Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

MCA in Wealth is a mess

Is it me or anyone has noticed that whole MCA in Wealth Org is a mess right now. They don’t hire people, but letting go people and now all the mess is left behind for some employees to fix…how can you fix things when you spend most of your days... — read more 

RTO hubs

Mine looks like everything but RTO en masse. I am beginning to think that RTO, like so many other things, will never really happen and it will get reshaped and changed many times as a strategy until all those jobs are outsourced to Moon. Corporate... — read more 

Young Citi People

To any young person considering joining Citi beware. If you get hired by Citi go for it. Get the Citi name on your resume. You’ll learn very old outdated processes and get no real world industry experience but atleast you’ll get the big name on your... — read more 

3 days in the office

Has anyone suffered any consequences for not going into the office 3 days a week (A warning, written up, rates less than a 3)? My site is still a ghost town. There has been no mass return to the office.

H1b layoffs

Do you think lots of h1b workers will be layoff. As h1b counts are more in VP zone.

Asia South Head goes too

https://asianprivatebanker.com/private-wealth/people-private-wealth/citis-south-asia-head-of-wealth-resigns/

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One more executive

https://www.reuters.com/business/finance/citigroup-hires-don-plaus-bofa-lead-private-bank-north-america-2024-03-06/

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Layoffs this week

What’s the latest? Seeing some updates from Europe. What about the U.S.?

Update EMEA - Poland

At Citibank Europe Polska the current proposals affect 485 roles (less than 7% of our employment). For some people, this means a change in role or a proposal to take on a new role. For some it may mean leaving the firm. These are difficult... — read more 

It's not going to end in four weeks

I wish I could believe this will be done in four weeks and we'll be able to go back to business as usual, but chances of that are slim to none. A floodgate has been opened and it's going to be really hard to close it, especially with those at the top... — read more 

Job market will get worse

The U.S. labor market, for as tight as it has been over the last couple of years, is about to get a little looser, experts warn. In California, New York and Washington, companies are gearing up for a steep number of layoffs affecting a wide range... — read more 

How you can tell whose laid off

Go to global directory, if you see iuo.citi you can bet they been laid off and on garden leave which most were notified back in jan. Or if you see their functional citi business title but not their new named function title moving forward they are on... — read more 

My Audit schedule

My audit schedule doesn't have any audits for the remainder of the year on it as yet. Don't know why it's taking so long to update or if there will be additional cuts. They did mention that IA was finished with cuts within phase 3.

Citi is a weird old place

I have never seen a top-tier institution full of so many whiny, low-qualified people who are clinging to comp and ben they can never get anywhere else because no good company will ever hire them at such level as Citi. Pathetic. This is why so many... — read more 

Technology Leadership ?

D's and MD's in Technology division should come from Technology background. Why there is a requirement of pure "Business" background executives in Technology ? How much they worked in technology to be in current position ? How much they coded ? How... — read more 

Tantrum

What if long-time SVPs and VPs throw a tantrum that they are not going to have direct reports cos there are not enough people going around, especially when C15s and above require six or more direct reports?

Minimum 6 ?

I heard that manager must have minimum 6 employees under them( contractor not included) What will have if have less ?

Jane and the Shills now showing at a cafeteria near you

Is it me or is everyone tired of the Mary Poppins (Jane) show. There is nothing authentic about her 15s and nobody seems to be buying her rhetoric. The questions are predetermined with practiced answers and the audience is filled with shills.

Need Advice

I was told by my boss that if I need to go to the Doctor I should go either afterwork, on the weekends or on a scheduled day off while using vacation time. She also told me that no one on her team uses sick days and we give that time back to Citi... — read more 

Mental conditioning has a solid root in Citi.

I believe Citi has worked really hard at fostering that they are “Corp Elite” for which you have no recourse but to bend to their will and honestly it works. Assuming that half of the posts are true about verbally abusive managers and various... — read more 

Changes to departments behind email Address

Did anyone notice changes in Outlook to departments listed after a persons name. My managers has changed. Some others on the team change when type name but they quickly change back

Need a Break Badly

Every one in Citi is suffering from Mental Trauma of layoff. Everyday is starting with question what happens today ? and continues with Job applications, waiting on Interview calls, etc... On the other end, more pushing of work sorry work related... — read more 

They could always ask for volunteers

This was said before but I'll say it again. If Citi asked for volunteers, there are plenty of us who would be happy to take the company up on that. That would make this whole process much less painful for everybody involved. Why we haven't had a... — read more 

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