Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Failure by design.

You are given 4 or more different inventory, reporting and tracking systems, most of which are antiquated and wrong or partially wrong. Half of them you can’t update or correct and if you can, its done via yet another antiquated outdated means. If... — read more 

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| 860 views | | 7 replies (last September 24, 2024)
Post ID: @OP+1uCQhUHR

Today’s trivia question. . .

(. . . regarding the most recent heads of data transformation. . .) Anand, Japan, Ash what do all three have in common?

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| 1260 views | | 12 replies (last September 26, 2024)
Post ID: @OP+1uz0Vop7

WFH vs. RTO

Don’t mistake presence for performance. Showing up is not a sign of commitment or contribution. It’s an act of compliance. What matters is the value people create, not the place they inhabit.

One more BU gone

https://www.tipranks.com/news/ma-news-citigroup-nysec-sells-trust-business-to-jtc-for-80m

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| 523 views | | 1 reply (September 21, 2024)
Post ID: @OP+1uxohFFb

What took so long....

Anand finally taking the bullet for the data issues. Empty suit and will be the next one out the door. Citi is billing it he was stretched too thin. Never impressed me as a senior leader. Highly doubt another US based financial institution would pick... — read more 

Tensions and stress is high across the board.

Will there be any layoffs before Christmas? Will we stop losing MD’s that leave for other companies? Will there be negative repercussions from the VOE if you truly speak your mind? Will there be any cost of living raise? bonus’s? Can the stock... — read more 

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| 1080 views | | 5 replies (last September 17, 2024)
Post ID: @OP+1uwtfALO

Just another in a long list of MD leaving Citi.

You’d think the board would have expressed some concern to Jane by now as to “why” so many are leaving. https://www.bankingdive.com/news/citi-chief-accounting-officer-johnbull-okpara-leaves-scally-walsh/726743/

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| 1070 views | | 6 replies (last September 16, 2024)
Post ID: @OP+1uv5lxue

If you continue, your 401K might be in Peril

Citi stock might go down further for next 2-3 years as Citi still struggles to rebuild itself. Better to Quit now when stocks are good and take your 401K to IRA's.

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| 620 views | | 6 replies (last September 10, 2024)
Post ID: @OP+1uqWhojK

We need real Finance experts

Citi's workforce has become dominated by employees with a computer science background, many of whom are supplied by vendors rather than being directly employed by the company. This has led to a lack of technical expertise as well as business acumen... — read more 

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| 660 views | | 5 replies (last September 10, 2024)
Post ID: @OP+1uqPQEbf

VOE to come out soon.

Very crafty indeed. Take care to note that the wording will be phrased to place any blame or praise solely on you. The examples given to me were along the lines of…. “In the direction the company is going, how do you rate YOUR contribution to the... — read more 

Layoffs Are here. Get ready

Layoffs are here. September, more will be let go and before end of year. Hearing September 13th would be a big day, some are experiencing layoffs this week as a precursor. Less packages and pips to go around for coming end of year performance review... — read more 

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| 2680 views | | 19 replies (last September 16, 2024)
Post ID: @OP+1umlKXHk

One person vs the overseas team

at this point, it feels like me vs the overseas team. They run the show while I am their pawn to do tasks. I get worked assigned directly from them and not my manager. I work in silo due to the time zone difference. If I need to update them on my... — read more 

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| 800 views | | 5 replies (last September 18, 2024)
Post ID: @OP+1ujZHj4s

Replace HR.

Since HR is so lame and useless, why not get rid of them? There’s cheaper outsourced companies as well as software that can do just as good if not better for a much cheaper price I’m sure. It may even better to use AI, why not. Whatever you chose... — read more 

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| 780 views | | 8 replies (last September 4, 2024)
Post ID: @OP+1ujZkiw7

The reason Citi’s culture is not coherent is…

Because of the way they bring employees on from international offices and promote them quickly. There is no consistent culture or set of norms. Just employee competition and infighting. Eventually the brains drain and Citi is left with the... — read more 

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| 980 views | | 8 replies (last September 7, 2024)
Post ID: @OP+1uiKb8tM

Why we need a full fledged BA team?

I know there are requirements where we need,but for our case team is pretty old ,we used to deal with clients,why we need a full fledged BA team who are comparatively newer than developer. And these BA s are thinking themselves as parallel leads. I... — read more 

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| 770 views | | 7 replies (last September 8, 2024)
Post ID: @OP+1ugl76CE

401k

Question on 401k rollover- if you are leaving Citi do you rollover the amount to the new company or leave it until you get Citi match end of March 2025?

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| 770 views | | 6 replies (last September 4, 2024)
Post ID: @OP+1ugt64YJ

To Repair Its Reputation, Citibank Must Fix Its Culture

Great article from International Business Times (from this week)! https://www.ibtimes.com/repair-its-reputation-citibank-must-fix-its-culture-3740845 "Citigroup management needs to remember how the company became America's fourth-largest bank in the... — read more 

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| 1090 views | | 9 replies (last February 12, 2025)
Post ID: @OP+1ufArZYh

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