Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Good luck New York

https://www.foxbusiness.com/economy/citigroup-cut-nearly-300-jobs-amid-layoff-spree.amp

At risk of redundancy

Anyone know what are the chances of actually getting another role internally through the consultation process? Doesn’t look like there are many jobs going around on the internal job board…

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| 850 views | | 3 replies (last March 1, 2024)
Post ID: @OP+1rjcePBW

30 mins I'm not getting back

someone make her shutup. Simplifying the bank bs, why doesn't she not take a pay cut for her incompetence

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| 2160 views | | 9 replies (last February 28, 2024)
Post ID: @OP+1riy9OL6

The pendulum swings both ways, it just takes time.

There are phases to reaching both extremes, we are in one right now. Employer side of the pendulum swing: Job marked it stale. Crack the whip, do more with less, tighten deadlines to squeeze more out of your employees. Enforce more stringent... — read more 

Flexibility

I remember a time not too long ago when Citi boasted about their flexibility. USPB is now required to be off on all holidays, floating or not. This notification had me thinking about how militant things have gotten since Jane came into the picture... — read more 

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| 1261 views | | 4 replies (last February 29, 2024)
Post ID: @OP+1rh0zZFW

Tell me who!

There seems to be a long list of threads that purport to know that layoffs are happening or are about to happen. We should know who, specifically, has gone. So write the names of c15 and above in this thread to prove that actually there is a round of... — read more 

Phase 4 of 8 Layoffs

Phase 4 of 8, has started. New org charts come out mid March, mass lay off happen week of March 22. Approx 45k people will be let go from now til 2026 in O&T alone.. gear up for a bumpy ride. The Brits are winning, no more shadman. Jane lack luster... — read more 

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| 3170 views | | 8 replies (last February 28, 2024)
Post ID: @OP+1rheTh0y

Layoffs started

Confirmed couple of team members are let go and few others offered different roles today. Finalizing org charts before end of March so it starts. What I heard people are not given choice they are deciding roles for everyone regardless of skills... — read more 

Citi freaking culture….yeah, right.

So tired of hearing and reading “Citi culture this and that etc..” You want to know what Citi culture is, well I’ll tell you. Citi culture: Letting people go to make up a loss of revenue for a dropping business but making sure you lay off enough... — read more 

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| 1410 views | | 5 replies (last February 26, 2024)
Post ID: @OP+1rfB6g5s

Anything seems better than Citi

Citi has been messing with my mental and emotional health for a while now. I've been feeling the weight of uncertainty, frustration, and stress at work constantly. Not to mention that navigating the maze of office politics can be utterly... — read more 

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| 1150 views | | 4 replies (last February 24, 2024)
Post ID: @OP+1rdNaXsI

Epitome of Citi ethics.

Jane’s raise in light of her failures that lead to us being laid off….aaaannndddd…….THAT….my friends is the epitome of Citi ethics right there. THAT is the example you are to follow. YOUR layoff is funding her salary and her newly acquired raise. A... — read more 

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| 1230 views | | 9 replies (last February 27, 2024)
Post ID: @OP+1rdSM4ia

The Biggest Rat Race in Citi

Having worked for several banks and IT firms, I noticed in Citi is there is a huge Rat Race. Every one is insecure about their job. Fear to share. Fear to discuss. Fear to collaborate. Fear to try new things. Fear to voice out. Fear to speak up... — read more 

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| 1260 views | | 6 replies (last February 23, 2024)
Post ID: @OP+1rdMZQSy

Can a PIP be given anytime after 3,4 rating

Hi, If someone received a 3,4 rating how long does it take to get on PIP? Can the PIP be given anytime during the year or is it within the next performance review at the end of year? Now my manager logs every discussion and even if I want a day... — read more 

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| 2150 views | | 8 replies (last February 24, 2024)
Post ID: @OP+1rctWp0s

Quiet Firing

I totally think this is happening to me right now. I don't know if I am going to be a part of the layoffs or not. I feel super undervalued and this blog article unfortunately ticks off 100% of the things discussed. If I don't get let go in the next... — read more 

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| 1970 views | | 8 replies (last February 26, 2024)
Post ID: @OP+1rcE2D71

Update.

Seems operational risk will be hit hard - latest numbers show 30% reduction in force in some regions...

Jane got a 6% raise -- to $26m

Bloomberg is reporting today that Jane just got a much bigger raise than the one I got this year. Mine doesn't even cover the increased health insurance costs. Must be nice to make $26m. Can you imagine her bonuses? That 6% bump she got would have... — read more 

Decided to leave

I get that the job market is not good, but I just can’t stand this place anymore. I have been working my a-s off, and yet I can be laid off anytime next week, or next month, or anytime this year. My work ethics will have nothing to do with the... — read more 

Do we still need offshoring?

With advent of GitHub Copilot and ChatGPT based solutions, do we need to send/share code to offshore ? Those activities can be automated with minimal effort in onsite?

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| 720 views | | 5 replies (last February 21, 2024)
Post ID: @OP+1raOzQFe

Capital One is acquiring Discover

What is Citi future? https://www.cnbc.com/amp/2024/02/19/capital-one-acquiring-discover-financial-services-report-says.html

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| 920 views | | 5 replies (last February 25, 2024)
Post ID: @OP+1ra2sTHO

No one listens.

Employees have been saying for years that there are too many layers and processes are too encumber some, long, obstructive, complex, inflexible etc… no one cared. So now Jane says she’s trimming down things to make it less complex because of too... — read more 

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| 1120 views | | 5 replies (last February 22, 2024)
Post ID: @OP+1raNLQiw

Too many changes for the worse

I sometimes feel like getting laid off from Citi at this point would actually be a blessing. This has turned into a total dead-end job with zero chance of moving up, and the pay definitely isn't worth it. Especially when you consider the crazy amount... — read more 

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| 1020 views | | 2 replies (last February 19, 2024)
Post ID: @OP+1r93RPMR

Region, Services & Numbers

How to know in real time how many gone so far, which services and regional wise. I came to know due to In-Country Local Law, few site the layoff will be in smaller chucks and not mass layoff.

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| 870 views | | 4 replies (last February 20, 2024)
Post ID: @OP+1r93Bh5C

Bare Bones

They keep cutting staff but requesting (term used loosely) more work to be completed with aggressive timelines. This has all the signs of them wanted people to leave without waiting for a severance. Burnt out is an understatement. It’s a challenge... — read more 

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| 860 views | | 4 replies (last February 21, 2024)
Post ID: @OP+1r9afbhD

: Office Politics inside Citi : Favorites with Fake JIRA's

Noticed lots of Fake JIRA's in recent days to track in name of "Favorites". None of them require any code changes or real work. Mostly coordination activities These stories are with high "Story Points" to show themselves as "Busiest" person in... — read more 

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| 803 views | | no replies yet
Post ID: @OP+1r8OdFYr

Rework

Here is an example of how Office politics work inside Citi. When a new project starts the management assigns to their favorites and some consultants. The "Favorite" claims he/she does architecture and the work is completed / initiated with their... — read more 

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| 1410 views | | 7 replies (last February 20, 2024)
Post ID: @OP+1r70QtO2

What do you think your job is?

Does anyone else notice how much time middle management spends feeding her own vanity trying to be on the TV circuit? Hours spent with teams of people trying to get her to sound smart. It's a complete waste of resources. Clients aren't moving... — read more 

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| 630 views | | no replies yet
Post ID: @OP+1r7uan4E

Bank Run

With so much bad publicity, would Citibank survive if we (employees) took our money out and let other clients know through social media? Just wondering…

Don't take your work issues home

I've noticed a bunch of people complaining lately about being unable to relax and unwind properly over the weekends because of work stuff. You have to change that. If you keep up with this, you're heading straight for burnout town, and that could... — read more 

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| 720 views | | 6 replies (last February 17, 2024)
Post ID: @OP+1r6VePNh

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