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Topics regarding layoffs at Citigroup Inc. / Citibank / Citi
Lawmakers in Washington are making it easier for Americans struggling with the fallout from the coronavirus to draw on the trillions of dollars in their 401(k)s and other retirement accounts. For a limited time, Americans will be able to withdraw... — read more
Wells Fargo, US Bank, Citi and JP Morgan Chase will defer mortgage payments for three months. State chartered banks and credit unions will offer similar deferrals. The banks also pledged not to initiate foreclosure sales or evictions for the next 60... — read more
I called customer service & a woman in another county answered. I couldn’t understand her & it took over 60 minutes to be transferred to an American! Maybe they shouldn’t be laying off Americans.
Is this being discussed to anyone’s knowledge?
Back down to $50/share (or $5.00 prior to the reverse stock split. I guess I’ll have to wait a little longer to get back to pre financial crisis levels of $500/$50. Thanks for your leadership “‘Mikey”. #newceonow
Do you know the total number of employees for Citigroup?
Well here we are. Citi announced stellar earnings, more than ever since 2006. Most if not all bonus’s were diminished if existent at all. The upper echelon got their well deserved rewards while the lower cogs in the machine got nil. Staffing has... — read more
So VOE results have come and guess what.......EVERYONE HATES CITI! Upper management is still in denial. The O’Fallon AML dept is the worst. Keep up the great work guys! Maybe next year we can light up all the charts with new low numbers and all red... — read more
Heard that there is a program underway for major layoffs in January. Something that starts with a “M”? Anyone know anything about that that can be shared here? I’m fine taking a package, just give me a little bit of notice; we’re all adults.
What are your thoughts about potential Citi Layoffs 2020? Any news or rumors?
I was told my last day will be 11/22/19. 18 years with the company. I’m over 40 with a family of 5 and was the sole provider. I live in St Louis area and work at the Progress Point site.
Good for the bank or a Trojan horse that will lead to more layoffs? https://www.google.com/amp/s/www.cnbc.com/amp/2019/11/13/googles-checking-account-is-setting-up-a-showdown-with-apple.html
Will is happen here? https://www.thelayoff.com/u-s-bancorp?sort=active
If attrition continues as it has for the past several months, there'll be absolutely no need for layoffs. People are burned out and are leaving in droves. Of course, they are taking the knowledge and expertise with them, but it's not as if our... — read more
More to come, so far is 2019, Citi laid off 950 people in January and then again in August. More layoffs expected 4th quarter. No one is safe, but they are targeting folks that have been with them for 15 or more years, ages 50+ up. Job discrimination... — read more
Why? Are we hurting that badly for deposits. Most of the customers just churn these accounts every 180 days.
This is One of the most comprehensive stories I’ve read. Nicely done. https://www.google.com/amp/s/amp.businessinsider.com/citis-quiet-but-massive-restructuring-since-investor-day-2019-9
Anyone hear anything? IT is ramping up offshore resources the last few months.
Hurricane Dorian, most destructive hurricane to strike south Florida since Andrew Hurricane Ed (Patterson), most destructive manager to strike the Bay Area since the financial crisis.
Whats going on with the Layoffs? Its been quiet. Whats brewing?
GS is coming after cards and unsecured term loans. GS is a legitimate bank. Anyone other than me worried about this?
Word on the street is that Bank of America is making a bid to take the Hagerstown site over. I'm guessing they're gonna have a LOT of the Citi crowd applying...
Board that fired previous indian CEO vikram must answer for poor performance and quit.
Citi's revenue from equity trading tumbled 17% to $1.6 billion for H1 2019, a 5% drop in total trading. This is the lowest equity total among major U.S... — read more
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According to my friends in retail IPB is bleeding deposits. Talk of “right sizing” the starting with executive team.
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
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.
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
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.
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
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