attract and retain low calibre employees who don't know their AS$ from their Elbow, you know, the ones who Fvck Up wire transfers every few months wiring money to random companies and people cause in Sh!tibank "Math" $280 = US $81 Trillion, the Revlon wire Fvck Up of US $1Billion in August 2020, ad infinitum !

Citi's peers are more like Citizens Bank, HSBC, BONY Mellon, Standard Chartered, State Street Bank, W!tch F@rtgo, Capital One, etc... second tier banks. Although, Citi likes to believe that its peers are GS, JPMC, Morgan, Bank of America, Barclays. LOL!

There are so many posters on this site (formerly from Citizens Bank, HSBC, BONY Mellon, Standard Chartered, State Street Bank, W!tch F@rtgo, Capital One, etc.) who posted that they're "happy" to have made the move to Citi. LMFAO!

Yeah, well if you're coming from a 3rd world country with NO plumbing, food, technology, basic living standards and facilities, and then into Citi, a second world country.

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Post ID: @r0+1kae27wxf

I can honestly say that out of my career both inside and outside Citi, I’ve had 5 really and I mean really petty, snarky, arrogant managers. Out of the 5, 4 of them are in Citi right now. This place does seem to breed toxicity.

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Post ID: @m0+1kae27wxf

Part of the problem is that there are some supposed leaders in HR, ER, and Ethics that are toxic. They dont fix themselves.

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Post ID: @ee+1kae27wxf

What company doesn't? We all are at their mercy.

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Post ID: @av+1kae27wxf

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