My director told me they don't know whether I would be laid off or not because the decision is not based on them. Was told announcements will go out next week. What about employees with a low performance rating? Will they be impacted?

Jane is clearly out of her depth. She had\has no vision. She was counting on the woke mentality to turn a profit and it did not work. As one poster put it: DEI (diversity, equality and inclusion) is great but its not a huge selling point. The... — read more 

Job cuts accelerating this week. In NAM all RMMs cut, extra business managers were culled, some bankers cut here and there, a lot of people in CIM and in investments, people cut in RRE, the hub lost its main talent but no one in senior leadership per... — read more 

I haven’t heard anything yet.. does it mean we are safe?

Started today but most is tomorrow. 15% going. SVP next. D and MD People being told either safe or gone during comp discussion.

Anyone heard about staff notified in NY area? If so, which department and level?

Many people out there put in very long hours, sacrificed weekend and for nothing as shown by the bonus and raises you’ll not be getting. Yes, decision makers who got us to this point will get theirs but not you, no certainly not you. Oh sure, you... — read more 

Let's use this thread to report any layoffs you may've heard off/will be hearing in the coning weeks @TTS

https://www.tiktok.com/t/ZPRcnCFdK/

Are there more than one promotion cycle at Citi (other than the Jan one)? Is my manager lying when he is saying that if I missed the promotion this Jan I will have to wait until the next one? Because I can see people being promoted mid-year as well... — read more 

How many promotions cycles are there at Citi per year? In normal banks, there is only one (usually December/January) for everyone below MD, and a separate round in the spring for MDs. But at Citi I noticed people getting promoted off-cycle/throughout... — read more 

What does STL mean? And in general, why do everyone at Citi use non-standard abbreviations in casual conversations as if other people should know what they mean? Also, please use NA, there is no such thing as NAM region anywhere else in the corporate... — read more 

It's happening.Just received my new comp and bonus. you should be receiving yours too. 2% increase in salary and 3% of salary in bonus. ratings were 3 and 2

How is that even possible? How can the ELT sleep at night knowing they plan to ruin 20K lives - plus their families' lives? This is so excessive that I have no words for it. Everybody who was involved in this decision should feel ashamed of... — read more 

It has begun

I have no other explanation for why this is being handled so poorly.

Hi, Does the layoff announcements include your director and HR? Or is it your director alone?

Anyone know of any MDs or DIRs who were axed in Risk?

Sometimes you win, sometimes you lose.

The title says it all. What is to be discussed?

All I can think about is whether I'll still have my job once the layoffs are done. I couldn't care less about bonuses or raises right now. I'm not saying it's irrelevant, it's just not something I can focus on when I don't even know if I'll have a... — read more 

How do we check for Citi Internal opportunities after Layoff for a re-hire ?

Think long and hard about your careers. Especially anyone in a BAU function (non revenue-generators). AI is going to put most of us out of a job, in the not too distant future. Investors, companies, business owners......they all want the next best... — read more 

The end result is the same, you can’t trust anything said from upper management when it comes to layoff numbers and timelines. Its a game and they are laughing at you right now trying to figure out what is happening and when and to how many and to... — read more 

15k of the 20k cuts to come over next 2 years. Only 5k to be cut now (~2000 already happened with 3k to go in the next few weeks).

Get your medications for next 3-5 months If you use eye glasses, get a new pair of glasses with your insurance Get a good mortgage if you can try with Citi Get details about Citi 401K Get your W2's and Download your payslips from date... — read more 

This company is run by fools who don't know Business and Technology. Letting go people will just save some money. But its not going to fix everything. What is missing here ? Real Technical Architect Real Business Strategist

The 5,000 "mainly managerial" job cuts are happening fast. Fraser said Citi's 12,000 managers have already been reduced to 10,800 as four layers were removed in three phases that began late last year. Cutting the fifth and final layer could seemingly... — read more 

About as exciting as working for Walmart. The two companies r not that different, both r lousy.

Citigroup was the only one of the large banks to report a fourth-quarter loss, of $1.9 billion compared with profits of $2.5 billion in the 2022 period. Revenues fell three percent to $17.4 billion. The results were weighed down by costs including... — read more 

Currently employed in a specialized dept taking calls. I work from home. I don't see much on this board about the call center, but more so the actual bank. Anyone on the phones let go?

You know what p–s me off the most? We are disposable. Fine. We are usually the first budget line to go when there are cost cuts or reorg. Fine. But then nobody should expect us to bring expertise to a job. I haven’t had a feeling that I had learned... — read more 

Will it start?

So Citi has a no compete clause to where you can’t work for vendor’s that Citi partners with for 1 year after being let go. The main problem with this is that Citi partners with everyone. Microsoft, Dell, vmware, Cisco, Veritas, Crowdstrike... — read more 

No matter what your role is or which level you are, at Citi, you are disposable or replaceable for whatever reason at any time. If you have somehow managed to convince yourself you're safe, think again. I'm not saying this to be mean, I just don't... — read more