Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

salary transparency

can we create a log of salary here? curious what others make. We can go somewhat light on details for anonymity. but perhaps YOE, Grade Level, Salary, Bonus?

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| 1461 views | | 5 replies (last February 19, 2023)
Post ID: @OP+1kTC3cdN

Are you concerned about layoffs?

I have been on other layoff bank sites, and they all seem to be very concerned. I work here, and have to admit, I am concerned. Are you worried?

Sign-on bonus

How many experienced hires have gotten sign-on bonuses.

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| 1000 views | | 7 replies (last January 25, 2023)
Post ID: @OP+1kQtum46

Layoffs

Citi had some layoffs this week, Does anybody know how many or what groups?

Compensation

Raise and bonus less than last year, but given more job responsibilities. The Citi way.

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| 1170 views | | 6 replies (last January 22, 2023)
Post ID: @OP+1kMkH5R4

WFH Jane pulls the plug

Interesting approach Pull under performers back to the office. Are they using ms teams and how often you move your mouse for productivity? https://amp.cnn.com/cnn/2023/01/18/business/citi-work-from-home-jane-fraser/index.html

Big Banks Might Face Breakup, Top Regulator Says

While Wells Fargo seems to be the focus for now, it could later apply to other banks. https://www.wsj.com/articles/too-big-to-manage-banks-may-face-breakup-top-regulator-says-11673982801

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| 901 views | | 3 replies (last January 23, 2023)
Post ID: @OP+1kK3Idre

Rough times ahead, sacrifices must be made.

In spite of increased cost of living, raises and bonus’s will be sparse. Headcount will decrease. Those left, will be expected to take on the responsibilities of those that are gone. Hours worked will increase along with pressure to meet aggressive... — read more 

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| 1310 views | | 5 replies (last January 21, 2023)
Post ID: @OP+1kITZ2AL

Rewards survey.

Role: Keep the lights on role. I do not generate $ but am considered a cost to the company.. Ranked a 2: Rewards: 1K bonus, 3% raise. Pretty much the same for the past 3 years.

Preparation

No matter what sector or company you are employed in, you should always work under the belief that you’ll be laid off eventually, its just a matter of time. This is motivational fuel to: Save more money. Update your skills and\or resume. Pay off... — read more 

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| 1100 views | | 7 replies (last January 15, 2023)
Post ID: @OP+1kCHGIzR

Goldman Sachs laying off 3200, is Citi next?

“Other investment banks are adopting a “wait and see” attitude: If revenues are tracking below estimate in February and March, the industry could cut more workers, said a person familiar with a leading Wall Street firm’s processes.” —CNBC

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| 1210 views | | 5 replies (last January 11, 2023)
Post ID: @OP+1kBnJL9o

Vaccine Class Action Suit

Rumor has it that former unvaccinated Citi employees are going to file a class action suit. Has anyone heard about this? I couldn't find anything about it online.

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| 1530 views | | 9 replies (last January 12, 2023)
Post ID: @OP+1kzWln3z

Bonuses

Why bother doing more than bare minimum?

CFO's expect a hard landing

Let see what anonymous poster says, what does this link have to do with Citi? Like you don't remember Citi in 2008? ... — read more 

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| 1100 views | | 2 replies (last January 6, 2023)
Post ID: @OP+1kuVOX04

Is being laid off really a bad thing?

Statistics show that on average, changing jobs every so often you end up making more money than if you were to stay in the same role for the same amount of time at the same company. Its easier to change companies every 3-5 years for more money at... — read more 

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| 1300 views | | 4 replies (last January 6, 2023)
Post ID: @OP+1krdlbBr

Citi needs to continue to bend the knee to the woke.

Citi has really been good at bending to the will of the “woke” community and every bragging about it every chance they get. Now, the woke community is leaning toward a union within Citi. Will Citi continue and bend the knee? Right now, even... — read more 

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| 1440 views | | 8 replies (last January 13, 2023)
Post ID: @OP+1kklM1Zy

C12,C13,C14 - salary ranges for NYC?

Does anyone have the latest? Even from 2021/2020 is fine. I want to jump ship from my current job but have to know what some of these job rankings mean and what I can expect. Thank you!

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| 2970 views | | 8 replies (last January 31, 2023)
Post ID: @OP+1kjig8Z7

401K Benchmarking Exercise - Assistance Requested

I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more 

Your time will come.

Post after post of frustration, anxiety and angst. The key points resonate with the same themes. ) Yes, Citi will assuredly layoff under the guise of streamlining, consolidation, etc…phrase it however you want, you are still placing people into... — read more 

Let's pretend we couldn't see it coming...again...

In May 2020 I posted an article in the Higher Education Inquirer on the last economic downturn. It was the 27th downturn in US history. Remarkably, few could see that downturn coming, a result of the covid pandemic. More than a million people died... — read more 

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| 970 views | | 1 reply (December 13, 2022)
Post ID: @OP+1ka61FEh

WFH

So I know four people who have worked remotely. Two before COVID (which was commonly acceptable with your managers approval). Three of the four filed a HR request to continue working remotely. The first over 6 weeks ago. So far HR has not replied... — read more 

CEO metrics

A CEO’s core metrics are: ) take care of their people ) raise the company stock price So the “take care of their people” part is not happening due to the layoff galore with even more layoffs to follow in Q1 of 2023. “Raise the company stock... — read more 

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| 1410 views | | 5 replies (last December 8, 2022)
Post ID: @OP+1k0R1sVa

Remote work mismatch:

https://www.beckershospitalreview.com/workforce/the-great-remote-work-mismatch.html There are many people re-skilling themselves to align with business’s that allow more work from home. I doubt Citi will throttle back on the having you come back... — read more 

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| 1160 views | | 2 replies (last December 1, 2022)
Post ID: @OP+1jV3N9CL

Q1 2023 layoffs coming.

We’ve all seen it before. They’ll shift some people around here and there. Some will be placed into positions where they don’t need to be in and some will be placed in the right spots. Some will be shuffled in order to protect them from leaving. ... — read more 

Yes, there will be layoffs in Q1

How could there not be? During a recession each company has to prove that they are serious about cost cutting. You don’t do that by stop providing styrofoam cups, you do that by chopping off headcount. This, time after time, is what shareholders... — read more 

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| 1990 views | | 7 replies (last November 28, 2022)
Post ID: @OP+1jC22wqW

Q1 cuts

You can expect Q1 cuts under the guise of productivity and performance. Streamlining the business and consolidating roles and so forth.

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| 1640 views | | 5 replies (last November 30, 2022)
Post ID: @OP+1jxCe270

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