Anyone know what’s going on w USPB analytics? They’re like a R&D dept that doesn’t deliver. Feel like something needs to change w them… every group in consumer seems to be creating their own shadow analytics teams bc the actual Analytics dept is too... — read more
New org charts released from EMTS
Hi, within the new org charts that was released today amongst all teams we cannot see past the director. So it is still unclear about SVP, AVP and analyst roles. How would we know if our team was impacted or not if their only showing the directors... — read more
Getting worse day by day
“ Fraser emphasized that executives are striving to move quickly to reduce uncertainty among employees about their roles. Additional phases of the overhaul will be announced early next year, with the full restructuring expected to be complete by the... — read more
Citi eliminated my position back in March/2023 - My salary vs. CEO SALARY
To my Citi friends getting bad layoff news this week; you will be fine, plenty of good opportunites out there. So, I was eliminated from Citi (job discontinued or JD'd in Citi speak) as I was only person in my team not near a "go-to" Citi office... — read more
Leadership failure!
Like many who read this story, my thoughts go to all those facing the turmoil of redundancy in a week when we're supposed to be giving thanks and 5 weeks from displaying festive Christmas spirit. Those involved in all aspects of these events know... — read more
Retail banking
Any MDs or SVPs being impacted in the US?
Any word from SMTs?
We haven't heard anything from our SMT.
The Bigger they are, the Harder they fall
Citi is in a downward spiral and it is in all of our best interests to start looking for a new job. Even if you make it through Janes rolling RIFs, the stain of Citi will always remain.
AML TAMPA??
CRIU (AML) in Tampa, does anyone know if analysts should expect layoffs this week?
This is not a kindness
I don't take the lack of layoffs in December as a kindness or some kind of a Christmas miracle. I highly doubt that's how it was meant. I just take it as another full month of having to stress and worry and see my blood pressure go up and up. If they... — read more
What's your location?
Just curious how far of reach this site has.
Any word on aml in tampa????
Heard some rumblings about aml getting hit hard..
The Truth
This will get worse before it gets better.
Changes for HR
Seems like HR is finally seeing some major changes. Can anyone in that area comment? Looks like Chief HR Lady is losing two direct reports, and many of her direct reports are losing people?
I hope citi Will be respectful and will tell remaining employees next year when layoffs are totally over so people can stop stressing.
Or if not, then it means they want employees to sweat and stress and feel lucky to have a job
Is Global Functions Technology(GFT) now Functions Technolgy?Is James Linnett gone?
I see there is no longer two Co-heads in GFT. Is James Linnett going to diff area or he is gone?
Does this sound right?
Right now they are merging departments together and getting rid of top level management then after this is done, whoever is left at the top, will look at the rest of the people in their group, and then decide who gets laid off. This would include vps... — read more
Risk Announcement: Observations
1: Fascinating the number of MDs in Risk alone who have "Transformation" in their title. Three levels down from Jane, in Risk alone, there are four such people, three of them in ERM alone. 2: How is that ERM saw almost no changes to its MD list?... — read more
Jane’s email - so next cycle of layoffs in Jan’24?
Did I understand it correctly? Is the next cycle of layoffs happening in Jan’24, per Jane’s email? So that means no layoffs in Dec?
Paralyzed with Fear
No one is doing anything. Work has come to a halt. + Thanksgiving week and Holidays approaching. For those who are not laid off, it should be an easy existence for the time being. Enjoy it while it lasts
CTI leadership is gone
Looks like all CTI directs are let go in favor of the existing ICG/PBWM directs in the Co-CIO org, except Chuan who moved into BA group. No favoritism there, lol. Not a very good look for the reorg from CTI perspective.
So this is going to be going on all day??
I read Jane's email. Why drag it out over the course of the day? It feels like a super long email that's pretty much saying no much at all. What's the point of 'Ask me anything'? A lot of questions get censored anyway so I will refrain from asking... — read more
Jane’s email
Just got Jane’s email…whatever changes they announce today are effective immediately. I’m still on my way commuting to work…maybe I should have taken the next train home instead. Stay strong and good luck, everyone!
Silence …. No emails
Haven’t heard anything…. No emails …. No chitchats ….. hope it’s like done in the morning.
I feel sick to my stomach
This will be a long day. Then we'll have to go through the same thing tomorrow and the day after. Can somebody please tell me when did it become acceptable to treat your employees in such an inhumane way?
Good luck
I am writing to express my sincere concern regarding the recent layoff announcement at Citibank. This unfortunate event will not only affect the NYC economy but also many other regions. This is especially concerning since we are approaching the... — read more
Citigroup employees brace for layoffs, management overhaul - sources
NEW YORK, Nov 20 (Reuters) - Citigroup (C.N) employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the... — read more
Tomorrow …. Good luck everyone
Dreading tomorrow but also wants this week to end already …. Just give us the list rather than spreading it out ….
Be prepared now
Make sure you have a copy of Citis Handbook which has all pertinent phone numbers as well as severance info that citi has to abide by since it is in writing. Also make sure you have your HR person’s phone number and email and their managers and... — read more
Don't quit
I have a feeling that prolonged layoffs are a way to destroy morale, create a toxic environment, and have us quit on our own. Unless you absolutely have to, please don't give them that satisfaction. If they want me gone, I'm sure as he-l going to... — read more
Are we mostly done?
I'm assuming that the majority was already laid off this week, and the next week will be just those who were unavailable for whatever reason. Am I wrong in assuming this?
HR needs to go
How has Sara Wechter been allowed to create such an absurdly overstaffed organization? HR literally has MDs reporting into MDs reporting into MDs. Who's idea was it that HR needed so many MDs in the first place? What exactly do these people do. ... — read more
"Citi to cut 50% of internal financial management reporting and Centralize Decision Making"
The statement is all over in the news links. Which teams do they mean by Financial Reporting?
Start the job searching now.
It takes a long time now for resume’s to be vetted and to get an interview. Start looking for a new job now. Months sometimes. If you get let go now or in December or Jan, you already have submitted your resume to other jobs. You’ll already have... — read more
There is a growing calls to remove Jane Fraser, is it because she is a women?
Calls to remove Jane Fraser is growing by the day, is it because she is a woman? This would not have happened if she was part of the boys club!