Has Citi taken care of their people or conducted themselves in a way that’d make you proud? Ask yourself, is Citi the type of company you want to work for? For some, they can’t see themselves working anywhere else. For others, they can’t wait to... — read more
Termination
Quick question for those who were let go or are in their separation process: Is the document below still good? Also, can anyone confirm, that PTO and Sick days are paid with the package; mentioned on page 49?... — read more
Either the MD’s don’t have the ability to hear themselves or are really clueless.
Past MD comments during TH meetings. “Well the good thing about laying off as many times as we have is that we’ve gotten better at it.” This is a crazy MD comment. Normal MD’s in other companies look at layoffs as a problem. They look at it... — read more
Fear-driven culture
Is anybody else tired of being incentivized by fear and nothing else? It's exhausting.
Overworked and going nuts
It has always been bad around here with the expectation to work long after the official office hours. But this past year has been horrendous. Workload remained the same, while there are significantly fewer people around. I don’t even want to think... — read more
Comparing Citi to another big company I worked at, there’s just one difference.
The other company I worked at, and no I’m not going to tell you the company name, was a large company although not as large as Citi. The politics was the same, the processes and procedures were a little different. There was also the same... — read more
Where can i find a list of new managing directors?
Just wanna know if anyone from tampa or aml made it.
The house that Jane built. Citi is a burnout culture.
At Citi you are judged by the sacrifices you make. Hobbies, vacations and even family time are viewed as distractions and reasons to penalize. This is the house that Jane built In healthy cultures people are judged by the commitments they keep... — read more
EAP
What does most of the managers at Citi are not supporting EAP?
Guys, just let it the freak go and move on to some other company. Seriously.
A bell curve or not and the ole HR soft shoe shuffle of, as having already been posted….“A bell curve that’s flexible, sometimes inverse but adjustable to be recurve if needed….blah….blah…blah….its all designed to confuse and frustrate you so you... — read more
Bell curve ranking
Why is everyone surprised by Citi using bell curve to rank employees? Bell curves are used in schools, universities and companies all over US - what's the fuss? The problem is not the curve - the problem is the number of promotions / pay rise buckets... — read more
7K down, 20K….MORE are left?
“So far in 2024, Citi’s employees have already had to cope with a workforce reduction of 7,000 employees; and over 20,000 further jobs are set to be cut by... — read more
‘We fought’ | Citigroup MDs question controversial approach to end-of-year performance reviews
Copy and pasted so formatting may be off: https://www.hrgrapevine.com/us/content/article/2024-12-19-citigroup-mds-question-controversial-approach-to-end-of-year-performance-reviews News Compensation, Benefits and Payroll ‘We fought’ | Citigroup MDs... — read more
The fastest way to ruin a project is to ignore the people it’s meant to help.
THIS is Jane’s regime. They ask for feedback, you give it, and if its something they don’t want to hear, they ignore it and you get labeled a naysayer. This mindset comes from the top and trickles on down. A plea for feedback is more of a call... — read more
Don’t be manipulated. Don’t be as weak minded as they expect you to be.
There was a TH in Belfast and the message delivered was that “Bora Bora is done, its over with. Congratulations, you made the cut. Now we will layoff a few here and there but Citi always layoff every year like that.” Don’t buy into it. Its a... — read more
To the poster who’s fond of name calling…..
There’s times where you have a valid argument but when you start the name calling and using phrases such as Dvmb, $hittybank, Fvck Up, etc…. you sound like an angry teenager and people just roll their eyes and think “oh, him again” and quit... — read more
Citi has yet to learn.
Citi always spends more money and investment on processes from consultants rather than technology. Citi has to learn that you need to do more than say “we are a tech company”. You have to actually buy the tech and train your people on the tech and... — read more
AI brings potential opportunities but are we ready ?
Still working with consultants, who are trained by the vendors, Citi employees spend most of time playing politics. The main fun lies in driving out new joiners and not adopting the change. To outside financial markets and technology markets we are... — read more
Jane has failed. I think Jane has done the best she can, I guess, but has failed nonetheless.
I think being a consultant for McKinsey gave her an overinflated sense of management skills. Sure, she can wedge in all the corp buzz words in a sentence but that doesn’t make you a leader and in all honesty, who cares. You can give the best... — read more
No VOE results conversation?
The numbers aren't too low, as I thought they would be.
why its not changing?
why most D/SVP dont even have basic knowledge? Now i see team leads want to secure their old buddies and fire new ones, who ever comes here for better future were targeted with politics and make sure they left asap, most of the leads are narrow... — read more
EOY Meetings & Ratings
Did anyone have an OK EOY review with their manager or was it just "Blah Blah Blah" again like mine? Lol. Did the majority of people get 3-Valued Contributor again or did you get what you think you deserve?
Mike Whitaker is CIO of BGC
https://www.prnewswire.com/news-releases/mike-whitaker-joins-bgc-group-as-global-chief-information-officer-and-member-of-executive-committee-302321175.html OMG. God help BCG. But then, God help companies that hire BCG ...
Things will get worse…
Unless you’re c15+ https://www.cnbc.com/2024/12/15/amazon-and-the-endangered-future-of-the-middle-manager.html
'We Aren't Done,' Citi's Fraser Says of Massive Restructuring
“ It has already laid off 11,000, according to Bloomberg. But the bank's stock is still lagging behind its peers, with its price dropping even on better-than-expected revenue reports and currently trading below where it was five years ago, and it's... — read more
Nick Nadgauda resigned?
He was the head of Services Technology.
Compensation and Bonus
This year everyone will be receive compensation and bonus based on AI scripts and that logic comes from your EOY rating. Manager doesn’t have much control over compensation distribution this time.
Remember when Citi hired the McKinsey group, under Jane’s suggestion I’m sure as she’s an alumni, and they gave us lean.
All in which was a complete failure. Well, here’s McKinsey in action. “McKinsey & Co. agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue... — read more
Citi Angles for Fewer Layoffs by Sweetening Path to Exit
https://www.bloomberg.com/news/videos/2023-12-13/citi-angles-for-fewer-layoffs-by-sweetening-path-to-exit-video
How does VOE factor into the bonuses of executives?
How does VOE ratings affect a senior managers bonus and performance rating ? What is the exact reason they get so ticked off when VOE ratings or comments are bad ?
Year end ratings: 2/2 considered good?
Was told there was a strict bell curve this year. First review cycle and received a 2/2 rating this year. Manager said he had to fight for this rating..is this considered good? I’m personally disappointed as I’ve historically received the highest... — read more
No other bank on this site has so much chaos
I checked the postings of other banks on this site. Citi takes the cake for the maximum amount of chaos going on. No other bank comes even close to Citi in the amount/degree of frustration and resentment voiced by Citi employees. Very sad situation... — read more
Bora Bora wordplay.
Bora Bora is over with. Is it? Is it really? Bora Bora = layoff a thousand within a few weeks. AND Bora Bora = layoff a thousand spread out over 2025 is the same. The end result is the same. Layoffs will still take place in smaller groups at... — read more
How To Form A Union (step by step guide)
This is an employee effort and cannot get fired for it. https://www.workcenter.gov/step-by-step-guide/ FAQ to forming a Union: https://betterbanks.org/organize/questions
Small raise % and bonus AGAIN
Anyone else heard that pool of money for raises and bonuses will be almost half of what it was last year?
What I love about this board…..
Someone will make what seems to be an outlandish forecast and they get heckled as a troll or a rumor monger. A month or so later it unfolds as written. The poster, or someone who claims to be the poster, replies back with an “I told you so”... — read more
Not allowed to email external recipients !
I tried to email myself and now receive error message that i am not allowed to email external recipients! If that is the case for everybody???
Any updates?
There have been many posts lately but nothing recent regarding actual layoffs or direct announcements (I have read the news articles). Has anyone been let go recently and is willing to share? One of my friends was let go in March, he got a zoom... — read more
Now lets see who will prove to be more stubborn
Them or me? I do intend to do bare minimum, and I’ll do everything in my power to go out with severance. I will use all the time available to search for another job. The only way they will be able to chase me away is if I find a better option. Given... — read more