It’s fun to look at the other boards. Holy cow at JPM. Toxic as sh-t. Trolls running amock. Very entertaining in a train wreck type of manner. Makes me appreciate my sh---y bank even more.
Pointless Town Hall Meetings
Oh yippie! More Town Hall BS. How can these people even stand to do these meetings? I just let it play in the background. lol. Our AI is not as good as what they are making it out to be. It su-ks really compared to other companies. Additionally, when... — read more
The ONLY thing that Citi HR moves fast on is laying people off. It’s almost as if they look forward to it.
If you reach out to them for anything else at all, they act as if they’ve been so begrudgingly inconvenienced.Others have pretty much already echo’d the very strong across the board sentiment that HR at Citi is quite useless. HR at Citi does what we... — read more
Too complex Internal Mobility process why?
It months to say yes or no , even for candidates with in Citi , why system is too complex, this is one of the main reason Citi downfall. HR should act fast and push managers to give feedback and close.
A Request to Citi HR
Many consultant-hired employees lack proper education, and their work histories are often fabricated. Citi only reviews the past 5-6 years of experience, so a full employment history review is recommended. Additionally, please assess all DEI... — read more
Did Citi just announce end of DEI?
Did Citi just announce end of DEI?
Let me tell you something
Our CFO just sold Citi stocks, day after it was reported his compensation That means FED is going to cut rates Easy money over
AI taking over the corp world.
I’ve read a few articles from different authors stating that AI can be and will be easily trainable to take over the lower positions. The example they used is, believe it or not, HR. The HR formulas of thought are easy. If this happens, then fill... — read more
Reshuffling or Layoffs?
What's going on with risk and controls? Seems to be a lot of changes, reshuffling in Q1, and long periods of OOO? Probably due to data moving under Ash and his team. They are probably like WTF!
I can assure you Jane is laughing her @ss off.
33% pay hike for recovering from the downfall lackluster performance that she caused at the expense of your jobs (for those let go) and your own raises.
Brace for impact
It's the layoff season again at $#iti. My manager called me this morning to read out the standard script... We're sorry, it wasn't an easy decision and the same cr-p they keep saying about simplification. For anyone else who has been impacted, be... — read more
Over It!
JF gets a huge raise and others get barely cost of living. Managers/Directors/MDs are incompetent and say they want to hear what's going on and proposals for improvement then are non-responsive and nasty. People are just down right RUDE a$$holes... — read more
All of these attacks on Jane, yet
When you see her on townhall meetings, or in the lobby or elevator, everyone is smiling and happy to be in her "glory presence ". Such phoniness!
Citi Sites Reduction News
By 2027 end, Citi planning to reduce no# of sites from 250 to 200 or lesser.
“Meeting expectations” gets Jane a 33% pay raise. You, however don’t get the same.
The playing field has always been slanted in favor of the upper echelon, this however is ridiculous.
Flat Compensation Year
It is super frustrating having to tell my team that compensation was flat this year but our CEO received a crazy big raise.
THERE IT IS….as predicted in this parody of McKinsey which is Jane’s roots. 33% increase in pay for her.
https://www.thelayoff.com/t/1vXqD3Xl Notice Jane Fraser’s picture on the wall. Then notice the breakdown later on of the pay. “Laying off people at the bottom of the company and giving tha money to those at the top.” “Hey, that’s me, that’s me at... — read more
Citi Lifts CEO Jane Fraser’s Pay by a Third to $34.5 Million
Citigroup Inc. lifted Chief Executive Officer Jane Fraser’s total compensation to $34.5 million for 2024 — up a third from the previous year — as she continues to drive a plan for higher returns at the Wall Street bank. Fraser’s pay, the vast... — read more
Inefficient processes
Please comment here about specifc processes/departments that are inefficient. I've noticed that the end-to-end project delivery life cycle is wrought with duplication and lack of clear process ownership. I'm wondering what other processes are... — read more
JPMorgan CEO Jamie Dimon is facing an internal revolt- - -RTO policy is not going over too well
https://m.economictimes.com/news/international/us/jpmorgan-ceo-jamie-dimon-is-facing-an-internal-revolt-heres-the-main-reason-for-it-and-what-workers-are-planning-to-do/articleshow/117311704.cms
Too Outdated
Citi employees , managers (SVP's , D's and MD's) in Tech divisions are too outdated. They spend more time in politics rather than spawning new projects and providing technical leadership and guidance. I personally think SVP role can be completely... — read more
Trump to become more restrictive on offshoring?
They keep mentioning it in the news that the commander in chief is casting his eyes over becoming more restrictive on offshoring hires. Now what ‘more restrictive’ means, I have no idea. I mean what could he possibly do? What options does he have... — read more
Hiring vs retaining talent suggestion.
Instead of hiring people who eventually quit, how about finding out why the current ones don’t want to stay. Maybe this is too way out there, too big of an ask.
Silence before the storm
No announcements or Townhall?
DEI
What will happen to the DEI programs, especially in light of the recent trends where many organizations are rolling back their diversity, equity, and inclusion initiatives...
It’s not personal.
Just because it does not work out for you at Citi, does not mean its not working out for others. Its not all bad and even if it is, then leave. Simple as that. It is what I’m doing right now. There are some things that aren’t working out for me... — read more
Services Reorganization
Major overhaul coming!
No Raise for Lateral Moves
I was just told by my recruiter there are no longer salary increases when staying in the same job level. They said there is no exception to it either. It is a new policy they are rolling out. We were always able to negotiate some money before... — read more
Where does Jane fit? Where does your manager fit?
Great leaders are willing to sacrifice the numbers to save the people. Bad leaders are willing to sacrifice the people to save the numbers.
Internal Mobility to a Previous Team
Hi, I'm in the Grad analyst program of 2 years in 2 teams and I would like to move to my previous team before I graduate from the program, since my current team is sh---y. Does anyone know if it is possible to do that?
Finally, a decision that makes sense.
As has been mentioned time and time again, if you can’t pay adequate comps the easiest and cheapest thing you can do is let your people work from home. Its a win all the way around. Employees get to save money on travel, lunch, auto wear and tear... — read more
When is Layoff Happening
When is layoff happening, this month or next. With $600 milion reserved it would seem like another 7k to 10k layoff and only in first quarter. Are people getting calls and laid off. Are they targeting people who work remote, on leave, near... — read more
Did executives just see AI language processors and the likes and think BAAM we can put it to work, replace workers, and save us money?
It seems they think it's that simple from the whole rhetoric around it. Do they even realize Citi is far from having the talent to implement it and even if it did at one point, it might be always too much risk to use it as they might be envisioning... — read more
A meme that explains why Citi can’t draw or retain top talent for very long.
There’s a meme I saw that rings true: “I found a software error that’s costing the company 18 million a year at the company I work for but I haven’t told them because they told me “no” when I asked for a raise” Citi though has another spin on it:... — read more
Two MD in Finance I worked with are gone last week
Layoffs are still going? More to leave?
We were told no more promotion for excellence of work but only for change of responsibility. But what happened to the 8500 promoted this year?
I got 1:1 performance review. Been a VP for 10 years, Was told no promotion because of the Citi promotion is only for change of work scope. But my colleague in different team who has been doing the same routine work for 5 years are promoted in seat... — read more
What the heck??!! Citi Promoted More Than 8500 Employees
These people do whatever. NEW YORK (Reuters) - Citigroup promoted more than 8,500 workers as of January 1 as part of its year-end process, the bank said in a statement on its website on Wednesday. "This is in addition to the nearly 23,000 Citi... — read more