Citigroup is cutting certain roles as part of a broader corporate restructuring to eliminate tens of thousands of jobs by 2026. According to a new report from Bloomberg, Citigroup laid off several managing directors in its Wealth at Work unit this... — read more 

Given this, make yourself an important “cog”, one for which if you were missing the machine would fail. Strategize yourself, skill up and become more valuable.

None of us know what tomorrow will bring. All we can be certain is that there'll be more layoffs, but we can only guess when. There's no point in stressing over it. Make sure you're prepared in case it happens the best you can, and then simply... — read more 

Every where SVPs without basics, strange how they got promoted, is these promotions are based on age criteiria? these people are destroying with their politics, even they know resources have strong tech knowledge, they are keeping them behind screen... — read more 

20:80 ratio at Citi got us now too many managerial layers, where we started seeing heavily bloated MD’s and D’s. Few years ago at Citi we hardly see few MD’s. Now whoever comes in here having the title MD’s. It’s just wasted and added weight to the... — read more 

Which line of business can we expect more layoff at 2025 ? CTI or Risk or ??

I check this site out a couple of times per week to see what’s the happenings. $hittybank guy seems to post hourly. Don’t get me wrong, Citi could be a whole lot better with such little effort and I’ll be the first to acknowledge that there are... — read more 

It’s funny when someone makes a post that just a little too on target with the truth. Some of the responses that follow sure seem like they come from mgmt. Often times its followed up with a host of different post of nonsensical stuff of no value... — read more 

Raise%, bonus%? How you did compare to your colleague?

This of course requires a leader with vision and foresight. So the question remains, do we have that now?

I get it is never a good time to have layoffs but I find it to be poor taste to announce 12 billion in net income and then a few days later to lay people off. Did impacted people have compensation conversations yesterday and then told today well... — read more 

Managing directors in the wealth and the technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, according to the... — read more 

https://finance.yahoo.com/news/citigroup-axes-more-jobs-bloomberg-192003864.html

You guys just don’t get it. All this bickering over layoffs, pay, comps etc… Its all stup!d. The bottom line is that the plan to punish everyone else but Jane for bad business decisions, is working. Its all unfolding exactly as it should. — read more 

Co-CIO (USPB, Wealth, infra)

how much % for promotion, % for annual hike? bonus for folks in india tech team

Long-standing customer here sorry to hear about layoffs with city. They must be moving US jobs over to India because eight phone calls to the customer service line 8 different Indians that are on not understandable leads to no resolution of the... — read more 

Well I guess that answers if layoffs will be slowing... https://www.bloomberg.com/news/articles/2025-01-15/citigroup-earmarks-600-million-in-severance-for-fresh-job-cuts

Are they happening yet?

Earnings: $1.34 a share, vs $1.22 expected Revenue: $19.58 billion, vs $19.49 billion expected Citi's net income was $2.86 billion from the quarter, an improvement from a net loss of $1.84 billion a year ago.

Thoughts? Seems to be not that bad and stock likes it.

The worst thing you could do is nothing. If you don’t like your group, then go to another group. If you can’t change your group, then skill up and become invaluable to your current group and manager. It gives you a better footing and you’ll find... — read more 

Hi, does anyone know what the severance looks like if I was to be laid off. New to the company so not sure.

I find it interesting they decided to cap 401k match at 12k. I know it only impacts high earners but I am wondering what is next. What else do they want to save money on? Our benefits already lack our peers. No pension and now a sh---y 401k =a... — read more 

An ex employee who is still friends with many higher ups warned me there are layoffs this Thursday. I don’t know the validity and am posting simply to see if anyone else has heard this rumor.

https://www.ft.com/content/eb633a7e-57aa-45ac-acad-ea520ba6de7b

Jpmc called people 5 days in office and scrutinize people down to the hour trying to make sure the hours in office match their expected time. Citi has a lot of structural issues with not very smart leaders but atleast Jane is empathetic of people... — read more 

I noticed it seems to be business as usual, its almost like being an employee in Citi is like being in a bubble, not noticing how the Stocks and regulatory fines are affecting Citi. Its almost like it never happened. Citi operates like its not having... — read more 

Starting it to check how do things look: I got mine (Risk): promotion + 15% increase + 25% bonus. No signals for imminent cuts. How are things on your end?

The Better Business Bureau gives Citi an F rating because it's received a high volume of customer complaints on the BBB website and it has failed to respond to many customer... — read more 

https://www.wsj.com/business/jpmorgan-chase-disables-employee-comments-after-return-to-office-backlash-19199a4a

From starting Monday (Jan 13), all of your direct manager will reach out to you for the discussion about the hike and bonus for 2025. Be Ready !!!!

Just food for thought as you get low balled on comps and re-leveled at a reduced salary. Enjoy.

Low ball you with compensation and bonus?