Whether you’re a heavy hitter or BAU, work vs reward should be honored. Unfortunately a top performer that does BAU work is neglected at Citi. Not all companies though have this point of view. It seems that Microsoft knows how to take care of... — read more
The next Citigroup catastrophe in the making?
Citigroup has tremendous Geo-Political risk with respect to its out-sourcing of Technology development and support to third-world countries (i.e., application development teams and application support teams) most of these teams are either out-sourced... — read more
Citi wage shortcoming galore. Management needs to wake up.
If you have to pay more to hire new employees that means the market has gone up and your current employees need a raise to match. Don't punish loyal employees for sticking with you by allowing their compensation to fall behind the market.
Attrition? Staff shortage? Vs wages
All I hear is that attrition is high with little do no back fill which feeds into staff shortages. Ok, so if you’re down 20-30% to keep what staff you do have, then why not take the pay you wold have given to those that left and disperse among... — read more
Is Citi tracking employees coming in to the office?
I see where some companies are tracking employees who aren't coming in to the office.
0% Bonus Funanza
I got 0% bonus and I am expected to muster great enthusiasm and long hours for [$$$ mysterious bonus amount] next year? SMH, come on now.
Dead bank walking
How can Citi strive to be the leader in wealth management when we keep making mistakes on the scale of billions. The Revlon debacle and now the Europe flash crash. Naturally this will be followed up with some new initiative on risk controls by... — read more
Citi just lost its edge
3 days in the office instead of the 2 that was promised. Why should anyone stay here then?
Are cuts really needed?
I heard some rumors about cuts, but I really don’t believe there will be any soon. Possibly we can expect even more pressure on employees, as a result of which many will leave voluntarily, without packages.... I may be wrong, but... During the last... — read more
Citi says a trader error caused Europe’s ‘flash crash.’
https://www.msn.com/en-us/money/personalfinance/citi-says-a-trader-error-caused-europe-e2-80-99s-stock-market-e2-80-98flash-crash-e2-80-99/ar-AAWRxEZ?ocid=uxbndlbing
Starting over
Once the recession hits and it will, there will be tough times ahead. It will be swift and sudden and very bad lasting about a year. Then with time the market will level out and climb back up. Companies will hire again to accommodate growth.
Rising interest rates with recession to follow
From what I’ve read 8 out of 11 times that rates were risen like this, a recession has followed 1-2 years afterwards. I suggest EVERYONE save their money for the tough times ahead.
We are #2
https://www.linkedin.com/posts/bank-on-our-future_take-the-confidential-survey-now-activity-6922474098782584832-G6Zx
Employee retention solution
The average loyal employee receives a 2-5% pay rise each year. The average job hopper receives a 10% - 20% increase in salary every time they move jobs. So citi managers instead of complaining about candidates hopping jobs every 12 months, how... — read more
Citi is a he-l of an investment!
Stock price down 27% in the last year. The CEO may have to step down just to save her own investments. I hope she's putting some money away for later...lol.
Myth
Management at Citi acts if they are the only company on the planet hiring anyone. They try really hard to sell it to the employees to keep them in line. This is just not true. The salaries that Citi laughs at, other companies embrace... — read more
They get rid of employees in different ways
I don't know what your situation is like, but personally I've been under heavier load than ever. Faced with abnormal pressure, shorter deadlines, unrealistic demands, increased criticism, I can't conclude anything other than that Citi is avoiding... — read more
You need to work at least 60 hours each week to meet expectations
It's ridiculous how much is expected of us these days.
CEO metric not met
Citi stock is at a 52 week low right now. This measurable metric should be the CEO’s primary focus and if it HAS BEEN the primary focus and this 52 week low is the result, then maybe we have the wrong person for the job.
The question is “Why” when it comes to citi.
You are wanting to start a business and are looking for a location. You notice this one store is in a good location but there’s a lot of turnover and you don’t know why. One day its a restaurant, months later a donut shop, months later a nail salon... — read more
Why is Citi always hiring?
Is this a bad sign?
Who would want to work at such a company.
My manager constantly talks about how it is impossible to fine good new employees. I keep wondering If he just pretends or does he not see the real picture. I mean who would want to work at such a company where people are overworked to the... — read more
Layoff are a tool.
Layoffs are a common tool used especially when mgmt is not sure what else to do. There are times when mgmt knows they need to do something but they aren’t sure what, so a good layoff shows the board that “action is taking place” that “we are on top... — read more
In a year it will be game on…..
ALL major banks and almost ALL analyst predict that in about 1-2 years after the interest rate hikes that are coming, we will enter into a light to moderate recession lasting for at least 1 year and another 1-2 years after that to return to “normal”... — read more
2022 predictions
) Recession will hit and\or interest rates will climb. Businesses will be strapped for cash, benefits, etc… general layoffs will ensue. Citi Management will leverage the tough times to crack the whip even harder. Repeating the common phrases of... — read more
Step 1, put all your eggs in one basket. Step 2, throw basket against the wall.
I’ve seen a scenario play out over the years that I truly don’t understand. There will be one niche area with just one expert. The expert leaves, they throw someone else in that role whether they want it or not. Goal them aggressively with being the... — read more
Layoff
Will there be layoffs this year?
Exodus
People are leaving this sinking ship without severance, so there is no reason for layoffs. They will move people around to go where needed. This will only continue as the people who are left will have to put up with being overworked everyday or... — read more
I care about my job
Hey complainers, isn't it better to get out of here when you get another offer than after you've been laid off? People like to say they’re above all this here and can’t wait to get laid off, but I don’t think there’s much truth in that. It's easy to... — read more
Hints of reorganization & layoffs
I'm starting to hear of the "normal" restructuring & possible layoffs around the June time frame, yes even when they can't find good workers! I can testify to nervous management and addional reporting requirements. Just wanted to share. Has anyone... — read more
Layoffs would be a godsend
At this point, it would only help those of us who're planning to leave but either haven't been able to land a new job yet or are still scared to take that step. Judging by the people around me, there is a lot of us. When the next layoff round is... — read more
A clear sign that there will be no change for the better
Is there a clearer sign that there will be no improvement here, than that management is “deaf and blind” to employee dissatisfaction??? If they wanted a change, they would take into consideration why employees are so dissatisfied and try to keep... — read more
Is Citi so desperate?
I really can’t believe whom Citi appoints to managerial positions. Is Citi so desperate that it cannot appoint someone with more experience and knowledge? It's a shame that people are in positions that far exceed their competencies.
Mortgage 2022
Any upcoming layoffs
I just signed my name on the dotted line
To join Citibank. I am coming from a competitor. I know. "You'll going to regret it". Go on. Let me have it.😖
Options, don’t forget you have some.
Post of job dissatisfaction, low wages, no bonuses, back to the office work and so forth. All that aside, you do have options. Tons of search engines even have a built in filter for full time remote work. There are lots of jobs out there that not... — read more
Yet once again, coming in last.
Citi is downgraded while peers are upgraded: https://www.msn.com/en-us/money/topstocks/morgan-stanley-upgrades-bank-of-america-and-downgrades-citi-as-war-changes-everything/ar-AAVAG6R?ocid=uxbndlbing
Back in the office fun
So...I am back in the office, never realized how smelly my coworkers are. It gets worse at lunchtime when I get a smell of canned tuna or some ethnic dish.