Technology & Business Enablement Fireside Chat with Tim Ryan

https://apnews.com/article/citigroup-jane-fraser-federal-reserve-92db0bc00514734a452753438a26b417 I wonder how come so called Risk leaders(inefficient) are getting handsome compensation and fat bonuses:-(

anyone knows how to apply for internal mobility in citi? without letting your manager know at tge initial stage

Remove SVP layer and merger with VP and remove non skilled and people who focus on politics rather work, I know 95% SVP people are politicians, they don’t even have basic knowledge for current market, we can not blame them completely as citi not... — read more 

How likely do you think Citi will be dissolved in the next 1.5-2 years? Broken up into pieces and sold, resulting in Citi no longer existing as a bank/financial institution?

Unfortunately the longer you wait the harder it will be to find a job with Citi on your resume…

https://nypost.com/2024/07/09/business/citigroup-protesters-claim-they-were-shoved-by-top-lawyer-at-bank/

I’ve been at two other major companies before coming to Citi. I also network quite a bit outside of Citi. After being here for quite a while and listening, watching and observing, I can honestly say I have never ever seen or heard of a CEO who is as... — read more 

Hearing that Citi is going to start terminating employees due to performance in order to not have to pay incentive. Are they going to "manufacture" 3-3 rated employees into 3-4, 4-4 etc.? Do you think departments are being given a directive/goal... — read more 

Do we know this for sure? “No layoffs for a while. Layoffs will be in January based on performance so management doesn’t have to pay severance pay. Technology teams in ny/nj will be affected and moved to Texas or Florida. Only management and... — read more 

Seems they are not satisfied with progress under consent order. My reasonable take? All this talk of future layoffs is way overstated. We’re good!

Where will the next 20K to be laid off come from? What departments? Where? North America? Overseas?

The U.S. Federal Reserve is considering a rule change that could save the country's eight largest banks combined billions of dollars in capital, in a potential long-sought win for the industry, according to four people with knowledge of the... — read more 

This rings so very true on Monday when all you hear from everyone is. “Well, I’m here” I wonder if this ever resonates when surveys go out about the company culture, whatever that is these days.

I can't with the newer big dogs they brought in from Goldman in TTS Operations over the past year, slowly turning the org into a 'new' old boys club. How did we manage before these ball busters came along, ba----g their chests and pointing out the... — read more 

We all need money, there’s no way around it if you want to survive in this world. This even more so if you have a family, so you work to provide your kids and spouse the comforts of life and insurance, you can’t forget insurance. So everyone is... — read more 

I heard that earlier this year, the Dublin branch announced 168 layoffs. It turns out there was one person was mistakenly included in the layoff list. Within a couple of days, senior management realized the error and had to rescind the layoff notice... — read more 

I would like to encourage Citi mgmt to open a portal where employees could report deaf people, it can reduce your effor a lot ... Yes I mean WIPRO / TCS etc Not all, just if you think you are the one

Thinking about Citi Internal Audit. Anyone have any insight on the department? What do they do well / need help with? How’s the morale? Etc

Is anyone on a 90 day non working period? I see most people were on 60 days but wondering if there are any with longer nw periods and the reasoning behind it. Thanks.

So a non-US holiday roles around and you get people who take off. Ok, makes sense. “Banking holiday over here in EMEA, taking off, no choice, its happening.” Sure, why not. A US holiday roles around, banking or not, and you get… panic from... — read more 

I was laid off on March 25 from NYC 388 office. My last paycheck was on Friday 6/28 and I was terminated as of 6/29. Still haven't received the severance agreement to sign. Following up with the useless HR who keep responding with "The offboarding... — read more 

A wise man once said I would rather work for myself making $40,000 then someone else making $200,000 Until you do that, you're never free!

Nothing much here these days !

So how can we expect that reorg/cuts will be managed well when done by some people who led us into this mess in the first place? We’ve been going through a lot of stress, anxiety, chaos with teams and management of workload, all with no end in sight... — read more 

Did someone get layoff at the end of June? I heard some people got layoff last week of June. Are there further reorg?

Link below, no returns on Banking business. https://www.ft.com/content/24e1e9cb-3634-45bc-8794-cd3bbc06747f

I can see the management has more faith on vendor compared to Citi own staff day after day.

I have no idea if she still does but here’s a video breakdown of how they operate and lay off employees: https://m.youtube.com/watch?v=K7ISnXf6Geo

https://www.msn.com/en-us/money/news/the-clock-is-ticking-on-jane-fraser-s-citigroup-turnaround/ar-BB1oP6mz?ocid=BingNewsVerp

Out of all the companies I’ve worked for, Citi is not the worse. It’s not the best either. In a scale of 1-10, I’d give Citi a solid 6. On faith in management, I’d give them a 4, which is easy to understand. The emails from management vs. the... — read more 

Why people are so unethical here?

There are many posts dedicated to venting frustration. I can certainly understand as to why. I can confirm that at large portion of the posts, I’ve seen either 1st, 2nd, or 3rd hand. While working at Citi and navigating all that is…”Citi”….it is... — read more 

Just curious if someone demoted from Manager to IC in the same team , can that same person again become Matrix Manager of same people as an IC ? Sounds like HR is clueless at Work Day or Global Directory. What the he-l happening !!

A whistleblower mentioned the name Mulki. Who is she??

Is anyone in this bizarre but real situation?

Have anyone heard if there will be a new round of layoffs now at the end of Q2 or will they drag it till Q3? The org is doing a huge push for people to quit. I rather get the boot with a nice severance as comp for the nightmare it has been. It’s like... — read more 

How do vacation hours accrue monthly?