There will be two more rounds of layoffs. A small group before Christmas, and some after the new year. Somewhere in between, we will re-level. Some MD’s and SVP’s will experience one of the other of: a.) Keep the title and get a reduction in... — read more 

This website is called THE LAYOFF not THE COMPLAINT AND GRIEVANCE SITE. The first sentence on the homepage is: News, personal experiences, rumors and speculations about layoffs at your company. People come hear to learn about layoffs in different... — read more 

How many new MD can we see for 2025? 300 or more this time ? Can Citi able to eliminate SVP role ?

You’ll start off with a decent point or argument but when you start using “ $hittybank”, people stop paying attention. Especially when you start ranting. Plead your case, make it civil and you’ll get a better response or even higher + rating. — read more 

Are any jobs safe from being moved overseas?

Guys can someone help me with internal movement process (looking for outside too,nothing able to crack) it's a sh-t I am stuck not sure how to come out

The problem is not the level, its the pay scale. You have a developer and he’s/she’s top notch and deserves top notch pay. You have to make them an SVP at the upper end of the payscale to pay them what they are worth so that they don’t leave for... — read more 

The HR department is not there for the employees and is not reachable. Processes drag on unnecessarily, and no help is provided. It is inaccessible to external inquiries, and overall, it is considered the worst department in the company. They work in... — read more 

To start the process, you must file an election petition with your local NLRB office. Along with the petition, you will need to show that at least 30% of the employees support your election petition, which is usually done with authorization cards or... — read more 

I am disgusted to see in some loc. such as EMEA, layoff staff rehired after couple of months in different position after having big fat checks.

Once again, we’ll see the same ole, same ole, where Jane gets a significant bonus + raise and everyone else will get nothing. This coming up review rewards will be even worse if that’s even possible. The hammer has come down at a high level the... — read more 

https://nypost.com/2024/10/31/business/ex-citi-bankers-urge-ceo-jane-fraser-to-claw-back-bonuses/

So with the word coming from the top it seems like another terrible January for compensation and promotions incoming

Hoping someone can help. I was laid off in February and Citi still has not paid out my PTO/vacation days, about 10 days (8 from rollover and 2 from accrual). HR initially said that they days would be paid out with my last severance check in August... — read more 

I believe COBRA is free for so many days (while you decide if you want it), unless you need it then you start paying. Is that correct? If you do take COBRA, can you stay on it until age 65 (Medicare)? Also, did anyone take Citi's COBRA or is... — read more 

All this moaning and groaning, speculation and anxiety can all be dealt with by following one rule. “Care about the company, as much as the company cares about you.” Once you embrace this, the rest of it melts away.

I'm feeling like I'm going to self-prophesize myself into being cut due to this. I'd laugh if it wasn't sad and terrifying.

I’ve been watching this site for a long time now. What I find informative are the posts that are heckled at as a half truth troll post and when you fast forward months maybe even longer and it unfolds as exactly as it was posted. Many of the... — read more 

All countries are setting for their reduction in immigration targets for upcoming years mainly till 2027 or 2028. This is to protect employment for residents and improve immigrant quality and only fresh talent in upcoming AI or new technologies. If... — read more 

Just got off an interview there, what a bunch of rude worthless people lmfaoo no wonder this company hasnt made any market value in 14 years.

Yet another re-org is under way and you may get a new manager starting in the new year, around feb. There are plans for moving people around and also layoff after current sham end year process. Most will be 3s or 4s to negated bonuses. Ratings... — read more 

Has anyone else been told that you’re subject to a new metric that records if you are working and at your desk for your whole shift?

Maybe she has a point, Citi is too big to manage. Either Jane is doing the best she can but is out of her depth and can’t manage effectively OR she does know how to manage on an enterprise scale but Citi is just too huge. Thoughts?

I attended a meeting where my multi skip level manager spoke. The question came up over salary increases or the lack thereof. They mentioned that its been brought up to the powers that be that we are not competitive in pay as a bank in comparison to... — read more 

Why? Why? Why? Year end reviews are pointless.

its the problem of Citi, lower lever can not give directions and higher level dont know how to give direction. its a loop.

From another post. All of the heavy hitters I know from tech, to project managers and managers have all said the same thing. They’ve had far more than enough, they are…..DONE! True, they need a paycheck but not necessarily a paycheck here. They are... — read more 

Here is the link: https://www.msn.com/en-us/money/companies/a-key-to-citis-regulatory-woes-staff-need-skills-enhancement/ar-AA1siS6k?ocid=BingNewsVerp “ the bank has been grappling with a shortage of skilled personnel, finding at times that it did... — read more 

Revenues grew by 3% and expenses decrease by 2%, I’m glad to see that but that’s expected given the reduction in staff. Laying off your staff and selling off slices of the company will do that. The true test of leadership is “can you get the same... — read more 

Does Citi actually support internal mobility? I’ve never heard back from even lateral positions that need my exact skill set. I’m wondering if these positions are real or do they just post internally for rules sake.

I recommend that ANYONE take Jane’s advice 100% and get off of the train to find a better job. When the job market heats up, and it will, polish up that resume and get to trolling the job boards. Nothing ventured, nothing gained. The stock market... — read more 

If I were to leave Citi the first week of January (i.e. I am still employed at year-end), will I still get my annual bonus and 401k match?

Another useless call. I wish we were treated like adults in this reorg process. This is not an audition for an Oscar movie so no need to act and give us the facts, share at least a "semblance" of a timetable for the end of the year, and that's it. We... — read more 

Dont we still have close to 5k layoffs to go

It seems that AI is being tested and vetted on a more simple level than just tech. It stands to reason, if AI can hammer out some seriously accurate code, surely it can be well suited to replace HR. Generating requested forms and paperwork... — read more