For those of you that were let go during the restructuring, did you / have you given consideration to the Big 4 firms? I think this would apply specifically to those that worked in regulatory, risk, or compliance. If you would not give... — read more
There's only so much each of us can do
Our team is already stretched thin as we are continuously forced to shoulder the responsibilities of those who have left or been shown the door, all while Citi declines to hire replacements. As a result, we have an ever-increasing workload without... — read more
Once again, skilled, tenured staff leaving for greener pastures.
https://www.msn.com/en-us/money/companies/citi-advisors-managing-3-billion-depart-for-alpha-capital-family-office/ar-BB1qpHPz?ocid=BingNewsVerp
Happy face
Are there people at Citi who can count? Citi is proud to promote carbon neutrality, This is an obvious lie and everyone knows it Nobody cares, you, they, us, nobody actually it does not matter, this company needs to fail
Managers who do nothing else but micromanage others
If they're spending all of their time micromanaging us, then they obviously don't have anything better to do and could be fired or laid off. I don't need somebody breathing down my neck the whole day and telling me how to do things I've done hundreds... — read more
Citi weakest of big banks
Citi is the weakest of the major big banks in the U.S.: analyst https://m.youtube.com/watch?v=yfC4zOU9WUw
Class action lawsuit
If you have spent legal expenses to get out of Citi’s unlawful garden leave provisions, please stay tuned for more info as a class action lawsuit is being formed.
Citi Stocks
Typically, stock performance serves as a barometer for Citi's future outlook. Recently, there has been a significant increase in stock value, rising from $38 in November 2023 to $65 presently, marking a substantial difference. This marks the first... — read more
Unemployment filing question
First time filer here - I worked the entire time remotely (NJ). Hired in NYC In which state do I file unemployment? 100% remote (NJ) haven’t worked 1 day in NYC
4 Years without any progress on Consent Orders
Citi worked on the consent order for 4 years and made 0 progress. I guess stealing credit and politics don’t really matter or create any value. Wasting money on a-s kissing executives doesn’t seem to work either since that’s always been the game... — read more
Layoff News - July 20
Those under CTI asked to left in last 8-9 months, for those positions i did noticed or hear that new Rex will open and either current staff get promoted or new hire. Surprise !!
Do you think more cuts are coming later this year?
Seeing a lot of tasks being reduced.
New trend in Citi to layoff new employees
Drag newly join member to controversy and then fire him to reduce head count and to keep their jobs, these non productive managers are the main problem.
The reason why Citi will always lose out employees leaving for more money.
“Train people well enough so they can leave, treat them well enough so they don't want to.” Citi does NOT adhere to this. Its bad enough that YOU for the most part have to get your own training at your own dime, but the treatment is a whole new ball... — read more
Why can’t you just make the widgets? Why do you have to have a “company value”.
Why can’t you just say “we make quality widgets and sell them for 15$” ? Why do you have to state a company value and make sure to use the words “company culture” in the same sentence? There’s market share out there, there’s money out there and... — read more
Development plan of employees? Seriously?
Can we ask the plan and task of action for the company down the line 1 yr??
$40M - Former Citicorp CEO Lists Oceanfront Compound on Massachusetts Coast for $40 Million
If you're looking for a new home, Reed's lovely house is now on the market: https://www.wsj.com/real-estate/luxury-homes/former-citicorp-ceo-lists-duxbury-massachusetts-home-47c6542e if paywalled, here is an archived... — read more
Mid Year Conversation
How’s is it going folks !
Laid Off?
You can tell a lot about a company by the way they treat the ones they laid off. What's everyone's experience so far?
Layoff slots
Seems every company in US has to show some numbers every year till 2026 to reduce inflation. Citi might plan for next January
Is it really ok for nonUS employees to have access to your personal account.
I once had an Amex credit card, I cancelled it as the support was from overseas. I did not like the fact that my personal account info was readily available to a non US citizen. The support lead assured me that all is well as they were official Amex... — read more
Crypto and Citi
are there any departments taking it serious and working to it
RTO
I know this is a hot topic. Curious if anyone has heard anything about RTO and if people are getting slaps on the wrist for falling short of 3x minimum?
Technology & Business Enablement Fireside Chat with Tim Ryan
Technology & Business Enablement Fireside Chat with Tim Ryan
Government fines Citigroup $136 million for failing to fix longstanding internal control issues
https://apnews.com/article/citigroup-jane-fraser-federal-reserve-92db0bc00514734a452753438a26b417 I wonder how come so called Risk leaders(inefficient) are getting handsome compensation and fat bonuses:-(
citi internal mobility
anyone knows how to apply for internal mobility in citi? without letting your manager know at tge initial stage
Simple solution for Citi priblem
Remove SVP layer and merger with VP and remove non skilled and people who focus on politics rather work, I know 95% SVP people are politicians, they don’t even have basic knowledge for current market, we can not blame them completely as citi not... — read more
How Likely?
How likely do you think Citi will be dissolved in the next 1.5-2 years? Broken up into pieces and sold, resulting in Citi no longer existing as a bank/financial institution?
Citi is Fried
Unfortunately the longer you wait the harder it will be to find a job with Citi on your resume…
Citi C-suite pushes pro Palestinian protesters
https://nypost.com/2024/07/09/business/citigroup-protesters-claim-they-were-shoved-by-top-lawyer-at-bank/
Nothing like Jane.
I’ve been at two other major companies before coming to Citi. I also network quite a bit outside of Citi. After being here for quite a while and listening, watching and observing, I can honestly say I have never ever seen or heard of a CEO who is as... — read more
Terminations In Order to Not Pay Severance.
Hearing that Citi is going to start terminating employees due to performance in order to not have to pay incentive. Are they going to "manufacture" 3-3 rated employees into 3-4, 4-4 etc.? Do you think departments are being given a directive/goal... — read more
No layoffs untill January?
Do we know this for sure? “No layoffs for a while. Layoffs will be in January based on performance so management doesn’t have to pay severance pay. Technology teams in ny/nj will be affected and moved to Texas or Florida. Only management and... — read more
OCC announces new enforcement actions vs CITI
Seems they are not satisfied with progress under consent order. My reasonable take? All this talk of future layoffs is way overstated. We’re good!
The Next 20,000
Where will the next 20K to be laid off come from? What departments? Where? North America? Overseas?
Fed mulls rule change that could save biggest US banks billions in capital
The U.S. Federal Reserve is considering a rule change that could save the country's eight largest banks combined billions of dollars in capital, in a potential long-sought win for the industry, according to four people with knowledge of the... — read more
Company culture is not words on your website or posters on a wall. It’s how your people feel on Sunday night.
This rings so very true on Monday when all you hear from everyone is. “Well, I’m here” I wonder if this ever resonates when surveys go out about the company culture, whatever that is these days.