Bonuses are cashed. Let's see what happens.
“Controlling labor costs via periodic layoffs is like breathing for Silicon Valley: cyclical, necessary for life,” Malcolm Harris, author of the forthcoming book “Palo Alto: A History of California, Capitalism and the World,” told me. The layoffs... — read more
I suspect the next Clown Hall meeting will discuss focusing on re-alignment (layoffs as in plural) and adding resources in the right places (offshoring to replace who they are running off). Layoff’s will happen Q1.
Citi has a long history of: Laying off at least once per year. Maybe not a massive amount each time but its done. & Following the lead of other banks. If other banks are doing it, then so will Citi. So for now, Citi hasn’t laid off, but will. Other... — read more
How long does it take recruiter to reach regarding offer once final interview is complete? I noticed that Citi recruiter are usually not very responsive.
can we create a log of salary here? curious what others make. We can go somewhat light on details for anonymity. but perhaps YOE, Grade Level, Salary, Bonus?
And only got a 2% increase in salary. What about you?
I have been on other layoff bank sites, and they all seem to be very concerned. I work here, and have to admit, I am concerned. Are you worried?
How many experienced hires have gotten sign-on bonuses.
Citi had some layoffs this week, Does anybody know how many or what groups?
Raise and bonus less than last year, but given more job responsibilities. The Citi way.
If you live in a state that’s considered a “work at-will”state, means that your employer can terminate you at any time for any reason. Likewise, you the employee can quit without a two weeks notice at anytime for any reason. “Work at-will” does... — read more
Interesting approach Pull under performers back to the office. Are they using ms teams and how often you move your mouse for productivity? https://amp.cnn.com/cnn/2023/01/18/business/citi-work-from-home-jane-fraser/index.html
While Wells Fargo seems to be the focus for now, it could later apply to other banks. https://www.wsj.com/articles/too-big-to-manage-banks-may-face-breakup-top-regulator-says-11673982801
In spite of increased cost of living, raises and bonus’s will be sparse. Headcount will decrease. Those left, will be expected to take on the responsibilities of those that are gone. Hours worked will increase along with pressure to meet aggressive... — read more
Role: Keep the lights on role. I do not generate $ but am considered a cost to the company.. Ranked a 2: Rewards: 1K bonus, 3% raise. Pretty much the same for the past 3 years.
They're actually tracking if you're complying with the hybrid and noting ion performance reviews.
This should be good for other banks as they will absorb those customers for mortgages. While sad for them, good for us, no?
Does Citi provide sign-on bonus?
No matter what sector or company you are employed in, you should always work under the belief that you’ll be laid off eventually, its just a matter of time. This is motivational fuel to: Save more money. Update your skills and\or resume. Pay off... — read more
Asking for a friend. :)
“Other investment banks are adopting a “wait and see” attitude: If revenues are tracking below estimate in February and March, the industry could cut more workers, said a person familiar with a leading Wall Street firm’s processes.” —CNBC
Rumor has it that former unvaccinated Citi employees are going to file a class action suit. Has anyone heard about this? I couldn't find anything about it online.
Why bother doing more than bare minimum?
Let see what anonymous poster says, what does this link have to do with Citi? Like you don't remember Citi in 2008? ... — read more
Statistics show that on average, changing jobs every so often you end up making more money than if you were to stay in the same role for the same amount of time at the same company. Its easier to change companies every 3-5 years for more money at... — read more
Citi has really been good at bending to the will of the “woke” community and every bragging about it every chance they get. Now, the woke community is leaning toward a union within Citi. Will Citi continue and bend the knee? Right now, even... — read more
Does anyone have the latest? Even from 2021/2020 is fine. I want to jump ship from my current job but have to know what some of these job rankings mean and what I can expect. Thank you!
Seriously, we are over the covids….
I currently work at BNY Mellon. Our CEO recently announced a change to the 401K plan. Currently our company match (max 7%) is implemented each pay period. Starting in 2023, the match will be paid at the end of the year (actually, three months after... — read more
Post after post of frustration, anxiety and angst. The key points resonate with the same themes. ) Yes, Citi will assuredly layoff under the guise of streamlining, consolidation, etc…phrase it however you want, you are still placing people into... — read more
In May 2020 I posted an article in the Higher Education Inquirer on the last economic downturn. It was the 27th downturn in US history. Remarkably, few could see that downturn coming, a result of the covid pandemic. More than a million people died... — read more
So I know four people who have worked remotely. Two before COVID (which was commonly acceptable with your managers approval). Three of the four filed a HR request to continue working remotely. The first over 6 weeks ago. So far HR has not replied... — read more
A CEO’s core metrics are: ) take care of their people ) raise the company stock price So the “take care of their people” part is not happening due to the layoff galore with even more layoffs to follow in Q1 of 2023. “Raise the company stock... — read more
Is it stack ratings such that at least someone in each group must be the low score?
https://www.beckershospitalreview.com/workforce/the-great-remote-work-mismatch.html There are many people re-skilling themselves to align with business’s that allow more work from home. I doubt Citi will throttle back on the having you come back... — read more