Citi is not a cult, a religion, or way of life. Its a business and you, the employee, are a commodity, an asset to be discarded at will needing no justification to do so. Just like you can leave Citi at anytime for any reason and HR is there to keep... — read more
I hate the reason this board exists.
Uncertainty, non-transparency. No true venue to air concerns at work without repercussions. Lack of faith in leadership and direction.
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
Negative work environment
At this point, it's really hard to stay motivated and productive.
Linkedin - 10-15% Layoff. Seems a pattern
Seems some employers are doing layoff around the holidays for 10-15%. Seems like a pattern. Any idea ?
I was laid off after being here over 30 years. Some advice for everyone.
I saved money throughout the years so I don’t have to work anymore, even though I’m not at retirement age please everyone save your money now and as much as you can. When they laid me off, I had a big smile said thank you and who do I speak to... — read more
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.
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
I feel like half these posts and replies are Citi HR plants.
All done in order to get a true feel from the populous.
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
God help us! The treasurer is jumping ship too??
Article from Yahoo! Finance: Citi Treasurer Mike Verdeschi to Depart After 33 Years at Bank https://t.ly/suMCl
High level people dropping like flies now.
Treasurer is out, guess he knows how bad its going to get since he manages the balance sheet LOL
We need new leadership
That's all we need.
How to handle layoff if you are not in manager’s friend list ?
How to handle layoff if you are not in manager’s friend list ? Manager and his friends are mo--ns who don’t let us to function properly and play games. I tried to move from this project last year.
Interesting article highlighting Citi's mysterious behavior
https://www.efinancialcareers.com/news/2023/10/citi-managing-director-cuts
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
Friday 13th
What a good coincidence. Citi Earnings & Friday the 13th.
Just received an Offer (Irving, TX) What is the Hybrid WFH Model?
I was told that there is a requirement of 2x a week in office with 3 days WFH. Is there any expectation of that number of days in office to change? Is there any flexibility in the model? (ex. if not feeling well, can I WFH for one day or will I be... — read more
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?
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
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
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
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.
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
Has anyone completed their annual performance review?
I don't know about you, but it's hard to focus on my annual review right now especially after the unhelpful townhall meeting.
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.
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
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