Please everyone, stop referring to your many years or of experience. Banking is a profession where experience means nothing - it is not as if you are brain surgeons or plane pilots. Couple of years are enough the learn the most intricate of functions... — read more 

Been with Citi for over a year and I did well my first year, but I’ve been spending this month weighing why I could be on the layoff list vs why I won’t be. To add more stress, I am the sole provider in my family of four. I am in a central hub... — read more 

For your own sanity, count on layoffs in all departments. Whether your group was already affected or not, whether you were told it's over or not, or whether you are already working as a skeleton team, do not assume you're safe. Being mentally... — read more 

Recently, I was the only team member laid off, quite unexpectedly, considering my consistent high performance and recognition for solving complex issues. It seems decisions beyond individual performance were at play, specifically relating to budget... — read more 

Laid off as the only one in my Android team, despite being a high performer, second only to the lead. Received regular praise from the lead and solved complex problems, while my peers contributed less. Rumors suggest my higher salary and non-priority... — read more 

I was laid off in the early 2024 wave, and I still have some questions regarding Citi benefits. Since I have no idea how long it will take to land my next job, I want to be careful about my cashflows, especially the coming expenses and income. .. — read more 

“Empathy is foundational to how we deliver for our clients and how we attract and retain talent.” This is a quote from Jane. Is this some kind of sick joke??

If it is any consolation, most of those laid off were not chosen because of performance.

Anyone know if the next wave of NYC layoffs in the next 2 weeks will qualify for WARN period payout? Or will it solely be severance? Not quite sure how to decipher the DOL posted notice as there was a November 2023 date referenced.

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/