https://m.youtube.com/watch?v=yfC4zOU9WUw
Proxy Managers, do u have?
Wondering how many of Citi staff are reporting to proxy managers. You were in a big team earlier and now because of reorg ended up with a different manager who is a proxy, and still unofficially report to your old manager. I am seeing many level 8's... — read more
8K in Citi tech to be let go?
So, going by this: https://www.efinancialcareers.com/news/citi-s-7-000-laid-off-staff-were-paid-an-average-of-214k-each “Citi's layoffs aren't over. The bank wants to cut 20,000 people in total, and so has 13,000 still to go, of which 5,000 are... — read more
The Train, the train!
If a train leaves London at noon carrying 20 passengers, 5 of whom smoke, in 4 cars, what is the name of the Jane's dog?
Considering contracting jobs
Does anyone knows if while in your notice period you can work a contracting job at the same time without loosing your separation package ?
New York Notice
Was anyone in New York told it was 60 days notice pay? I've heard other people say 90 days in New York.
Town Hall Meetings = Talking in circles!
I'm so tired of these useless town hall meetings where they pretend to "address" questions. What a joke! All is hear is blah blah blah more simplified blah blah. The meetings are only for optics. BS at its finest. Lol.
No clear direction at management level
Other than cutting the number of employees, what did this latest restructuring achieve? What are we going to do moving forward to make sure we avoid a similar situation in the future? Does anybody know? From what I can tell, nothing has been... — read more
They really want to act like the restructuring is done
like if only the manager layers flattening is the end of it all. It just comes to show that they don't care about anyone who is not a manager. In their books they're done and the rest of us who will be more in the coming 2 years don't matter. It's... — read more
Post Layoff Communications
I was laid off at the end of March and still haven’t heard from HR. Anyone experiencing the same?
rumours of more layoffs
there are rumours circulating on potential layoffs in significant numbers again...... some of my colleagues have already started updating their resumes and preparing for the worst... while some others are in denial
Back office overstaffered?
When tech is laid off, operation laid off, front office laid off, back off / finance still same, revenue generator or planning the books? Which way is more valuable?
What is wrong with Citi Technology
Layers - more cuts on level 7,8 where SME layer resides. Level 5,6 played musical chairs, cause someone knew someone. Heavy Governance, less Hands On - still too many teams playing coordinator roles and lack core tech competence. Management-... — read more
Be careful what you wish for
There aren't greener pastures, sorry to burst your bubble. I felt so liberated and empowered when I left my last job until the reality of the new job kicked in. Just like they are price gouging, companies are acting like they don't have money to give... — read more
Citi Layoffs, Reorganization Are Progressing, CFO Says
Citigroup is making progress on culling its employee ranks as part of its reorganization... — read more
How did aml fare??
Hopefully not too bad
Still have access to everything!
Out of curiosity I logged in this morning and still was able to get in and have access to everything as before. I just want to see the new org. charts but they are not available yet. Who else still has access?
Even more stupidity to come.
The rumor mill is a buzz with tech layoffs upcoming, been there, done that. So what will happen is this. Tech is already slim on headcount even before the layoff. By default, Citi staffing standard is hire exactly what you need minus 30%. Never... — read more
Citi layoffs in technology
I have been with Citi for less than 2 years. I came from a top bank. Have more than 10y experience across different banks and financial technologies companies. I have never came across such a sh-t show when it comes to hardware / software. It makes... — read more
So the numbers according to efinancial careers
20,000 to be laid off. 7,000 were laid off this round. Leaves 13,000 to be laid off in the next two years. Says 5,000 will come off divesting businesses. That leaves 8,000 in the next two years. Roughly about 4,000 per year from technology and... — read more
To cut the Citi Indian contractors / IIT grads being better bullsh-t...
The fact that the acceptance rate at IIT is less than at Harvard does not mean IIT grads are better - because it only means that India has too few IITs per capita. But it does not tell anything regarding the difficulty of the entrance exam and/or the... — read more
Jane is doubling down on the Citi culture.
In burnout cultures, such as Citi, people are judged by the sacrifices they make. Hobbies, vacations and even family are viewed as distractions to penalize. I healthy cultures, people are judged by the commitments they keep. Interests outside of... — read more
They eliminated a lot of the managers at the bottom of the hierarchy who actually knew what they were managing and doing
and left all these middle managers who have no clue what the employee duties actually entail. So while the idea of eliminating the layers of management wasn't really a bad one, the execution ended up leaving the clueless least innovative ones in... — read more
Contractors to be reduced to Indian team members
Heard most of the US vendor contractors will be let go in few months. They will be replaced with Indian team members.
Reorged to a weird team dynamic
Recently reorged to a team with a strange dynamic. My superiors are all about hierarchy - recently been told to not directly engage with anyone from upper management without going through direct manager first. Yo Citi is weird. Been at a few banks... — read more
Talent Redeployment?
Following their last day, did anyone get a talent redeployment email? Apparently it is a path to encourage us to reapply to open positions.
Svp
Do you know how senior is a senior vice president?
Everyone, go check your “IUO” status
If you were told ur safe, go look in global directory to see if you have the letters “IUO” in your email domain. I am interested in hearing from people who were told that they were safe and yet now see these letters =|.
The contractor/FTE ratio in pbwm tech is insane
The entire org was run with 80% contractors from Indian It companies with a bad rep. Some were sitting on bench for an entire year but they weren’t let go. Instead hardworking FTEs were let go. Management is crazy and dragging the company to sh-t for... — read more
Quotes of great minds vs Jane motivational direction. In comparison, Jane’s quote really sets Citi apart.
Einstein: We can't solve today's problems with the mentality that created them. Bill Gates: “It's fine to celebrate success but it is more important to heed the lessons of failure." Steve Jobs: “Being the richest man in the cemetery doesn’t... — read more
In weak companies, politics win. In strong companies, the best ideas win.
Its for this reason, under this current regime (Jane), Citi will fail. Its time to get rid of the antiquated thinking and political agendas. It’s time to level up on CEO quality and you’re not going to get that with the status quo. The talent... — read more
Attrition attrition attrition
Everyone in the team is looking for moving out. There are no clear directions and there are more expectations about upcoming budget cuts and job cuts. given such as instable environment. I would rather quit than struggling here. I’m just going to... — read more
No one wants to come back
I spoke with friend of mine who got laid off, just asked if he is willing to come back or join another team. The answer is no he want to take this as best opportunity to move to another company. I think they are blessed. They are paid to search for... — read more
IC - Nice trick to layoff more
I see lot of IC are leaving due to so called demotion and some of these people used to work as Product Owner. Sad reality of Citi now.
Retirement vs Quitting
Citi retirement healthcare is way to expensive, government healthcare marketplace is the best deal that I can find. I have a 401k since I started Citi after pensions ended. I've read the Citi retirement guide completely and have one... — read more
Who cares actual results besides Jane and her directs
Something about this Org went wrong. Talkers got to the leader position but the new manager told me he does not care about I do but how he feels about me because shareholder never knew what is actually going on. What is going on in Citi?