Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Return to Office Terminations

Would Citi actually terminate people for not religiously following the return to office policy? There are a lot of teams that have a mix of some folks hybrid and others grandfathered in full time remote. Does not sound consistent. There are sites... — read more 

Citi Reputation

Since being laid off, I’ve taken some time off and now I’m actively seeking new job opportunities. A recruiter friend of mine mentioned that applicants with a background at Citi aren’t looked upon favorably in her organization, and warned me that... — read more 

Mandatory rotation policy for vendor consultants

How does mandatory rotation policy for vendor consultants for every one or two years work? This will avoid taking control of the entire project and also hiding the important data about the projects. This will also stop vendor favoritism.

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| 580 views | | no replies yet
Post ID: @OP+1sKpEOay

Is Citi eliminating SVP title?

Most of SVP magically promoted to director last week, including some just demoted to I C. Is the goal eliminating SVP title? Otherwise they lost their mind!

Not shocked with what I observed at Citi

https://finance.yahoo.com/news/ex-citi-banker-says-she-225730781.html former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators... — read more 

Understanding the Flaws in the 6 to 8 Directs Rule

The implementation of the 6 to 8 directs rule appears to be fundamentally flawed, and it is imperative that the company considers the potential repercussions it may entail. Effective management cannot be achieved when constrained by arbitrary... — read more 

Fat finger error….

https://amp.cnn.com/cnn/2024/05/22/investing/citigroup-fine-stock-dump-fat-finger

Citi lawsuit

https://finance.yahoo.com/news/ex-citi-banker-says-she-225730781.html

Good fireside chat with Johnbull in Tampa

Much negativity here which I get but there was some good discussion on mentorship, communication (CITI needs a lot of work here), taking risks in your career and of course dealing with change amid chaos. Gave us reassurance that we are through with... — read more 

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| 980 views | | 9 replies (last May 25, 2024)
Post ID: @OP+1sEakT09

Citi discrimination

https://www.msn.com/en-ph/money/companies/people-of-the-wrong-race-citi-hit-with-racial-discrimination-lawsuit-over-atm-fees/ar-BB1mJDMI

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Post ID: @OP+1sEdACuF

New manager

Re org gave me a new manager and she’s making my life he-l. She used to be peer. Asking status in every 2 hours. Micro management at its worst level. I’m the only one suffering I feel as I used to be peer. I’m understanding but not sure what to do — read more 

It's bullish

https://youtu.be/faEBUH7zCY4?si=Vwz79XIEeBoK6cPD

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| 554 views | | no replies yet
Post ID: @OP+1sCUt1pK

Layoff Update

Soon next round of layoff from O&T and Consumer Exits Market’s Department. Banamex got delay by 2 months i.e Sep 01, 2024 for Legal Day 1.

SVP promotions to Director over the weekend

Congratulations to all the SVP population who were magically promoted over the weekend creating more D to D layers! Well done you have truly made a difference to the organisation.

citi push out

EMEA region management actions all are done in one direction push out so many employes as possible I was tagged as a private person meaning i lost posibilities for free investments Same time MD of trading team located in 388g is Public, no... — read more 

Has anyone visited a branch lately

Citi is a total cluster. Employees are ticked off, service levels are poor, everything must be done manually vs electronically, and the list goes on. Not surprised Citi is imploding, they cant even get the most basic of retail banking services... — read more 

Crypto vs Citi

How do see Citi position while all financial world is going into crypto ? I think 180k will be to much for company like Citi 100k seems to be to much In my opinion banking sector is heading into one big colapse

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Post ID: @OP+1syaLqNo

Citi stock is up, that’s true.

but, in comparison to where we were 5 years ago we are still -1.28% lower. Compared to JPM from the same time frame, they are 82% higher and they are of the same relative size as Citi. So yes, the layoff has made the stock price rise but its yet... — read more 

Citi fired Mike Whitaker

Citi fired Mike Whitaker and split operations and Technology. More info to come, so stay tuned.

Sign-on bonus repayment

Did any of you end up repaying signon for leaving Citi within one year? how quickly do they come back with repayment request? Can you opt for installment payments? also what happens to the deducted tax if you end up paying back? thabks a million — read more 

No system

Not layoff related but have any of you been without a system today? I have had a teammate without access since yesterday and today I lost access. Is this just a reflection of what happens when you let go of IT people or are we getting the boot before... — read more 

This is surreal.

I join meeting after meeting and hear either directly or indirectly from various groups (risk, tech, reporting etc…) “x is broken and we don’t care” “this is not working but its ok, we don’t care” . When reported to one of the reporting groups that... — read more 

Who works here?

The people I sat around did nothing all day, sat around and chit chatted all day after day, month after months, they had no work, always all caught up. This was the majority of people in my location. I didn't have a spare breath to take during my... — read more 

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| 970 views | | 2 replies (last May 15, 2024)
Post ID: @OP+1swyQoTE

NY only 60 days notice in Buffalo NY

It seems people in NYC were given 90 days notice, and people in Buffalo NY were only given 60 days notice. I wonder why, shouldn't it be the same under warn? Anyone from Buffalo given 90 days vs 60 days notice?

2 big 2 fail

This is a relative statement Truth is not relative Citi is a child of the USA I don't believe that a mother will die for her child when it comes to breathing Not for a child like that

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Post ID: @OP+1sv4RHc0

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