Heard some possibility of moving SVP / VP roles to MC/LC zones. Not sure 100%. MC / LC are going to be workhorses and HC might be pure drivers

Anyone has info if there will be layoffs in EO&T or just reorg in next two weeks ? I thgt my team might have layoffs given that we are too many for the amount of work. However they hired more folks this month n mgr said only reorg gonna happen..

Im wondering if Citi is going to give us our 401K match this year especially since it seems Citi is having money problems.

Should I be worried?

If you were approved by HR and your boss to be 100% telecommuter and it is in your profile what happens if they want you in the office and there is no office in the area? Would you be entitled to lay off with Severance and Unemployment or can u fire... — read more 

We are off to the races folks, layoff are happening this week into next. By March 28th we will lose about 20k people. Last week we saw some layoffs in nyc. Have you noticed many mds who were telecommuters are now moving to key site locations. Like... — read more 

So we just had our group meeting and they confirmed next week is layoff announcement for our department with those being notified, Jane will make public announcement for the total amount laid off on march 28th. For the ones lucky enough to not be... — read more 

At first this mess was supposed to be completed by the end of the current month March, but at the last second, Fraser slipped in oh by the way it's actually through 2026. Why? Because Fraser is in no position to pay out severance in lump sum... — read more 

Ok, I agree that we need to trim the fat. I just think the layers of MDs and Directors who are incompetent, come up with crazy ideas and then blame others when they fail, are very fatty layers. The idea of a lean, efficient and successful company... — read more 

OT- risk markets - Looks like what I have heard, next list is coming on March 21st and contractors would be majority that will be effected. Rest lets wait for the D-day.Anyone has any other updates?

It’s time to think to update your business practices and customer service. I activated my credit card and I was prompted if I want to receive activation confirmation and My reply was “ yes “ then I hear this message “sorry this feature is not working... — read more 

Jane and Mark are about as stupid as can be. They are both diversity hires placed into positions they have no business being in. How is it that they’ve been in their positions as long as they have been and the answer is to cut cut cut. Then they... — read more 

Yes, I am aware, if I don’t like it, I can get off the train. I am aware, we all are aware. I appreciate the motivation.

Reference Links: https://www.bcg.com/publications/2017/transformation-value-creation-strategy-hsbc-simplifying-organization https://www.bcg.com/publications/2018/transforming-business-through-technology-interview-darryl-west-group-cio-hsbc BCG... — read more 

I'm concerned because there is less work going on in my area and my workload as well. Do you think my team is under the chopping block and management is just not trickling down the info? Additionally, there are more silos, red tape, and people... — read more 

My team lost a lot of competent, experienced and hard working people. We have a hard time reorganizing and coming at least close to the efficiency from before. If the same type of people are being laid off from other teams, I really do not know who... — read more 

https://nypost.com/2024/03/09/business/citigroup-ceo-jane-fraser-has-chance-to-pull-off-the-restructure-of-the-century-bring-banking-empire-back-to-its-former-glory/

Are the keystones located in certain cities, LOB's, etc? I'm having trouble trying to make sense of things.

Is it me or anyone has noticed that whole MCA in Wealth Org is a mess right now. They don’t hire people, but letting go people and now all the mess is left behind for some employees to fix…how can you fix things when you spend most of your days... — read more 

What’s a better time to virtue signal when a decent number of positions affected or to be affected were held by women.

Mine looks like everything but RTO en masse. I am beginning to think that RTO, like so many other things, will never really happen and it will get reshaped and changed many times as a strategy until all those jobs are outsourced to Moon. Corporate... — read more 

It’s hard to be motivated. We are told to, think outside the box, automate, work smarter not harder, simplify things, remove excessive layers, mitigate risk etc… Then we, cut back on staff, complicate steps with more processes, demand to do more... — read more 

To any young person considering joining Citi beware. If you get hired by Citi go for it. Get the Citi name on your resume. You’ll learn very old outdated processes and get no real world industry experience but atleast you’ll get the big name on your... — read more 

Has anyone suffered any consequences for not going into the office 3 days a week (A warning, written up, rates less than a 3)? My site is still a ghost town. There has been no mass return to the office.

Do you think lots of h1b workers will be layoff. As h1b counts are more in VP zone.

Feels like the quiet before the storm 😴.

Where can I find severance internal policy for Europe PLC Poland, It was mentioned on the totally useless Q&A about mass fu----f.

https://asianprivatebanker.com/private-wealth/people-private-wealth/citis-south-asia-head-of-wealth-resigns/

https://www.reuters.com/business/finance/citigroup-hires-don-plaus-bofa-lead-private-bank-north-america-2024-03-06/

If you are actively looking for a new job, how many is enough to give you a chance of landing something?

I'm sure at the highest, EMT- level, people know way in advance, but I'm talking about direct managers or maybe even their managers. Would they know like a week or two in advance or is something they find out at the last minute? Kind of curious to... — read more 

https://www.efinancialcareers.com/news/citi-generative-ai-in-investment-banking

What’s the latest? Seeing some updates from Europe. What about the U.S.?

Wondering when at risk will be notified

Hearing of at least four in tampa. Anyone hear of group managers or analysts???

At Citibank Europe Polska the current proposals affect 485 roles (less than 7% of our employment). For some people, this means a change in role or a proposal to take on a new role. For some it may mean leaving the firm. These are difficult... — read more 

I wish I could believe this will be done in four weeks and we'll be able to go back to business as usual, but chances of that are slim to none. A floodgate has been opened and it's going to be really hard to close it, especially with those at the top... — read more 

The U.S. labor market, for as tight as it has been over the last couple of years, is about to get a little looser, experts warn. In California, New York and Washington, companies are gearing up for a steep number of layoffs affecting a wide range... — read more