I am below C15 level. Other than performance, what factors would be considered to sort out people?
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…
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
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
Is SVP title going to be eliminated ?
What level is it being merged to? Most other banks have already got rid of it.
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
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 Taps JPMorgan Executive Raghavan as Head of Banking
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-26-2024/card/citi-taps-jpmorgan-executive-raghavan-as-head-of-banking-T8X3be6oqLpl4UV3qemH
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
The new multi use phrase at work. “Bora bora” but let’s not forget its true meaning.
I’ve heard Bora Bora used many times in many different ways. Was your rewards about what you expected? No, the bora bora affect kicked in, so not so much. Moral is at Bora Bora level 2. Be careful or you’ll be Bora Bora‘d out of here. I’m... — read more
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
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
Does Citi tracks your phone call records ?
Does Citi tracks your phone call records ? WhatsApp records ? If so How ? They claim communication medium should be Citi only.
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
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
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
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?
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
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
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
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.
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
I guess we’ll see how serious they are about saving money.
It’ll be interesting to see how big Jane’s bonus is AND the amount of stock options given to her will be. Millions? Ten’s of millions?
: 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
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
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
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…
I know that upper managers for the most part don’t care but I wonder….
if they ever read these posts at all just to see what the employee vibe truly is beyond lying on the VOE.
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
If Citi wants to save money and maximize time, halt the forced camaraderie.
Forced camaraderie never works. So you have aggressive deadlines. You are under the g-n to get it done. You are forced to attend get-togethers, which cuts into the time in which you could be working to meet your deadline. So to make up for the time... — read more