Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Thank you OP.

Citi has never cared about their top talent. If they did, there would already be a mechanism in place to retain them. They’ll keep the tenured staff at the same salary +0.5 to 2% increase per year, in other words below market value and think nothing of hiring a less experienced person at market value which happens to be 20K or more than the tenured staff.

I don’t think anyone really ever knows if the upper echelon and or HR ever truly care but if they do, yes, they need to do something. The plans I’m hearing from some of these heavy hitters in tech are very aggressive networking outside of Citi. They are contacting any and all that they know, looking for a job elsewhere.

We all know that any bonus and\or raise will be minimal unless you’re in a role that actually makes money. A sad story will be given that ‘times are tough’, just be glad you get to keep your job. There are still hard choices to make, yada, yada with the undertone that layoff are still in the talks….. Then a month or so later a press release on how Jane gave herself yet another raise.

You know it, I know it, we all know it. He-l Jane even realizes that everyone knows it and nothing will be done. Rinse, repeat and more of the same. If you’re happy with more of the same, then by all means, stay where you are. If you don’t like your world, then change your world and go somewhere else. True it very well may be just as bad or even worse than Citi but one thing is for sure, they most likely will pay you a whole lot more than what you are making here at this multi million dollar company.

If the Fed does provide a soft landing which it does look like it, the job market will spike up. I guess we’ll see after a few more rate hikes.

what if there is no sleeves to begin with

When your focus is more on surviving rather than thriving, its time to leave.

OP
Ditto

To the OP the only thing Citi pulls out (of its A$$) is more BullSh!t for its CitiSh!t Show everyday.

Citi loyalty….pfft yeah, right

I have as much loyalty to Citi, as Citi does to me.
Whenever I say that, I often get a response of:
“Citi has no obligation at all to be loyal to you. You are an employee”.

My response to that is:
“You are exactly right and I reciprocate the same feeling toward the company”

Its at this point I get the deer in the headlight confused look which if it could be put into words would be “Oh snap, I see what they just did there. I was angling for a pro-Go Citi moment and they are playing by the same rules that Citi is….quick…think of a rebuttle….”

I have zero loyalty now to these lying id--ts. I take everything with a huge grain of salt as you rarely find anyone but a rare few who are transparent. I wouldn't take a counter offer either. Why are we valuable now when they cr@pped on us with reviews, raises and bonuses. Things are going down hill. I'm just focused on my family, work-life balance, and what's best for me as I look for something else. I'm in tech and continuing to skill up in the interim.

I’m seeing the same thing.

https://www.thelayoff.com/t/1ritECny