Citigroup Inc. / Citibank / Citi Layoffs

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

AML/KYC dept being targeted for efficiencies.

Poor overall performance of these teams, cost, and the testing new systems to automate these processes. Just if dept of many, but this is a high priority. Anyone in those depts have additional info on this? Hearing layoffs will begin in earnest in... —  read more 

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Post ID: @104F9M4X

Citi is a dead company walking

Citi never fully recovered from the 07 crash. All this cost cutting won't do anything: it's a dead company walking. The student loan bubble is coming and it will be interesting to see if citi can survive that. Couldn't agree more, @103sLczb-pgi... —  read more 

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Post ID: @104Ag0wa

News on more layoffs?

Has there been any news on the next major round at Citi? I'm specifically asking about bigger rounds, not the smaller ones we are seeing nearly every day.

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Post ID: @104N9K6d

Incompetent leadership at its worst.

Citibank leadership disappoints with poor pace of cost cuts. Promises to hit targets (many more layoffs) in order to hit 12% return on equity. No mention of plans to actually increase top line revenue. This ship has sailed people. We should all... —  read more 

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Post ID: @103sLczb

What’s happening in the retail branch banking?

I thought Anu was going to shake things up. Instead he’s replacing id–ts with mo–ns at the executive ranks. Dena Roten sent to ops and her replacing is an underling? Wtf is happening.

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Post ID: @102whjAt

So close to retirement

I received my package for 11 years of service, 22 weeks of pay... I was just 25 days from 12 years of service so that was a little painful, you would think being that close and loyal to Citi that they would have rounded up! No way and another... —  read more 

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Post ID: @ZZv5s8D

Great news!! We’re the bank of choice for the 0.1%!!!!

In other news, 99.9% of all other humans hate Citibank. Citibank Named “Best Bank for High-Net-Worth Families” by Kiplinger’s for Third-Straight Year Citigold Offering Highlighted in Kiplinger’s Third-Annual “Best Bank for You” Edition July 02, 2019... —  read more 

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Post ID: @ZWlwUjS

Hagerstown potential to lay off acquisitions?

New rumor circulating is that Costco is NOT going to allow work-from-home reps to handle their calls. Since SD and KY already handle their acquisitions calls, this could mean that Hagerstown acquisitions could be laid off. Has anyone heard anything... —  read more 

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Post ID: @ZPZk5qR

We’re getting hit from all angles.

Why can’t we do this and do it better than GS????? I’m so frustrated. https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/goldman-follows-apple-amazon-into-disruptor-territory-184340494.html —  read more 

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Post ID: @ZIKrbol

"retiring" hmmm

Antony nappi "retiring", this is gonna get interesting. Wonder who's taking his place and what type of changes will come about. I'm grabbing the popcorn and ready for the show.

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Post ID: @ZrE1PjN

Is everyone gone?

No further updates. Let us know where you end up. And for the sake of god, leave banking. Would love to see some success stories here.

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Post ID: @Zn4cFpI

IT Outsourcing

More than 500 people laid off by Citi in January 2019. Now another 450 people in IT with their last day on 6/28. Heard another layoff in Oct/Nov 2019. Looks like they are targeting folks 50+ years of age from the U S locations. One that I know has 33... —  read more 

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Post ID: @Zjd34Pf

More lay-offs to come. Why?

Because this company is led by myopic leaders who can’t see past the initial the bottom line. Goldman Sachs is an elite bank for a reason. So WAS Citi. Those leaders are long gone... —  read more 

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Post ID: @ZiPkH51

What is the scope?

What is the scope of the layoff? Specifically in NY & NJ? Are they getting rid of anyone regardless of title or are they getting rid of managers? Can anyone provide any information on where this is headed? —  read more 

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Post ID: @ZhFIGJO

Us worried, nah!!! We have lots of locations

....isn’t that what Citi said before the axed hundreds if not well over 1000 branches? https://en.businesstimes.cn/amp/articles/111984/20190513/citibank-not-worried-with-slew-of-new-digital-banks-popping-up-in-hong-kong.htm —  read more 

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Post ID: @ZfYcCmf

Don't think you're safe if you received a raise

Having received a raise recently will not shield you from being laid off. Talking from personal experience. I managed to enjoy my pay bump (as measly as it was) just for a few months before I was handed the proverbial pink slip. Just thought a... —  read more 

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Post ID: @Zcju4Wp

Citi moving jobs to TCS

Citi recently laid off several IT employees from Hagerstown site saying that they will shut down the site. Several other IT employees also got laid off from Texas, Sioux Falls, Jacksonville and other sites. Hundreds of US Citizens lost their jobs... —  read more 

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Post ID: @ZcbwZxD

TIRED OF THE BS WORK

Does anyone know if you can volunteer for a severance package? I want out. I can’t stand my boss and most of my co-workers. They are all afraid to lose their jobs and have become the most miserable people I have ever met. NY employee here.

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Post ID: @Zb7PiAk

Citigroup Layoffs

The entire premise of this is cost savings - and because the economy is flat, deposits are down, the branch networking footprint is tailored to a few distinct markets, and the executive bonus structure is unsustainable. The organization has also... —  read more 

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Post ID: @ZaiebgR

Retail Leadership Reorg in Q4

Major reorg with leadership positions at risk will likely happen in Q4. Discussions are happening now and decisions are to be made by sept/oct. Regional managers, sales directors, and area directors are on the chopping block. Small business is being... —  read more 

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Post ID: @Z9yG5zz

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