Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

consultants hold upper hand than employees

Is there any way to reduce vendor favoritism. My manager seems joined citi from Xyz company and favors xyz consultants than employees. Did anyone faced this earlier? I am new to Citi and just under 1 year. I doubt if I can report my manager.

Do you feel like you are in Circus?

Hi , I feel like after re-org actually the least professional people managed to benefit from the changes and now we are all in a circus with clown management showing their seniors they are making something of a value. I really hoped this reorg... — read more 

For those SVP’s who are now IC’s

Do you see it as a demotion or as a positive? My boss is a new IC and in radio fashion he’s moved on. Can’t even see his calendar any more. Dont think he’s particularly upset though..

Leave before its too late

I would recommend everyone be part of the brain drain as opposed to waiting until you’re bumped off the Jane Train.

TH was awkward to me.

The feeble attempts at humor to smooth over rough messages were quite lame. The attempts to try and be relatable to the common employee was lame. They are not relatable, they are not under the same threat of being let go and even so the financial... — read more 

A Consultant's cry...

Vendor consultant at Citi laid off around Jan and on H1B visa. Despite the vast job market, I am struggling to secure interviews. Citi throwed lots of tech and business buzz words. But all are failed projects. Citi still operates on Excel sheets and... — read more 

Troubled Waters

Tesla and Google layoffs increase job market competition, while banks may seek resources at better prices, potentially causing competition for developers and managers.

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ASow work, or new trend to oblivion..?

Alot more work around this time last year... Wondering the hammer will fall. Lawsuites against Citi. Armenians.. Koikie.. Revlon... Now what I am reading..DEI And possibly PIP employees. Analyst saying the bank will go under...with-in... — read more 

severance pay

What I see happening in the future is that citi updates their employee handbooks and cuts severance pay for everybody as this will save them a lot of money. Something like one week severance for every year in US instead of two. Just my opinion.

Everybody is afraid

If the goal of all of this was to create a fear-filled work environment, then it worked. Everybody is afraid all the time of possible layoffs. This is affecting morale, productivity, and overall company culture. Why any leadership would like for its... — read more 

Severance Pay - Canada

Would anyone know how much is the severance pay for Citi Canada employees that were impacted?

Severance Package Outplacement Program

Has anyone from the UK that is being laid off tried to use the package provided by citi, where they have apparently paid for a 2 month program with the company called LHH? I have rang LHH 5 times already, each time I have been told that they dont... — read more 

Proxy Managers, do u have?

Wondering how many of Citi staff are reporting to proxy managers. You were in a big team earlier and now because of reorg ended up with a different manager who is a proxy, and still unofficially report to your old manager. I am seeing many level 8's... — read more 

8K in Citi tech to be let go?

So, going by this: https://www.efinancialcareers.com/news/citi-s-7-000-laid-off-staff-were-paid-an-average-of-214k-each “Citi's layoffs aren't over. The bank wants to cut 20,000 people in total, and so has 13,000 still to go, of which 5,000 are... — read more 

The Train, the train!

If a train leaves London at noon carrying 20 passengers, 5 of whom smoke, in 4 cars, what is the name of the Jane's dog?

Considering contracting jobs

Does anyone knows if while in your notice period you can work a contracting job at the same time without loosing your separation package ?

New York Notice

Was anyone in New York told it was 60 days notice pay? I've heard other people say 90 days in New York.

Town Hall Meetings = Talking in circles!

I'm so tired of these useless town hall meetings where they pretend to "address" questions. What a joke! All is hear is blah blah blah more simplified blah blah. The meetings are only for optics. BS at its finest. Lol.

No clear direction at management level

Other than cutting the number of employees, what did this latest restructuring achieve? What are we going to do moving forward to make sure we avoid a similar situation in the future? Does anybody know? From what I can tell, nothing has been... — read more 

They really want to act like the restructuring is done

like if only the manager layers flattening is the end of it all. It just comes to show that they don't care about anyone who is not a manager. In their books they're done and the rest of us who will be more in the coming 2 years don't matter. It's... — read more 

Post Layoff Communications

I was laid off at the end of March and still haven’t heard from HR. Anyone experiencing the same?

rumours of more layoffs

there are rumours circulating on potential layoffs in significant numbers again...... some of my colleagues have already started updating their resumes and preparing for the worst... while some others are in denial

Back office overstaffered?

When tech is laid off, operation laid off, front office laid off, back off / finance still same, revenue generator or planning the books? Which way is more valuable?

What is wrong with Citi Technology

Layers - more cuts on level 7,8 where SME layer resides. Level 5,6 played musical chairs, cause someone knew someone. Heavy Governance, less Hands On - still too many teams playing coordinator roles and lack core tech competence. Management-... — read more 

Be careful what you wish for

There aren't greener pastures, sorry to burst your bubble. I felt so liberated and empowered when I left my last job until the reality of the new job kicked in. Just like they are price gouging, companies are acting like they don't have money to give... — read more 

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