I see tech teams being moved from one country to mine but they are hiring the same people and paying for their visa and relocation. How does this make sense when we are supposed to be saving money? Also, if Citi is making you redundant purely to... — read more 

https://www.reuters.com/business/finance/citigroup-offers-partial-early-bonuses-encourage-departures-bloomberg-news-2023-12-13/#:~:text=Dec%2013%20(Reuters)%20%2D%20Citigroup,people%20familiar%20with%20the%20matter.

I recently discussed the impending layoffs within our team with a colleague based in New Jersey. We’re both hoping to avoid being selected for layoff. During our conversation, my colleague mentioned that our manager assured him that he is working to... — read more 

Did you notice an increase in roles with no real purpose? How many PowerPoint warriors does Citi need? How important is it to go from a meeting to a meeting where they keep repeating the same things over and over again? How come they are not the ones... — read more 

I freak out over everything.

If an MD has been offline for two weeks with no OOO on, is it safe to assume they are gone? Within Risk.

I will say I am glad to see one of the most toxic, degrading and demeaning MDs leaving. She would yell at her managers if she had low VOE scores, demean her managers in front of others and degrade them. If you worked there you know who I am talking... — read more 

Following the MD promos - Lots of D and SVP will be promoted this year. Will be announced over the next week. More people to manage the few(er) people doing the work!

I've been trying to find a new job for months. I have no problems getting interviews, but more often than not, I get ghosted afterward. Is this normal? Am I doing something wrong? I don't expect to receive an offer after each interview/set of... — read more 

Sounds like this week is going to be a bloodbath

All the medical plan cost is rising in January without any hikes this year. If you are not aware, check in CIti's compensation and benefits website.

I recently joined Citi around 2 years ago. Over these 2 years, I noticed several cheap politics being played around. #1. Vendors: Vendors give holiday party and perks to Citi employees for hiring their employees. Citi managers eat and drink on... — read more 

https://www.youtube.com/watch?v=3njfN0IOz38

I heard someone says BCG is involved in the decision to "reorganize" and layoff. My reaction is - oh.. that explains it.

We make the firm so much $$$ and we don’t even have a nice holiday party.

Seems like a large number of jobs (at DIR/MD) are very quietly opening up internally. . . and very quietly being filled. Recent example: new head of MCA. Anyone else heard/experienced the same thing?

This forum really showcases the toxicity in Citi. We are supposed to be here to discuss insights into layoffs across the business. Instead we have s-xists, racists, bigots, judgemental a--holes, and know it alls. Barely anything productive being... — read more 

Including me, of course. People are fed up. Many of us are not even going to wait to see what will happen in January, even if it means leaving severance behind. That's how badly we want out of this mess. I don't know if that was the aim or not, but... — read more 

This is where the Benny Hill chase music starts playing. Well done Jane, well done. You should give yourself another multi million dollar raise for that one. Again keep Jane if you want more of the same.

Is there no one else wondering what the devil these people did to make MD? Cut Citi’s contribution to benefits the most? Made Workday as unusable as possible? That is 3% of the total.

While there I suffered retaliation for reporting tista, verbal abuse, demeaning verbiage and all kinds of treatment that proves they don’t care about anyone who works for them. This is not a company worth working for. I would live under a bridge... — read more 

How am I supposed to focus and do my work with such huge layoffs hanging over my head? My productivity has taken a major hit and I don't even have the strength to care. I'm mentally and emotionally exhausted all the time. This is such an inhumane way... — read more 

Was this global today or just in some regions?

https://www.reuters.com/business/finance/citis-2023-revenue-expected-be-lower-end-forecast-cfo-says-2023-12-06/

So very rough back of the envelope call stillcome back at 20k+ jobs 200k fully loaded avg employee cost (inflated by upper levels) or 50k for average 3 month severance package. $1B/50K = 20K jobs

People who knew what they were doing were kicked out. Those who know how to kiss the right behinds and nod their heads in affirmative to everything they are told are still here. If you were wondering why Citi was failing and becoming such a toxic... — read more 

I have been told, by several people, that the GFT reorg announcement is coming this Friday. Has anyone else heard the same?

So I’m hearing that Phase 3 layoffs (not sure at what level though) will be wrapped up before Xmas. Perhaps so as to avoid bonus payments…. Anyone else heard this ?

Because if they don’t then that means it would be really difficult to find internal opportunities during WARN period without having access to the system. I hope it’s something they can do if we ask/negotiate?

https://www.efinancialcareers.com/news/2023/12/citigroup-brutal-job-cuts

Will they be 50% of what they were last year? Zero? Same? Surely some senior management folks on here who can share what they have heard

I spent three years at Citi under a manager who lacked essential management skills and dealing with toxic team dynamics. This took a toll on my physical, mental, and emotional well-being, and it negatively affected my relationships. I left last... — read more 

Is everyone who is being laid off as a part of this restructuring effort will be given warn period/pay (60/90) days? Did any MD who was let go mid-Nov is getting warn pay? What about the rest of org: Directors, SVPs, etc that will be laid off in Jan?... — read more 

As part of Jane Fraser's strategy, Citi welcomes constructive criticism. If we are to rebuild Citi to its glories days, management asks to remain upbeat, cheerful and hopeful. Negativity and reckless rumors breed low moral. Industry insiders like... — read more 

Jane Fraser is competent, seasoned and empathetic female executive in the history of Citi. Her strategies are welcomed by the board, investors, the markets and employees. The current restructuring will make Citi lean and efficient. The result, Citi... — read more 

Anyone know if any MDs were laid off from Mike Whitaker or Jim Adams organization?

Why is citi still hiring and issuing offer letters and not doing a freeze when we are laying off thousands . Or is the company planning to sacrifice those newer ones during the culling

Any insides to what extend Citi Europe/Germany will be impacted?

I started back in March. I am wondering has Citi always been behind the curve when it comes to benefits and bonus. No pension or extra contribution into 401k No stock options or stock purchase place Insurance is way too high only 8 weeks... — read more