Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

The history of Citi

The 2007-2009 crisis destroyed Citi. It’s just a zombie bank . Citi received 2 trillion bailout and the stock is still down 90 plus percent . However you slice and dice it . The mortgage crisis that started in 2007 was created by lax and bogus... — read more 

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| 1600 views | | 2 replies (last November 18, 2023)
Post ID: @OP+1pEJEZZE

Media Coverage

Let's use this thread to share any good articles we find

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| 1400 views | | 2 replies (last November 17, 2023)
Post ID: @OP+1pDWYgGq

According to FT Mondays the big day

Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up... — read more 

Failed leadership

With the level of verbal abuse, retaliation, unethical practices and old-school leadership I expect all who don’t join their train will be let go. I know many hoping they will be let go with a package of any sort…

Expose Citi leadership that has lead Citi into crisis

Citi is where it is now because of failed leadership. Citi leadership lacked sound strategy, no vision and they are utterly in competent. Now as a last resort, Citi is laying off people to overcome the shortcoming of poor leadership. Basically... — read more 

Any layoffs in PBWM yet?

Anyone hear about layoffs in PBWM yet? It’s been extremely quiet last few days which is strange…

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| 2411 views | | 5 replies (last November 17, 2023)
Post ID: @OP+1pDYmcvM

Any ICG exit predictions?

What are people who work in ICG doing now that all the committees have been axed? There are such high numbers of MDs- surely a lot of layoffs in that area?

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| 2481 views | | 5 replies (last November 17, 2023)
Post ID: @OP+1pDief2e

Scary friday

I am Scared to go work today. Applied sick leave

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| 2662 views | | 8 replies (last November 18, 2023)
Post ID: @OP+1pDRHeRr

Impact on teams that are currently short staffed

Was wondering if many teams within finance, tech, internal audit, compliance etc. That are currently short staffed, would there be many layoffs? Was wondering what can happen if cuts are made within teams that are short staffed already?

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| 2140 views | | 7 replies (last November 19, 2023)
Post ID: @OP+1pD6jGZJ

Chief of Staff being laid off

Are they being rolled into other roles are they just gone? What will MD's do without them or are these getting the axe when their MD's do?

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| 2663 views | | 4 replies (last November 17, 2023)
Post ID: @OP+1pD08eE2

Silent layoffs

How is this being kept so quiet? Are they asking the people who were laid off to not talk about it or something.

Is WARN applicable to TX based employees?

Been trying to google it but getting conflicting info that it is applicable but somehow it isn’t in some cases. Friend was laid off during mass layoffs in another company in TX this year and didn’t get anything

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| 1601 views | | 4 replies (last November 16, 2023)
Post ID: @OP+1pCyVOOl

My team was already affected

I'd like to think that the rest of the team is safe but it's still hard to fully relax. Our manager didn't say anything but isn't it usually that once a team is affected, they are done for that particular round of layoffs? Or am I just imagining... — read more 

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| 2960 views | | 4 replies (last November 16, 2023)
Post ID: @OP+1pCMGDUk

Layoffs in NY

I haven’t seen any WARN notices go out in NY. Layoffs must be limited so far.

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| 3810 views | | 9 replies (last November 20, 2023)
Post ID: @OP+1pBngYx2

More Woke DEI BS

In the midst of mass layoffs, Citi is more concerned with 'inclusive language' and trying to be like Google. Anyone else see that ridiculous CTI announcement banning words like whitelist, master contracts, etc. What a joke this place has become.

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| 2350 views | | 8 replies (last November 15, 2023)
Post ID: @OP+1pBh3bz4

Internal Audit

Has anyone from IA been laid off as yet? If so, how was it done? Was HR and chief auditor/or directors involved in the meeting?

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| 2390 views | | 4 replies (last November 17, 2023)
Post ID: @OP+1pBcCack

Just Do It

I'm sorry, but this is kind of ridiculous. The company needs to just go on and be honest with people. Do what you say you're going to do so people can move on with their lives. Enough of the rumors and leaking stuff to the media.

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| 1960 views | | 7 replies (last November 15, 2023)
Post ID: @OP+1pBAiwRM

Why drag it out?

You can't tell me they couldn't notify everybody today. Why drag it out for basically a full week and let us stress over it even longer? Not to mention, some people will find out they lost their jobs a day or two before Thanksgiving. How... — read more 

MAY THE ODDS EVER BE IN YOUR FAVOR

I’m a C11 and honestly nobody is feeling comfortable/confident if they will be here after November, GOOD LUCK EVERYONE! https://www.cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html

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| 2440 views | | 8 replies (last November 15, 2023)
Post ID: @OP+1pBa0teh

Here we go

Let's see if today is really the day or if we'll have to wait even longer to learn if we still have a job or not.

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| 2380 views | | 8 replies (last November 15, 2023)
Post ID: @OP+1pBqHjxg

HR monitoring or not.

I wonder if HR combs through these posts daily, correlates comments and feeds them straight to the upper echelon for consumption. Does anyone have any insight on this?

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| 1980 views | | 9 replies (last November 16, 2023)
Post ID: @OP+1pB0GsYO

No more sleep for me

I guess I should be happy I managed to get as much as I did. Today will be a long, long day.

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| 1660 views | | 4 replies (last November 15, 2023)
Post ID: @OP+1pBWnqmN

It reminds me of South Park underwear gnomes episode.

Youtube that episode and compare. Step 1: Steal underwear Step 3: Make money. What’s step 2? No one knows. Gotta sell the layoffs to the board in January as a true win. A hail Mary attempt to keep the board from voting her out. I do have my... — read more 

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| 1361 views | | 3 replies (last November 15, 2023)
Post ID: @OP+1pBKDK8d

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