#risk

Unsure on details though. Layoffs? Decentralized and moved into LOB? Both? Something else entirely? Regardless, supposed to be big changes.

Prediction is Citi is going to be at <100k employees within 5 years or so. The market will simply demand it. You are delusional if you are in the middle/early part of your career thinking long term at Citi. People in the revenue generating side of things in the business will have a much longer off ramp. However, if you are in operations/ technology/ risk and controls etc then you are being very complacent not actively having a back up plan. These MDs you bootkiss are basically being mandated that they reduce their teams on an ongoing and continuous basis. Jane and her cohort of fu-kwits clearly have highly ambitious plans for RIF

Put a bad review and fire people?

Any intel/experiences on the Vasara project and the people that run it?

I may look to transfer over and wanted to know if it's a good team to join

Not even amongst those providing rubber stamp approval and reviewing documents?

Asking for a friend lol

with the state of affairs, and the state of the job market in IT in general, if you had a job offer for a similar salary, less but close, less benefits, hard to match the swoosh, would you take it, or hold out at the swoosh for the 'promise' of long term employment for the extra 20k+ per year, maybe 30k if staying, but of course high risk.

that might be a d-mb question, I think anyone reading this just laughed?

Head for the hills

And don’t do “vibe coding”, your job is at risk”

The Heritage Foundation Submits Shareholder Proposal to Truist Financial Corporation

Published on 03/16/2026 at 07:01 am EDT
S&P Capital IQ
TRUIST FINANCIAL CORPORATION

• 0.36%
  On March 16, 2026, The Heritage Foundation announced that it has submitted a shareholder proposal from Truist Financial Corporation, requesting the Company to conduct an evaluation and issue a report within the next year, at reasonable cost and excluding proprietary information and disclosure of anything that would constitute an admission of pending litigation, evaluating how Truist?s policies, public statements, and corporate partnerships may be misaligned with the values of its customer base, and how such misalignment may expose the company to significant legal, regulatory, and reputational risk, in connection with the annual meeting of shareholders scheduled to be held on April 28, 2026.

Apollo (APO) & their insurance subsidiary Athene are big private credit players that are under liquidity pressure due to a market perception of increased credit risk resulting in a sharp decline in APO share price. This is important because AT&T off loaded some of their pension liabilities to Athene.

You could be at risk-PAY ATTENTION!!

Under the group annuity contracts, Athene made an irrevocable commitment and became solely responsible for paying the pension benefits of each transferred participant beginning with their August 2023 pension payments. The transaction did not change the amount of pension benefits payable.

The transaction covered approximately 96,000 AT&T participants and beneficiaries, and was funded directly by assets of the pension trust — requiring no cash or asset contributions by AT&T.

How will this affect the stock price??

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01299522.pdf

Nobody's job is safe here. Not the top people (outside of the C-suite), not the new people, not anyone. You should always know what else is out there. Update the resume, look at postings, keep a feel for the market. I'm not saying interview every week. Just know what's happening. Your role exists because someone decided it does. That can change anytime. If the building burned down tonight, you think they'd keep paying you? No chance. So stay aware.

The building over in Dubai was bombed in an Iranian attack according to MSN. I hope everyone is safe.

• God Bless

With Anthropic being labeled a supply chain risk by the US government and government contractors like Palantir having to cut ties with Anthropic or lose business with US agencies, how does this affect our AI systems? Does AIG stand behind Anthropic's decision or do they support the US government's decision?

Is the company leveraging AI to show how much additional work offshoring has caused onshore employees? Is the company suppressing the results to appease shareholders? How much bad manipulation of AI is going on behind the scenes? There are gatekeepers who know what's up. When will the financial regulators compare AI outputs with what's being reported publicly? Especially in the AML area, are people looking the other way?

Any concerns about Leviathan and Tamar? Glad I am not on location.

Hearing some rumblings of issues. Anyone here with insight on this?

New risk framework=major layoff in risk?

Some groups in risk, 20%

I think these are the layoffs promised in Feb that never came.

If you havent beem notified you are safe... for 2 weeks anyway.

https://www.tmj4.com/news/racine-county/microsoft-data-center-layoffs-leave-workers-stunned-after-relocating-for-tech-jobs

https://seekingalpha.com/news/4556964-citigroup-forms-team-to-finance-ai-infrastructure-bo-m

Lend money to companies that make no money. What could go wrong?

Has anyone heard whether risk programs are being paused right now? With so many changes lately, it’s been tough to keep up, and I’m just trying to get a clearer picture. The goal is to make sure teams are set up for success, so any insight would be appreciated. Managers are eerily silent.

If you believe the layoffs are less than 20%, then either you’re seriously misinformed or you’re not actually working at Qualcomm.

And if you’ve been here for more than 10 years, be careful- you could be in trouble.

Retail branch managers in my city are telling us to call clients on the federal do not call list and if a sale happens on the call, we are to log that we didn’t “lead” with the sale. I helped out at one branch recently and there bankers are being told the same as my branch. Previously when I started working here, the manager would tell us that we are to log bad contact information on the lead and leave notes that it is on the do not call list. We are now told that if we don’t call clients on the federal do not call list and if we log bad contact information that we will be in hot water with area manager. We are told this change is coming from our area manager and it’s been going on for a little over a month now. I do believe it’s coming from above my branch manager because I’m seeing it at more than just my location due to helping branches with turnover. Most recently this area manager is “encouraging” the managers get us to do seemingly unscrupulous stuff with opening accounts dda units and shifting dollars to our area. Is they’re funny business coming from way up top being seen everywhere or is it just area leadership in north Florida? Relatively new to this bank and wondering if I should prepare an exit before staying too long.

Does anybody know about the "Vasara" risk platform and the team around it? Is it a good team to join internally, from either the tech or the quant side?

Anyone know how T-Mobile plans to maintain USGCI compliance given the ongoing shift to FTE's in IT India?

Anyone accessing the Federal Agency data must be a US citizen and must only access the data from the continental USA.

When might the Feds notice this risk?

It's only a matter of time now.

https://finance.yahoo.com/news/kyndryl-faces-governance-turmoil-legal-091414134.html

Avoid middle-layer vendors, as they often lead to unnecessary hiring. Direct hiring from VZ to the employer is a better strategy and helps reduce the risk of layoffs.

Employees with higher salaries who have worked at Verizon for more than five years may have a higher risk of being included in layoffs, especially if they have not been converted to permanent employees.

A few people in my general group (Risk) have been put on PIPs. Is it safe to assume that they will be laid off or fired? Will they get severance? This is a new tactic in my area. How does this process play out?

I just want to reassure everyone that whatever happens with Oracle and its debt, LE will come out on top and unscathed. He is five steps ahead of everyone else playing the game, and his (and his family’s) nest egg will only continue to grow. Everything else is noise. If you choose to play in this space, rest assured, he will burn you.

https://www.gurufocus.com/news/8564834/ford-motor-company-f-reports-expected-remeasurement-losses-in-pension-and-opeb-plans

I am hearing rumor from reliable sources that CIB and CIB Risk will be huge this coming Tuesday.

Anyone have insight.

Bonus is the same as last year. Anyone else?

Do what you want but I bought boat load of stocks!
No idea why previous post got removed!

It nice to feel better than the colleagues because the boss like you and pays you more. But when the eggheads at central office start running spreadsheets and who can get cut to save money, you stick out like a sore thumb and an easy choice to cull first.

Vicki made a huge bet on DAC. To me, the business case was always shaky even if it works PERFECTLY. I’m told it is over schedule and over budget, and we just got rid of OxyChem, which could have been a critical resource.
What if it doesn’t work? Do we have to pay back all of the companies that bought credits? Write off the purchase of Carbon Engineering? Write off the DAC complex?

If you are salary or overhead, you are at a great risk in 2026 for a layoff. If you do not actually make product you need to be looking for something else.

Our engineers have limited career spans. We do not design anything of interest or significance. Not like we work for Boeing, NASA, Lockheed, and a company where engineers do really interesting and high-tech work. We design electric drills. Boring...

Take my advice and have your resume ready. Get to know people that work at real companies. Be prepared do deal with a layoff.