Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Too many VP’s….yes but….

You have to look at the reason as to WHY there are too many VPs. Citi is way behind on the comparable salary for the skills being hired. In order to pay Frank the industry level salary for his skill, you have to hire him on as a VP. Hiring him on... — read more 

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| 1630 views | | 4 replies (last October 24, 2023)
Post ID: @OP+1paLT64F

NDA signature

Please don’t sign NDA during layoffs. You will still get your severance If you sign you will lose your opportunity to fight back

Surgical or Sloppy

Trimming 15% is huge. But How? Matters a lot. Is it back to be same red taped organization or a completely reshuffled reshaped one. The second one is harder and requires guts and money. The first is quick and easy but no gains. The problem is the... — read more 

MIA Managers

Managers and their managers seem to be MIA in my dept. They are also wearing the cloak of invisibility in the office. Lol. I know reviews are going on, but getting information or things done is nearly impossible.

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| 580 views | | no replies yet
Post ID: @OP+1p8XbMX2

I don't see the point of layoffs

We have enough people leaving on their own. These are some of the best people, those who are paid more, so it's not as if they need to pay them to leave. Are you telling me that even with that it's not enough? Not only does Citi not care about the... — read more 

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| 980 views | | 6 replies (last October 18, 2023)
Post ID: @OP+1p8ipg50

Sue for Mental Stress

These are people lives that they are playing games with. Some may be sole providers for their family and with all the layoffs and the economy sinking how are they going to find a job at this time. I have never seen a company so shallow for months... — read more 

Citi plans to remove 5 management layers in reorg

https://www.bloomberg.com/news/articles/2023-10-13/citi-s-fraser-to-remove-five-management-layers-in-reorganization#xj4y7vzkg This bloomberg article points to a public citi link which is gone now. They accidentally posted it? How the heck they are... — read more 

CFO Mark Mason's Comment on Reorg

CFO Mark Mason said that "the reorganization plan will result in a 15% reduction in functional roles for its top two layers of management." Do we think this rate of layoffs will increase as seniority decreases (15% of EMT-1/-2, 20% of EMT -3, 25% of... — read more 

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| 1860 views | | 3 replies (last October 15, 2023)
Post ID: @OP+1p4d7rsG

Friday 13th

What a good coincidence. Citi Earnings & Friday the 13th.

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| 910 views | | 4 replies (last October 14, 2023)
Post ID: @OP+1p4btc58

I recall during a job interview here

When the hiring manager mentioned that when layoffs happened there, that they had often stepped in and stopped some of a few who they felt were really hard working from being let go. I wonder do many managers do this?

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| 1082 views | | 3 replies (last October 11, 2023)
Post ID: @OP+1p19dj2X

Just Received Citi Offer

Just got an offer to join Citi in risk. Currently at another bank going through re-orgs and layoffs. Is it safe to join Citi? Or could I these new offers be rescinded or positions cut? Thanks!

Layed Off…branch out…

Regardless of what your role is, programmer, number cuncher, project manager, secretary, tech, etc… there are other employment sectors out there other than finance. If you are let go, why ONLY apply for jobs at other banks? Branch out. Try the... — read more 

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| 1451 views | | 5 replies (last October 19, 2023)
Post ID: @OP+1p00qtCj

This is my second time feeling anxious

About layoffs. I came from another large corporation, and they dragged this on for months and months with useless town hall meetings, and threatening emails. Round after round. Then it would stop. Then another big one. Sometimes you had... — read more 

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| 1260 views | | 6 replies (last October 11, 2023)
Post ID: @OP+1p0mbaZu

Citi Internal Audit

Anyone have any info on what can occur in IA? Any idea if they will cut teams or possibly combine? Because Nadir is giving no information, have heard now their discussing roles with EMTs

Did Jane joined the Doomed CEO List

Not against women or diversity. But History has shown us in the past with few Women CEO's. Does History repeats ? Do we need a new CEO ? Ginni Rometty - IBM was worst performing large cap stock. led to split of IBM later. Marissa Meyer - Yahoo the... — read more 

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| 810 views | | no replies yet
Post ID: @OP+1p0kULLT

Citigroup to Drop China

https://www.msn.com/en-us/money/savingandinvesting/citigroup-to-sell-china-consumer-wealth-portfolio-to-hsbc/ar-AA1hUpbw

RIF BA's

Either move to Business or Get out. Useless Junks. Just surviving with English wordings No one is equipped with any technology skills.

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| 732 views | | no replies yet
Post ID: @OP+1p05nDga

2 Pizza Teams

If the current teams are transformed to 2 Pizza teams how things might work ? 2 Pizza teams will have Infra, QA, Developers, DBA's under same Director or SVP instead of separate organization. All the contractor's & vendor's has to be let go Each... — read more 

Will SVP position be eliminated?

Will the reorg eliminate the SVP position like in other large banks? SVP is indeed a bloated title and position, the tasks/fuy of which are usually also executed by VPs

If laying off, why are there new jobs posted?

Are the jobs from people who left, were laid off or newly created jobs? Seems like the job posting mill would dry up a bit since we are 'transforming', making cuts and such.

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| 1420 views | | 8 replies (last October 12, 2023)
Post ID: @OP+1oYFR3jM

Sara Wechter is a joke!

In early 2022, it was get vaxed or get fired. Now it's "simplify the business" she is a nudnik. And Jane with her belittling statements, "get in the train or get off" "we don't need bystanders" all talk. What happened the Banamex sale? It's still... — read more 

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| 1680 views | | 5 replies (last October 14, 2023)
Post ID: @OP+1oYrDG8I

Townhall

Discussed transformation again and didn't give much info. These townhall are becoming redundant. Couldn't even answer much questions pertaining to the email that went out to the employees. They just want people to continue waiting until they start... — read more 

My Manager is doing Vendor or Ex-Company Favoritism

My Manager has joined from Company X and has most of his reportees with previous company as X. He also has Consultants/Vendors from X. Now he is more favorite towards these people and is more biased. How can I report this to HR ? Does it works ? .. — read more 

We need changes at the top

Citi has became a big joke! The issue at Citi is not employees, it is the people in senior leadership that are simply outdated and rotten. They need to be replaced by a new generation of competent leaders. Investors and board members need to demand... — read more 

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