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Hi there! I'm a business journalist working with Bank Automation News, and I'm looking into the wave of layoffs that has recently hit many major banks, including Citigroup. If you were laid off in Citi's last round of cuts and would be interesting in... — read more 

I have been told by people in HR that they are in the process of putting people into buckets based on various metrics Save whatever you can, and be ready

I haven't heard of anyone being laid off, but people here write that layoffs are happening in some departments under the radar. Can anyone provide more information?

https://www.wsj.com/articles/jpmorgan-jeffrey-epstein-525febe3?mod=hp_lead_pos1 JPMorgan Chase & Co. had ties to Jeffrey Epstein that ran deeper than the bank has acknowledged and extended years beyond when it decided to close the convicted s-x... — read more 

next round of layoff time frame?

CNBC had financial analysts speak about the current economic health of the country. Eventually the topic came around to the banking system. Out of of all the big boys, they listed Citi dead last when it came to buying Citi stock. They all agreed... — read more 

Does your manager get report on the time in office? Do they need to discuss with the staff if below 3 days a week and marked somewhere? Is the policy same for technology hubs like Tampa or Irving?

I am quite interested to find out the quarterly results ...

Trolls have no life and belong under the bridge. They made a new D & D movie for you to watch

Citi likes to fancy itself as edgy but RTO to build culture and relationships is old school thinking. Simply put, major talent looks elsewhere for employment when considering who to work for.

From another post in regards to layoffs—“You’re looking at it all wrong. Its more important to give Jane an extra 2 million to up her pay to match some of her peers who are over other banks. We have an aggressive ESG initiative planned out. So to... — read more 

Andy Sieg has left Merrill Ly--h after six years at the helm, according to a memo sent by Bank of America CEO Brian Moynihan to staff and seen by Barron’s Advisor. He is returning to Citigroup to serve as the new head of Citi Global... — read more 

So I call into the help desk, which is no help at all, wait for days from a field tech to contact me. I don’t understand when the helpless help desk cannot help me, why they laid off a bunch of techs who can actually help but now can’t because they... — read more 

I’m considering applying for a job at Citi PB in NYC, does anyone currently work there and know what their policy is re WFH? I heard citi is still largely hybrid, but don’t know what exactly that means and how enforced it is. Any insight is... — read more 

Greedy and disloyal - -Employees who quit for higher salary. Brave and strategic - -CEO’s who layoff workers for higher profits. Classic.

Depending on which flavor you use, this bad boy is vetting code, scripts, business proposal, crunching numbers, outlining work flows, streamlining processes, investment decisions (robo investing has been out for a while now depending on the vendor)... — read more 

I don’t want to go back to the life I had before. I’ve never been closer to my family thanks to the extra time I get to spend with them instead of commuting. I still work hard. I do my full hours and then some. And I’ve never been happier. I hate... — read more 

Anand Selva, who leads Citi's personal banking and wealth management business, was promoted to the newly created position of chief operating officer. Selva, a 32-year Citi employee, takes over responsibilities previously held by Karen Peetz, who... — read more 

I have decided to go to office when I can. I have early calls most mornings. I work with other leaders who refuse to go to the office and who have stated daring their managers to fire them. How can Citi apply RTO evenly and be consistent through... — read more 

Now that Citi has dropped the jab mandate, are any of the people who were fired for refusing to get it, being hired back? Suing the company?

A new academic study on 2023 bank fragility concludes that 186 U.S. banks remain vulnerable to a run on deposits that doomed Silicon Valley Bank, Signature Bank and Silvergate bank in the past week. The paper by four professors concludes that the... — read more 

https://www.cnbc.com/2023/03/17/jpmorgan-ceo-jamie-dimon-aware-of-jeffrey-epstein-trafficking.html

Next 2 weeks critical Expect more than the initial 1% may be 5% before the month is over. Probably lots in technology locations

A few banks have gone under here and there, so what. Jane managed to grab another 2 million for herself and I’m sure there’s a rather secure safety net for her in case things take a turn for the worse. She’s going to be just fine. So you guys are... — read more 

If so, who, what, when, where?

Anyone know if its possible to move up from a C12 to a C14?

I think layoffs need to be percentage based. If the Citi work force is 80% men and 20% women, then that should be the layoff percentage. If you need to layoff 100 people, then that layoff pool needs to be 80% men and 20% women. 8 males and 2... — read more 

Once a team has been identified to have RIFs, at Citi, is it common for layoff criteria to be primarily performance ratings? 4s get laid off first, then 3s, then 2s, then 1s? Or is it more about white males get let go first, then white females... — read more 

The ebb and flow is as this. Recession hits and jobs get scarce. Management knows this so they leverage these times to really crack the whip. Team meetings will be peppered with implications of “work hard, longer and more often” “there’s plenty of... — read more 

Signature bank stocks falling, and seeing the worst times ever. We all in the banking world should be concerned.

Pressure won’t get any better. The impending recession will be used as a tool to make you take on more and more and more work with tighter and tighter deadlines. You’ll hear the implied “do it or else”. You’ll hear the all famous “times are tough... — read more 

Area: Tech Tenure: 2.5y Package: 2 months paid + 4 months

Very quiet here so things appear to be settled and back to normal

That’s all. That’s the message. Not sure why I’m venting here. It’s the internet. But I feel lost and overwhelmed. Been at citi for 14 years. But now is particularly tough. I’m overworked but I put stuff off, drop the ball on items, not interested in... — read more 

So each company lays off to show financial responsibility. Company A lays off and company B lays off. Each one opens up positions to fill what they laid off. Company A and Company B just ends up trading employees. Each company claims we are... — read more