Citi again started hiring people in multiple locations. No more layoffs tension.

Is anyone job hunting at the moment? How is the finance and tech market? Please share your experiences and plans. Thank you very much.

When you have “on call”= too cheap to staff adequately. So Citi needs on call to save money to make it. Citi needs to provide small to none on bonus’s or raises to make it. Cheap all the way around except one area, Jane’s pay\bonus\stock payout for... — read more 

Citi Employees in EU are currently obligated to report most of stock transactions There is no such law in EU... EU law is much less restictive than US law and SEC, and Citi Global Policy.... , somehow limitiations are present only here RISK team... — read more 

We are living at Dark now. Sad !!

I have friends outside of Citi who are highly technical. They are already currently employed at fortune 100 companies and aren’t on any layoff list, even so, they keep their options open. I have submitted them for various positions at Citi over the... — read more 

Citibank files complaint civil action against Anthony Disanto https://trellis.law/case/42091/2024-03662/citibank-n-a-v-disanto-anthony

Citi: No comment. https://www.efinancialcareers.com/news/citi-stands-accused-of-attempting-to-implement-ai-on-the-back-of-excel-spreadsheets

The lashings will continue until morale improves.

The top leaders have little or NO understanding of complete business. Tech leaders don't have understanding of latest technology. I doubt even they did some coding in their careers ? More BA became tech leaders . They should be in Business groups... — read more 

In the interview process with citi, trying to understand the job grade / hierarchy / titles. Is MD grade 16 the highest grade, or are there others? What are the levels right below that i.e. 13, 14, 15? SVP/Director/Senior Director, or something... — read more 

The Tech divisions lack "Business" mindset and very few Business Analysts are able to translate clearly. Recently more BA's are hired offshore which adds oil to the fire. They completely lack the skill to transform the org.

Since sometime, it's quick and no Townhall or news on any matters other than the SEC fine.

https://www.advisorhub.com/don-plaus-leaving-citi-after-four-months-sources/ I wonder if Jane is happy and satisfied.

Who could blame him? https://www.advisorhub.com/don-plaus-leaving-citi-after-four-months-sources/

The plan is to move operations to low cost areas. Slowly low profile jobs like BA, Tech and consultants will be moved to Texas, Florida, India. There will be huge reductions in head count. The plans are in progress and more preferences will be... — read more 

Does it mean that investors are not so sure that reorganisation brought promised value?

Any rumors on when the next round will happen?

There are climate protests outside all the time. It can't be a good sign when you're being protested 24/7 and you have to walk through a protest to get to work ... what is going on? What is management doing to respond?

Has anyone been to the summit early this week or watch it online? It was organised by citi venture and tech investment banking, I skim through the videos and it seems quite comprehensive, dare I say impressive. What is your view on this objectively?... — read more 

Another proof that Citi is full of mo--ns, especially the risk departments... But that is what you get when you do not want to pay top buck for the best risk managers.

I’m not a smart person or even a wise person. I’m just an average worker bee. After 5 years even I know that this statement rings true that it does not apply to Citi. “Train your people well enough to where they can leave. Treat them well enough... — read more 

ticket prices raised significantly…

Citi is a bank with no soul. It is the soulless mega corporation par excellence. Complete with every known and unknown failure of such an organization. Even the consent orders are a symptom of this failure. Because the bank has no soul, it cannot... — read more 

Used to, the midsize to small companies had to offer more pay than the larger companies because they could not give the same benefits. This has shifted. Now, it seems that mid size to small companies ARE offering equal to more benefits than... — read more 

I’ve heard the same story as most of you. “So and so, to one of his direct reports for a ride while talking about the Citi. They drove by Wells Fargo and he told his direct as he pointed at Wells Fargo, ‘There’s your problem, now fix it’. “ All... — read more 

Any Ideas?

Anyone have any insight on this?

Nuff said.

Interesting. There’s been 3 fairly new posts, the latest one over AI and the direction of the company, that’s just up and been purged from this board. Funny how that happens.

You come into Citi treated like property. There’s no welcome meeting, there’s no “here’s your Citi tshirt and Citi mouse. Welcome to the family.” as small as it may be there’s no such thing. Instead you get: “see if you can login. You can, good... — read more 

Where is the revelation and reformation for the fact that the bank is broken and has su-ked for a long time? Restructure as much as you want, but Citi still has a terrible reputation in the marketplace for being totally absent. Real cultural change... — read more 

Citi can't even manage it processes and data flows with Excel. The mapping and architecture is patchwork and chaotic. The talk about AI is just that, talk. Not only does Citi not have the resources and knowhow, it would be a complete global risk to... — read more 

“A recent study by Citibank found that 54% of the jobs in banking can be replaced by AI, and another 12% augmented by AI—so lay off the current worker and hire somebody else. That’s 66% of jobs at risk of replacement or... — read more 

Anybody in the know hear anything about Citi acquiring a firm in the near future? Hearing some whispers