https://www.forbes.com/sites/jackkelly/2024/02/05/the-balance-of-power-has-shifted-toward-employers-what-this-means-for-workers/?sh=689e72f45a2e

Attracting and retaining top talent will always be an impossibility for Citi. They are so hard set against paying at the lower end of the pay scale and so begrudgingly increase your pay slowly over years. It also warrants mentioning that the job... — read more 

How many are left to be let go?

“Sieg is taking aim at the culture that led to poor results. He told staffers at a town hall meeting to manage-up less, which led to a flood of supportive emails from those who tuned... — read more 

This is my "first round" working for Citi and since I was the chosen one, I'm not sure how tough it is or not to get a job at this company. Anybody that has been out and rehired, is it highly competed and tough to land a job at Citi or is it fairly... — read more 

Can we express our interest to HR to include me in layoff list(if company willing to compensate severance) instead of direct manager?

Whatever gains Jane was hoping for from the Bora Bora shakedown will more than be offset by Citi’s inability to hire decent talent for decades to come. Basically a slow motion train wreck that is continuing to corrode Citi’s credibility and... — read more 

https://www.bloomberg.com/news/articles/2024-02-02/bank-of-america-cuts-moynihan-pay-3-to-29-million-for-2023 https://www.wsj.com/articles/bank-of-america-cut-ceo-brian-moynihans-pay-6-in-2022-11675462048

We were told final organizational details would be by end of Feb, ahead of schedule (Jane messaged everything by end of March)

So Buffet bought 3 billion $ in Citi stock, then later in the year advises ( or should the word instructs be used?) Jane to continue with the layoff. How is this ethical? ... — read more 

Should we assume that every job that gets posted internally is already earmarked for someone else? It sure does appear that way.

I have been with the firm for 20 years and today for the first time I got an email saying they were changes to my spending account that could be cause due to leave of absence , or missing a payroll deduction. Why would they need to make a change if... — read more 

Everything seems ok and BAU Everyone in our group very busy with their routine work, working hard and not worried.

Things are becoming too poisonous with the existing management approach. Plenty of politics. Idle managers sit more idle. The bee workers are kept busy. It is tempting to move out, lowering energy levels. Every day, I see instances that make me... — read more 

Every other day someone asks if layoffs are happening. Yes, they are happening. The layoffs are happening almost every week across different departments and different levels. I think is counterproductive to have 10+ post with the same subject. So... — read more 

Citi HR, true to their nature, provide little to no help at all to those being let go. Not a surprise by any means. I mean they don’t help you while you’re employed, why would they provide guidance when you are let go. So let’s look at what they... — read more 

Good luck in the next round

Is the hiring still going on?

How long after being notified of layoff does citi send severance papers? How long did it take you to get paid after you signed your severance papers?

Citi senior management are sorry to have to let some valuable employees go. However are they keeping more valuable employees or just talkers or brown nosers? Imagine a group with all talkers who are presenting a few doers’ work and all try to comment... — read more 

People are starting to feel even more pressure. We are losing our morale. We blame others for failure. Must stop the madness.

Any layoffs communicated this week?

When are the next round of cuts (feb or March) ? And what areas will they affect?

meh… I’m numb to it. The pending threat of layoffs are so prevalent over the years that I’m numb to it all. It gets old. Don’t get me wrong, I have bills like anyone else and need a paycheck like anyone else. It’s just so old now as its constantly... — read more 

Does anyone know when or what is next? So far it is not clear who is in and who is out as the Org Structure is only published until L4 or L5. When will they publish more details ?

Gotta love it when you are on long term disability and you get laid off with no word…

I guess the writing is on the wall for me, I got a horrible new manager spring last year who actively works to discredit my experience or work. Ranked me with all 4s in the rating which I have challenged, if the rating gets changed is it worth for me... — read more 

Help with some of Inspirational Leadership you had in Citi. Any scenario's where your Boss/Manager stood for you ?

How is the restructuring impacting control functions like Legal? I left for another large bank a year ago and the team seemed thinly staffed and stretched to begin with. Is the plan still to hire in low cost places like Tampa?

Yes, there are other circumstances, but I truly believe your direct manager ultimately decides. Those who believe that the manager doesn't know until the final hour are deluding themselves. I believe they know and may know months in advance.

With the end of Feb and March looking like the dates to perform the against the organization, how is everyone feeling about the communication so far from their leads?

I have an offer for BISO position in the US. Can anyone comment on if the IS area is being downsized? IS is usually pretty safe, but i read about pieces of Citi being sold off or eliminated and not sure I would be stepping into a short term gig and... — read more 

I hear conflicting reports on the status of Contractor layoffs. Anyone have any firsthand knowledge of the situation, especially in Risk Department?

If employee resign on 1st Feb after bonus is received in his bank account, will Citi claw back the bonus?

But too many teams and leads. Should have three or four teams with 15+ analysts each. Only one svp group manager… This will help with efficiency and slas…

What's going to happen with ISG?

https://dol.ny.gov/warn-notices