Not sure why they had to mask the cost-cutting with the term "restructuring". It is pure cost-cutting, let's be honest.But from what I have seen from the inside, it is needed - Citi is like a government institution - there are many people working... — read more 

Opening a thread specifically for services. Any intel anyone can share on layoffs in TTS and/or securities will be helpful to track here. Any knows anything?

What positions, countries/locations, levels (C10-15)? Any insights?

I have worked at Citi and another top US bank (XYZ) and can say that XYZ's employees are miles ahead. Most of my colleagues at Citi (middle office) can barely speak English, the emails and documents they write are borderline readable and sometimes I... — read more 

Hi, Guys, I need to know how much I have contributed to my 401k account while I was in Citi. How do I find out? What is the website and number to call? Thank you!

For me, the first thing is to try to reduce it to two pages. I have many years of experience, and my CV expanded to 4 pages. Also, the market is bad, the old CV that got me many interviews does not seem enough. Please share your CV polishing... — read more 

Please share the information on preferred vendors for other banks. I am personally interested in bank jobs, so I am asking for recruiters and placement companies in that sector.

I'm usually so excited as soon as we enter December, but that is missing this year. How am I supposed to focus on lights and gifts and a tree when all I can think about are January layoffs? Did they really have to announce layoffs so much in advance... — read more 

Reading the comments on Slido, is it any wonder why management wants to fire tens of thousands of people? 1- One loser asks if Jane can "expediate" the process. Can you please do spell-check or consult a dictionary before sending a message to the... — read more 

Just meetings and team politics

Plenty of questions already asked on Slido....but when will our CEO answer?

I used to, years ago. But things have shifted drastically and I now feel like a number and nothing else. Citi used to, if nothing else, respect its best employees and reward merit. What happened to that? When did we shift to punishing the best... — read more 

Any word on whether next round of layoffs would be announced in Dec or later in Jan? I found the email communication from different leaders 2 weeks ago to be quite vague.

... — read more 

Jane Fraser's sweeping changes are going to put Citi in a good strategic place. To those unwilling to adapt to these changes, you're the exact definition of bystanders. The message is crystal clear, we have a fast moving train so please stand... — read more 

Post after post of “when are they laying off next”,”who will it be”,”what level will it include”,”which regions” etc….. Who care? I’m telling you now, and I’ll place it in all caps to draw attention….OTHER SECTORS ARE HIRING!!! Forget the... — read more 

My C16 has been given guidance that year end evaluations AND comp convos are moving from Jan 2024 to Dec 2023..just for this year This means any comp changes happen before year is over. Anyone gotten similar info?

Has anyone else heard 12/13 as the next date for hearing about more changes?

If you are a member of the Citi Group common stock fund in your 401k you get a proxy each year. Make your voice heard and vote against Jane for the board! You can even make your vote anonymous!

I will bet they will dodge the Project Bora Bora questions.

Free article: https://finance.yahoo.com/news/citi-bankers-leave-jefferies-municipal-203105781.html From Bloomberg (quoted... — read more 

Article: Citigroup's curious restructuring: "Chairs moved around" https://www.efinancialcareers.com/news/2023/11/citigroup-restructuring So the CEO's still just moving these higher ups around? I know some people are leaving on their own too... — read more 

Four days are not enough for me to feel refreshed and recharged - not with everything we have to deal with on a daily basis lately. I don't think any amount of time off would help me feel good about going to work again. Citi utterly decimated both my... — read more 

We all know Citi has been bloated from a headcount standpoint. However, layoffs will only satiate Wall Street so long…. Leadership team is just rearranging chairs on a boat about to crash vs figuring out how to steer clear of the iceberg.

I know this is an irrational fear, I know we know we are done for the year, but I still have this feeling I can't get rid of that's making me think they're gonna drop even more cuts on us as soon as next week. I'm this close to quitting and accepting... — read more 

anyone has more information on this?

And Citi is failing majorly.

Happy Thanksgiving! I know everything about Citi is bad right now, but don't let that prevent you from enjoying this day with your family. This is the perfect time to try and let go of this cr-p and recharge your batteries. We all know we'll need it... — read more 

Anyone actually know the reasoning on who exactly gets cut? Is it money, length of being there or what else?

Will I get at least 48 weeks of severance? Is there a cap? The language on the handbook is a bit convoluted.

There is no indication that these teams will be merged with any other

The RIFs will be non stop until the end of the Q1. Best to start looking now. May the odds be in your favor.

From another post but true all the same. Copy\paste job below. “What have you got Jane to lead us into the light” “I’m the first Citi female CEO” “Yeah, we know that, so what are your plans to bring in revenue” “We’ve increased hiring, necessary... — read more 

I am assuming MDs are not tied to the regular severance packages. What about Directors?

Did anyone get assurance at any level that even though there is revamp your role is fine? or are your managers giving ambiguous reply when you ask the question - what about my role? Curious..

The one thing that the big C has done for me over the years, is that it has made me numb to it all. Citi has made sure that I’ve been beaten down so much with the threat of an impending layoff that it no longer registers as a problem. Yes, I know... — read more 

We will likely have the next 'big' round at the end of Jan 2024; apart from the notice period, will any redundancy pay be given? I checked the handbook, and nothing is mentioned there. Thank you, and best luck, everyone.

i havent heard anything yet

Looks like the peons are going to bear the brunt.. The fat cats will keep their jobs..