In my department, it feels like a split between job hunters and those not-so-secretly wishing for a layoff. Trust in management was shaky before, but now it's completely shot. The vibe is a blend of uncertainty and discontent. It's never been this... — read more
Does cracking whip really work? Lessons not learned.
Sure it works for a bit but in the end the do more with less. Have more aggressive deadlines and complicate processes does not provide the long term results you may want. Result is, you have employees doing the work of 2-3 people, finding ways to... — read more
Citi Risk to Exercise more pressure.
https://finance.yahoo.com/news/citigroup-c-pushed-fed-speed-143700288.html
The new scrum masters
Did you noticed in recent days in all Organization the old junks and favorites are tagged as "Scrum masters"
Citi counterparty risk
https://seekingalpha.com/news/4065450-citigroup-gets-new-notices-from-federal-regulators-on-counterparty-risk-report
Next layoff date?
Does anyone know if layoffs are officially scheduled for March 20th or is it just a rumor? Also, was there any announcement regarding layoffs on Feb 20th? How can we verify this information and prepare? Any insights on where to find reliable updates... — read more
Out of all the section that should be trimmed down the most, HR would be it.
Layoff the bulk of them and outsource what HR you need as you need it. They never respond and when they do, they give the least obfuscated answers they can give. Most often times its a link to the FAQ which in turn usually does not answer the... — read more
New Payroll "ASR" Information
Hi, all. The pay bands got posted today. Does anyone know how to interpret the max. "ASR" number? I am hearing all sorts of stories. Some say it's the maximum salary currently being paid for that C-level for your department (or division) for your... — read more
New Fed Rebukes
https://www.reuters.com/business/finance/citi-hit-by-new-fed-rebuke-setbacks-consent-orders-2024-02-12/
Why do my posts keep getting deleted?
I am in HR and have given direct, factual, objective answers to some questions being posed here, and the mods keep deleting my posts?
Global Updated
Have you guys seen that global has been updated. Past communicated moves are now in global directory with more changes to come.
Next Layoff News
When and How to know which Services impact most and region wise ?
When’s next round of layoffs in US?
Anybody got info from their seniors as to when is the next phase of layoffs in US? Is it end of February?
Feel bad for the people joining
Most of them are lured into Citi with big $$ and then find out they landed in a wasteland and bonuses are the worst. Then it’s all about survival and Lord of the Flies. You may as well forget about banking and winning deals in the marketplace, as... — read more
My job is kind of a joke
I work in somewhat of an operations role but more of a control in the process, but still a cog in the machine that inputs stuff. It's both analytical and mechanical, but it honestly seems kind of pointless. some days of the week, I have almost no... — read more
Managed Projects consultant jobs
Wanted to find if consultant/contractor jobs in 3rd party managed projects (from companies like Wipro/Infosys L&T,TCS, Cognizant etc.) safe? Have a offer via one of these for technology managed project and evaluating if safe to join
Ciri is paralyzed in fear
Is this what you wanted, Jane? Zero productivity and paranoia?!
Consultant Job Security at Citi Post-Restructure: Seeking Advice
Hi, After Citi's recent restructure, some other consultants are being laid off by Feb 20th, but I wasn't included in the cuts. With March near, I'm uncertain about my job's security. Not being part of any team, does this make me less secure? If... — read more
worker bees
What do you do when you're silenced and have no opinion or voice? You become a worker bee. your creativity isn't welcomed. you can't leave yet because you have family. you try to find a job, but its hard. what do you do? 0m ago by Anonymous
If I got promition, whcih means i will be safe from Layoffs?
If I got promition, I will be safe from Layoffs?
Who knows that layoff status..when they will inform..
If we are not included in mettings..can we assume that our position gone.
How do you get notified?
For those that where laid off did you receive an email or letter confirming you last day?
Internal openings
As someone needing to find a new position (internally hopefully) I've noticed that there are very little job postings going up. From what I've heard and experienced it's very hard to get a call let alone an interview. Any insight on this is much... — read more
I have a feeling I'm being driven to quit
I'm not the only one who feels this way in my group. In the past several months, micromanaging and negative comments have both increased drastically. My boss never used to behave this way, which makes it even stranger. It's like he received a... — read more
HR intentionally lagging on severance payout, at least that’s how it seems.
Just another example as to how useless HR is and needs to go. From reading post after post, it seems that HR is holding back on payout to either: a.) continue to gather interest off the money instead of paying it out or b.) hope you’ll be desperate... — read more
6-12 mos break after a layoff?
Anybody is thinking to take a 6-12 months career break after a layoff? Instead of jumping on the next work opportunity take time to focus on traveling, hobbies, socializing, mental health, spending time with family..
Layoff severance terms - US
Can someone please confirm the severance structure for the US? I’m hearing 2 weeks for every year served OR depending on annual pay (for example $100k+ minimum of 12 weeks) plus Warn period? Is it the 2 weeks per year or is it based off the annual... — read more
Does it seem quiet?
Feels quiet in office lately but a few zoom meetings. Does anyone feel the same and everyone is waiting for something?
managing-up
https://www.efinancialcareers.com/news/Andy-Sieg-Citi I always thought this the case at Citi- managing-up. I see some MDs all the time going around with their bosses MDs, I wonder when they even work
Mass layoffs hurt people, companies and society
“The ubiquity of layoffs has convinced a generation of managers that there’s no other way to do business — that periodic downsizing is necessary, even beneficial to companies. But it’s not. Regular layoffs are a perfect example of a widespread yet... — read more
Severance lawsuit needed?
If you are laid off and you are to get the severance+WARN yada…yada…and as I have seen on this board, Citi dragging their feet on the payouts…. I assume its to encourage you to take just any job at all, which in turn stops the severance+WARN payouts... — read more
Managers exhibiting odd behavior . . . ?
Like everyone, I have a chance of losing my job but am really not that concerned (odds of dismissal are low, I think). Regardless, my manager is involved in the layoffs/reorg exercise and has been acting very distant, disorganized, and very hard to... — read more
Payscale release in Workday
Are the salary ranges still being released in Workday? I heard they would be visible Feb 2. Has anyone been able to view their range?
Focus on layoff info
Why this forum is converted into a forum assorted topics with cribbing about what others are getting and why others are not belong laid off. Some are also focused on rediculing Jane and HR. Why can’t some moderate the forum and keep the focus. — read more
Giving notice
Assuming you are not tagged for layoff and you give 2 weeks notice, can you change mind and offer to continue during that 2 week time period?
After signing severance papers
Do they send you some offboarding package, like leaving citi handbook and details about deposit of severance funds, copy of signed severance from their side, anything else? Or just directly deposit funds in account?
Vendor consultants & H-1b1 visa employees
Have these groups really been impacted. It seems like there is still a lot of people in this group who were not laid off/contract discontinued last year or last month. Shouldn't contracts be up for revision for consultants by now with it being 2024?... — read more
Interesting article regarding balance of power shift to employers
https://www.forbes.com/sites/jackkelly/2024/02/05/the-balance-of-power-has-shifted-toward-employers-what-this-means-for-workers/?sh=689e72f45a2e