More than 500 people laid off by Citi in January 2019. Now another 450 people in IT with their last day on 6/28. Heard another layoff in Oct/Nov 2019. Looks like they are targeting folks 50+ years of age from the U S locations.
One that I know has 33 years with Citi. I have 13 years and this is my second JD (layoff with them). No matter your tenure or review it can happen to anyone. Announcement made by CEO that Citi madrpe $4B in the first quarter of 2019.
Also, their goal is to ship all development to India. That don’t care about their employees: they hired ‘Tech Heads’ in each group for Digital work to include IT Digital Cards, Retail Bank and CRS. Salaries extremely high. I can tell you this, I would NEVER recommend to a friend or stranger to apply there. Every year they have 2-3 layoffs.
Good riddance to Corporate America meaning Citi and I hope with all of the expertise of folks that they have laid off, maybe Citi will start with negative profit. They even quit giving measly bonuses of $1k plus a year.
No more working from home and they monitor you by running a report to Che k if you logged in from the office or an outside IP address. The last 5 years my team is spread all over and not in one libation plus offshore on the team and they are not reachable after 10:30 AM.
Maybe Citi should just move offshore since that is where they are heading.