Layoffs are a common tool used especially when mgmt is not sure what else to do. There are times when mgmt knows they need to do something but they aren’t sure what, so a good layoff shows the board that “action is taking place” that “we are on top... — read more 

ALL major banks and almost ALL analyst predict that in about 1-2 years after the interest rate hikes that are coming, we will enter into a light to moderate recession lasting for at least 1 year and another 1-2 years after that to return to “normal”... — read more 

) Recession will hit and\or interest rates will climb. Businesses will be strapped for cash, benefits, etc… general layoffs will ensue. Citi Management will leverage the tough times to crack the whip even harder. Repeating the common phrases of... — read more 

I’ve seen a scenario play out over the years that I truly don’t understand. There will be one niche area with just one expert. The expert leaves, they throw someone else in that role whether they want it or not. Goal them aggressively with being the... — read more 

Will there be layoffs this year?

People are leaving this sinking ship without severance, so there is no reason for layoffs. They will move people around to go where needed. This will only continue as the people who are left will have to put up with being overworked everyday or... — read more 

Hey complainers, isn't it better to get out of here when you get another offer than after you've been laid off? People like to say they’re above all this here and can’t wait to get laid off, but I don’t think there’s much truth in that. It's easy to... — read more 

I'm starting to hear of the "normal" restructuring & possible layoffs around the June time frame, yes even when they can't find good workers! I can testify to nervous management and addional reporting requirements. Just wanted to share. Has anyone... — read more 

At this point, it would only help those of us who're planning to leave but either haven't been able to land a new job yet or are still scared to take that step. Judging by the people around me, there is a lot of us. When the next layoff round is... — read more 

Is there a clearer sign that there will be no improvement here, than that management is “deaf and blind” to employee dissatisfaction??? If they wanted a change, they would take into consideration why employees are so dissatisfied and try to keep... — read more 

I really can’t believe whom Citi appoints to managerial positions. Is Citi so desperate that it cannot appoint someone with more experience and knowledge? It's a shame that people are in positions that far exceed their competencies.

Any upcoming layoffs

To join Citibank. I am coming from a competitor. I know. "You'll going to regret it". Go on. Let me have it.😖

Post of job dissatisfaction, low wages, no bonuses, back to the office work and so forth. All that aside, you do have options. Tons of search engines even have a built in filter for full time remote work. There are lots of jobs out there that not... — read more 

Citi is downgraded while peers are upgraded: https://www.msn.com/en-us/money/topstocks/morgan-stanley-upgrades-bank-of-america-and-downgrades-citi-as-war-changes-everything/ar-AAVAG6R?ocid=uxbndlbing

So...I am back in the office, never realized how smelly my coworkers are. It gets worse at lunchtime when I get a smell of canned tuna or some ethnic dish.

I remember in the past hearing from several different managers and even having one myself saying all the time two things: ) If you don’t like it, leave ) There are tons of people out there willing to take your place. They’d squeeze that... — read more 

Discuss.

The “Great resignation” seems to have left the company short on talented employees. There doesn’t seem to be any incentives to retain talent that works. You can tell that this adversely impacts aggressive deadlines. Trying to draw in new talent... — read more 

I spoke to a manager to team up and tackle new things, I got the proverbial "let me look into it and get back to you" 60 days later...and I am still waiting...are managers that aloof in Citi? Have also had the IM ghosting treatment with a guy... — read more 

With Citibank? I did well on the interviews, and had a chat with h/r regarding salary compensation, and start date about a week ago, and haven't heard anything back since. No response to follow ups. How long did it take before you were offered an... — read more 

My former colleague left and accepted a job at a company where he is paid less. I know another person who made the same decision a little earlier. What's going on here? Will people start leaving Citi at all costs, just to not be a part of this mess... — read more 

They figured out it's better to make the working conditions so bad that everybody will want to quit than to constantly have to lay off people and pay them severance in the process. It's a win/win for Citi every time somebody gives in their notice... — read more 

There were some college professors who before each class passed out a class survey that listed the class topics to discuss for that day. If anyone checked off on the survey that they felt offended or uncomfortable with the topic, that topic was not... — read more 

The stress is huge. Employees are expected to do more than ever. Managers are not very interested in whether such demands are realistic or not. They are only interested in the end result. I am starting to wonder whether a job with so much stress is... — read more 

So I’m interviewing with Citi but after seeing so many posts here on layoff it sounds like Citi is worse than Wellsfargo where I am now. I have a good boss currently and in a good team but I just don’t like the work I’m doing and hence started... — read more 

After 7 years, I’m not impressed. Sorta old choking on the dust of the other banks as they leave us behind.

What in the Sam heck is going on here? And people wonder why the world keeps be worse and worse by the day. https://news.yahoo.com/citi-cover-travel-expenses-u-145324689.html

I am on a team of 12 people and every single one is looking elsewhere for employment. Actively sharing job postings, networking outside of work, adding each other as peer referrals. All for the same reason, they have no hope for the future. Only... — read more 

There you have it

If you don't mind not working from home, there are so many opportunities. So many are leaving banks due to RTO for remote positions and very few are applying for the jobs left vacant. With so few applicants, the banks are desperate for people who... — read more 

Citi exec Dan Keegan exits for a fintech role after 15 years in equities https://www.fnlondon.com/articles/citi-exec-dan-keegan-exits-for-a-fintech-role-after-15-years-in-equities-20220311 Own boss: Citi suffers blow as crypto lead walks... — read more 

Here’s yet another key player leaving. What do they know that the rest of us do not? https://www.cityam.com/own-boss-citi-suffers-blow-as-crypto-lead-walks-out/

https://www.bloomberg.com/news/articles/2022-02-28/citi-discloses-9-8-billion-russia-exposure-amid-sanctions-war

For me, I’m outta here. I’ve seen nothing but a path of chaos and destruction for the past 5 years. I’ve been rated a top performer for the past 4 years but I see nothing but dread before me. There is no vision, there is no future. All management... — read more 

People don't leave because they don't have free stuff, they leave because they can recognise the difference between a good culture and a bad one. Meetings for no other reason than to have meetings for political posturing or a bragging point of “I... — read more 

Rather than require people to go back into the office since gas is so high now, Citi has the perfect opportunity to do what’s right and offset the rising costs by letting the people choose to work from home. Assuming of course the role allows it. ... — read more 

Guys and gals, there’s a lot of posts out there really slamming Citi hard. I have to admit most of the concerns are valid. Given the negative sentiment and\or environment, use it as fuel. There are a TON of jobs out there to accommodate just about... — read more 

so that I only work for 8 hours, unlike now that I work for almost 10-11 hours. I think Citi will regret returning employees to the office after seeing how much productivity will fall.

There’s always been hope and drive, almost to the point of being what they call a koolaid drinker. I admit, I’ve not heard that phrase in a long time until I started watching this board. After months of reading the posts here versus internal... — read more