Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

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 

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| 1157 views | | 6 replies (last December 24, 2024)
Post ID: @OP+1w7Xt3zz

Fear-driven culture

Is anybody else tired of being incentivized by fear and nothing else? It's exhausting.

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| 1150 views | | 8 replies (last December 26, 2024)
Post ID: @OP+1w7zBEuI

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 

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| 940 views | | 3 replies (last December 23, 2024)
Post ID: @OP+1w6NNnWK

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 

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| 1090 views | | 5 replies (last December 25, 2024)
Post ID: @OP+1w5ofZ4G

EAP

What does most of the managers at Citi are not supporting EAP?

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| 1000 views | | 5 replies (last December 22, 2024)
Post ID: @OP+1w5BvvMz

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 

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| 1500 views | | 3 replies (last December 24, 2024)
Post ID: @OP+1w4psnlG

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 

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| 970 views | | 6 replies (last January 21, 2025)
Post ID: @OP+1w3vkNp1

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 

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| 850 views | | 2 replies (last December 19, 2024)
Post ID: @OP+1w36AVbj

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 

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| 710 views | | 2 replies (last December 26, 2024)
Post ID: @OP+1w3A0uZJ

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 ...

by
| 1570 views | | 7 replies (last February 21, 2025)
Post ID: @OP+1w04yH6i

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

by
| 1730 views | | 5 replies (last December 17, 2024)
Post ID: @OP+1vZkW7oi

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.

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| 1770 views | | 5 replies (last December 16, 2024)
Post ID: @OP+1vXQMV20

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 

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 

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| 1550 views | | 8 replies (last December 13, 2024)
Post ID: @OP+1vX3mS04

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 

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| 1260 views | | 5 replies (last December 14, 2024)
Post ID: @OP+1vWJOi6M

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

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| 660 views | | 3 replies (last December 12, 2024)
Post ID: @OP+1vWcYzhV

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 

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| 1270 views | | 8 replies (last December 12, 2024)
Post ID: @OP+1vUHrC66

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 

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| 1000 views | | 2 replies (last December 16, 2024)
Post ID: @OP+1vTj9XOS

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