Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Laughable really

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/citigroup-s-cfo-mark-mason-reclaims-spot-as-highest-paid-bank-cfo-in-2022-77211999

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| 1370 views | | 7 replies (last January 12, 2024)
Post ID: @OP+1qwEL1gQ

I do not agree with my rating of 2, exceeds

I feel like I am a 3, a valued contributor. I told my manager I disagreed with this rating. I felt my peers deserved it more. I am not a favorite here and don't understand why I received it. Manager disagrees with me. I have not shared my... — read more 

Question

I am wondering, as a relatively new joiner, will HR take into account the full background/CV of the person when taking the decision to sack? Or only time spent at Citi?

Expected Changes

With https://finance.yahoo.com/news/citigroup-report-780-million-restructuring-214823471.html Just a brainstorm of what to expect in coming days : More contractors to go More new joiners to go - minimal severance pays More low profiles to go -... — read more 

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| 1640 views | | 3 replies (last January 11, 2024)
Post ID: @OP+1qwjdbm8

Bonus Warning . . .

This last-minute earnings announcement/update is not good news, folks. Billions in extra expenses as we prepare for bonuses to be announced. I guess we’ll know soon enough, but I wonder if this $780M restructuring expense number is in addition to... — read more 

Cut HR, what do that they do that AI could not?

You gotta cut the people, sure, do your thing, why not but also cut HR. Throw them into the mix. We already have an HR chatbot, HR is removed. We already have a system that parses resume’s for key words, another thing that HR is removed from. ... — read more 

Who determines your overall rating?

Is it your manager or your manager's manager? H/r? How do they determine who gets what rating? I know a few who received 3s when I feel they should have received 2s. I know some who received 2s when I feel they should have received 3s. How is it... — read more 

Do the bare minimum until your time here is up

Since we're not being laid off based on merit, do yourself a favor and do the bare minimum until your time here is up. I think it's safe to say that the majority of us realize that Citi is not the best place to build your career, so there's no need... — read more 

Brutal next week

Since earnings announcement is next Friday, have a feeling it’s going to get nasty bc analysts will definitely ask about “headcount” and I think last time they asked, Jane or mark said we won’t know until next quarter aka this Friday.

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| 1660 views | | 7 replies (last January 10, 2024)
Post ID: @OP+1quWK8HO

Layoffs clarification

Because I see lots of misinformation here: I have been through restructuring at another large US bank: I was contacted by the senior ED of the team and he shared that I will be moved to a different sub-team. My manager was aware but was not on... — read more 

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| 1384 views | | no replies yet
Post ID: @OP+1quio6qD

Is this silly to resign now?

I am on my last leg. I am very competent with my job but the leadership is so toxic and every day is soul crashing. My colleague advise me to wait a couple of months but I am not sure if the suffer is worth it. Seeking advice and thank you.

Irony

Logged into my virtual desktop today and realized - aaa it is much faster now, Citi have installed new CPUs for us. But then I saw that the CPU was running at 50+% constantly - and then checked and realized they also installed a mouse/app tracking... — read more 

Hump Day

Has anyone else heard this is happening on Wednesday?

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| 1271 views | | 1 reply (January 9, 2024)
Post ID: @OP+1qujt1mR

Comp Day

Has anyone else heard this is happening on Thursday?

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| 2170 views | | 8 replies (last January 10, 2024)
Post ID: @OP+1qutOB6X

Layoff announcement

Will it be the direct manager or director of the team , to let employees know they are being laid off?

What does 3, 4, 4 rating mean?

Overall what does 3, 4, 4 rating means? Is client and franchise outcomes considered in the overall rating? And does this means overall 4 rating?

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| 1730 views | | 9 replies (last January 10, 2024)
Post ID: @OP+1qtgX3Wj

End of the year review - who can see it?

Hi guys, Just wondering, when you apply for internal jobs, will the new hiring manager see the rating and comments made by your old manager? Thank you very much.

interviews started

Slowly the hiring started back in market. Looking to jump from this chaos.

Next week

Should I assume that next week is safe? I've been going through posts here once again and most predictions on the start of layoffs mention either January 15 or some subsequent date. I know it doesn't make much difference in the grand scheme of... — read more 

Citi does background check for contractor conversion ?

I know most companies does background check for Employees. Citi also does it with basic criminal checks and thumb printing. #1. Does Citi performs similar checks for contractor conversions ? #2. Does Citi checks for Education background and validate... — read more 

Update

VPs in Risk were let go at the end of December in EMEA... Seems like some teams will bear heavy losses - in the particular team 2 out of 3 VPs were let go.

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