I can't with the newer big dogs they brought in from Goldman in TTS Operations over the past year, slowly turning the org into a 'new' old boys club. How did we manage before these ball busters came along, ba----g their chests and pointing out the... — read more
Is it worth it?
We all need money, there’s no way around it if you want to survive in this world. This even more so if you have a family, so you work to provide your kids and spouse the comforts of life and insurance, you can’t forget insurance. So everyone is... — read more
Someone accidentally told they were being laid off
I heard that earlier this year, the Dublin branch announced 168 layoffs. It turns out there was one person was mistakenly included in the layoff list. Within a couple of days, senior management realized the error and had to rescind the layoff notice... — read more
Tolerance for stupidity
I would like to encourage Citi mgmt to open a portal where employees could report deaf people, it can reduce your effor a lot ... Yes I mean WIPRO / TCS etc Not all, just if you think you are the one
Citi Audit Opinions
Thinking about Citi Internal Audit. Anyone have any insight on the department? What do they do well / need help with? How’s the morale? Etc
March layoff non-working period
Is anyone on a 90 day non working period? I see most people were on 60 days but wondering if there are any with longer nw periods and the reasoning behind it. Thanks.
I’ve noticed a pattern.
So a non-US holiday roles around and you get people who take off. Ok, makes sense. “Banking holiday over here in EMEA, taking off, no choice, its happening.” Sure, why not. A US holiday roles around, banking or not, and you get… panic from... — read more
Severance Package
I was laid off on March 25 from NYC 388 office. My last paycheck was on Friday 6/28 and I was terminated as of 6/29. Still haven't received the severance agreement to sign. Following up with the useless HR who keep responding with "The offboarding... — read more
Life 🧬 Simple
A wise man once said I would rather work for myself making $40,000 then someone else making $200,000 Until you do that, you're never free!
thelayoff.com - Quite Now
Nothing much here these days !
Citi is managed badly (not news, but I am angry about it anyway)
So how can we expect that reorg/cuts will be managed well when done by some people who led us into this mess in the first place? We’ve been going through a lot of stress, anxiety, chaos with teams and management of workload, all with no end in sight... — read more
Layoff
Did someone get layoff at the end of June? I heard some people got layoff last week of June. Are there further reorg?
Citi worst in the industry now
Link below, no returns on Banking business. https://www.ft.com/content/24e1e9cb-3634-45bc-8794-cd3bbc06747f
Vendor
I can see the management has more faith on vendor compared to Citi own staff day after day.
Jane belongs to the McKensey group.
I have no idea if she still does but here’s a video breakdown of how they operate and lay off employees: https://m.youtube.com/watch?v=K7ISnXf6Geo
The clock is ticking
https://www.msn.com/en-us/money/news/the-clock-is-ticking-on-jane-fraser-s-citigroup-turnaround/ar-BB1oP6mz?ocid=BingNewsVerp
Citi, a 6. Faith in management a 4.
Out of all the companies I’ve worked for, Citi is not the worse. It’s not the best either. In a scale of 1-10, I’d give Citi a solid 6. On faith in management, I’d give them a 4, which is easy to understand. The emails from management vs. the... — read more
Why there is no transparency? Why managers always tries make fools their team?
Why people are so unethical here?
Deviating from the purpose
There are many posts dedicated to venting frustration. I can certainly understand as to why. I can confirm that at large portion of the posts, I’ve seen either 1st, 2nd, or 3rd hand. While working at Citi and navigating all that is…”Citi”….it is... — read more
IC - Matrix Manager
Just curious if someone demoted from Manager to IC in the same team , can that same person again become Matrix Manager of same people as an IC ? Sounds like HR is clueless at Work Day or Global Directory. What the he-l happening !!
Sidestepping regulators
A whistleblower mentioned the name Mulki. Who is she??
Redundancy paid but not made redundant
Is anyone in this bizarre but real situation?
Layoffs Q2 operations?
Have anyone heard if there will be a new round of layoffs now at the end of Q2 or will they drag it till Q3? The org is doing a huge push for people to quit. I rather get the boot with a nice severance as comp for the nightmare it has been. It’s like... — read more
Accrued time
How do vacation hours accrue monthly?
Finally received severance
I was laid off in the 3/25 layoff. This morning my severance was direct deposited. Did the rest of you receive yours?
US regulators reject Citi's 'living will' resolution plan
https://www.reuters.com/business/finance/us-regulators-reject-citis-living-will-resolution-plan-ft-reports-2024-06-21/
Colleagues are resistant to change
How will citi address employees who are resistant to change? One would think that after so many have been laid off, those still employed would be more open to transformation efforts. Instead, they stubborly hold on to burdensome processes that do... — read more
So how does aml fiu look??
Is it safe? Back to hiring???
Is Citibank/ or any USA bank a good place for a mid level developer to grow their skill sets/ career
After working in a bank for some time after graduating college for computer science, I question if working In Citibank, or a bank in general is a good place to continue to grow your skill sets compared to other business sectors. Now with these... — read more
What’s the situation?
Recruiter reached out to me for an interview. What’s the situation at citi? Is it an okay time to join, or wait until the reorg ends to entertain the idea of interviewing
Curious Minds Want To Know
Has anyone laid off end of March 2024 received their severance pay yet? Not the package, but the actual pay?
Vacation days payout
Received severance package but no mention about vacation days payout. Anyone knows something?
In comparison to other companies I’ve worked at…..
Citi is by far the cheapest. Citi HR is way by far the worst. Citi’s way of handling the layoffs is abysmally mismanaged. Citi’s delivery of news and status’s of any direction is less than average I’d say. Faith in company direction is horrible... — read more
June 17 - Next Update
Is anyone heard anything relevant upcoming news from any Org from their Management? Layoff Leadership Changes Mid Year Discussion etc.
What is the driving force??
If citi going to be sold (by bits and pieces or whatever) or things are going bad and if that is an open secret (as per this site) who and what is the driving force still? I know my manager is an a--hole who comes to ofc and be happy that re org gave... — read more
HR is the biggest joke ever, even in the aftermath.
Good Lord, the debacle. You can have two people in Citi who can be in the same location, same team and have the same manager. Both get let go. One can have all his HR paperwork, last paystub, severance etc… any of it and all of it sent to them in... — read more
Recesion?
in my mind there is one though that at some point Citi mgmt actions are reasonable in terms of "bad" times Push so many employes at lowest possible cost and some threads of problems with findings new job and lack of interviews can somehow confirm... — read more