ticket prices raised significantly…
A bank lacking soul
Citi is a bank with no soul. It is the soulless mega corporation par excellence. Complete with every known and unknown failure of such an organization. Even the consent orders are a symptom of this failure. Because the bank has no soul, it cannot... — read more
As you “get off of the train” and look for employment outside of Citi, don’t underestimate mid size or even smaller companies.
Used to, the midsize to small companies had to offer more pay than the larger companies because they could not give the same benefits. This has shifted. Now, it seems that mid size to small companies ARE offering equal to more benefits than... — read more
Just when I think upper MD’s couldn’t get anymore clueless, they raise the bar.
I’ve heard the same story as most of you. “So and so, to one of his direct reports for a ride while talking about the Citi. They drove by Wells Fargo and he told his direct as he pointed at Wells Fargo, ‘There’s your problem, now fix it’. “ All... — read more
C16 Bonuses?
Any Ideas?
I keep running into conversations that UK\Belfast will take a hit.
Anyone have any insight on this?
Brain Drain
Nuff said.
TheLayoff missing Citi posts
Interesting. There’s been 3 fairly new posts, the latest one over AI and the direction of the company, that’s just up and been purged from this board. Funny how that happens.
Citi treats employees like property
You come into Citi treated like property. There’s no welcome meeting, there’s no “here’s your Citi tshirt and Citi mouse. Welcome to the family.” as small as it may be there’s no such thing. Instead you get: “see if you can login. You can, good... — read more
Does mgmt wake up every day thinking they work for a good company and do a good job?
Where is the revelation and reformation for the fact that the bank is broken and has su-ked for a long time? Restructure as much as you want, but Citi still has a terrible reputation in the marketplace for being totally absent. Real cultural change... — read more
The talk about AI is just that, talk.
Citi can't even manage it processes and data flows with Excel. The mapping and architecture is patchwork and chaotic. The talk about AI is just that, talk. Not only does Citi not have the resources and knowhow, it would be a complete global risk to... — read more
No wonder why so many people are leaving Citi.
“A recent study by Citibank found that 54% of the jobs in banking can be replaced by AI, and another 12% augmented by AI—so lay off the current worker and hire somebody else. That’s 66% of jobs at risk of replacement or... — read more
Acquisitions?
Anybody in the know hear anything about Citi acquiring a firm in the near future? Hearing some whispers
Big 4 Consideration
For those of you that were let go during the restructuring, did you / have you given consideration to the Big 4 firms? I think this would apply specifically to those that worked in regulatory, risk, or compliance. If you would not give... — read more
There's only so much each of us can do
Our team is already stretched thin as we are continuously forced to shoulder the responsibilities of those who have left or been shown the door, all while Citi declines to hire replacements. As a result, we have an ever-increasing workload without... — read more
Once again, skilled, tenured staff leaving for greener pastures.
https://www.msn.com/en-us/money/companies/citi-advisors-managing-3-billion-depart-for-alpha-capital-family-office/ar-BB1qpHPz?ocid=BingNewsVerp
Happy face
Are there people at Citi who can count? Citi is proud to promote carbon neutrality, This is an obvious lie and everyone knows it Nobody cares, you, they, us, nobody actually it does not matter, this company needs to fail
Managers who do nothing else but micromanage others
If they're spending all of their time micromanaging us, then they obviously don't have anything better to do and could be fired or laid off. I don't need somebody breathing down my neck the whole day and telling me how to do things I've done hundreds... — read more
Citi weakest of big banks
Citi is the weakest of the major big banks in the U.S.: analyst https://m.youtube.com/watch?v=yfC4zOU9WUw
Class action lawsuit
If you have spent legal expenses to get out of Citi’s unlawful garden leave provisions, please stay tuned for more info as a class action lawsuit is being formed.
Citi Stocks
Typically, stock performance serves as a barometer for Citi's future outlook. Recently, there has been a significant increase in stock value, rising from $38 in November 2023 to $65 presently, marking a substantial difference. This marks the first... — read more
Unemployment filing question
First time filer here - I worked the entire time remotely (NJ). Hired in NYC In which state do I file unemployment? 100% remote (NJ) haven’t worked 1 day in NYC
4 Years without any progress on Consent Orders
Citi worked on the consent order for 4 years and made 0 progress. I guess stealing credit and politics don’t really matter or create any value. Wasting money on a-s kissing executives doesn’t seem to work either since that’s always been the game... — read more
Layoff News - July 20
Those under CTI asked to left in last 8-9 months, for those positions i did noticed or hear that new Rex will open and either current staff get promoted or new hire. Surprise !!
Do you think more cuts are coming later this year?
Seeing a lot of tasks being reduced.
New trend in Citi to layoff new employees
Drag newly join member to controversy and then fire him to reduce head count and to keep their jobs, these non productive managers are the main problem.
The reason why Citi will always lose out employees leaving for more money.
“Train people well enough so they can leave, treat them well enough so they don't want to.” Citi does NOT adhere to this. Its bad enough that YOU for the most part have to get your own training at your own dime, but the treatment is a whole new ball... — read more
Why can’t you just make the widgets? Why do you have to have a “company value”.
Why can’t you just say “we make quality widgets and sell them for 15$” ? Why do you have to state a company value and make sure to use the words “company culture” in the same sentence? There’s market share out there, there’s money out there and... — read more
Development plan of employees? Seriously?
Can we ask the plan and task of action for the company down the line 1 yr??
$40M - Former Citicorp CEO Lists Oceanfront Compound on Massachusetts Coast for $40 Million
If you're looking for a new home, Reed's lovely house is now on the market: https://www.wsj.com/real-estate/luxury-homes/former-citicorp-ceo-lists-duxbury-massachusetts-home-47c6542e if paywalled, here is an archived... — read more
Mid Year Conversation
How’s is it going folks !
Laid Off?
You can tell a lot about a company by the way they treat the ones they laid off. What's everyone's experience so far?
Layoff slots
Seems every company in US has to show some numbers every year till 2026 to reduce inflation. Citi might plan for next January
Is it really ok for nonUS employees to have access to your personal account.
I once had an Amex credit card, I cancelled it as the support was from overseas. I did not like the fact that my personal account info was readily available to a non US citizen. The support lead assured me that all is well as they were official Amex... — read more
Crypto and Citi
are there any departments taking it serious and working to it
RTO
I know this is a hot topic. Curious if anyone has heard anything about RTO and if people are getting slaps on the wrist for falling short of 3x minimum?
Technology & Business Enablement Fireside Chat with Tim Ryan
Technology & Business Enablement Fireside Chat with Tim Ryan