Due to the articles out there on: ) Upper management taking increased bonus’s to fix the situations they put us in ) Years later a retraction of the increased bonus’s because the failed Its major panic time for them. They are scrambling back... — read more
How can FTE handle Contractors if they reluctant to work?
We need to have some proper procedure to escalate on contractors if they are not working or not taking responsibility of their work. Some managers not even try to manage them properly , not sure if they get any share of contract.
What is strategy if you are a manager?
If you need to save cost, what options you will find, if you have 10 people reportig to you? will you resign and move on and save cost or will you eliminate 5 people and save cost?
Is Jane even human?
Knowing that she and the rest of the upper echelon got Citi into the state that the company is in now. Following up with and approving to restrict and lower bonus’s and raises to give THAT money to the themselves for getting us into this situation... — read more
Citi layoffs 2nd week of April 2025
It's no secret Citi is planning to cut around 10% of their workforce. This is in the financials and public notices. What's unknown is the date. I've learned that the bulk of the cuts will come the second week of April. I cannot advise which... — read more
Maybe it is time to consider the lack of consequences.
https://www.reuters.com/breakingviews/citi-bonuses-provide-helpful-how-not-to-guide-2025-03-20/
Let go today
Boss said layoffs continuing and I am one of them. Mixed feelings. Been at Citi well over 2 decades. Excited about something new. Met great people at Citi. Amazing opportunities. Place has been good to me. The corporate grind does take it's toll... — read more
Belfast Site Townhall
Anyone else find Holden's townhall today a little unhinged? Mainly, what does pointing out that the site leadership is 50% women and that Citi provides more benefits to women than any other employer in N. Ireland have to do with someone asking a... — read more
Tired of both the publicity and also the lack thereof.
Every time the banking sector is talked about on CNBC, Citi is never mentioned UNLESS its something negative. In general they mention JPM, Wells Fargo, BoA but no Citi. The only time I ever hear Citi mentioned is when its something bad and even... — read more
Citi Slashes Executive Bonuses Tied to Bank’s Turnaround
https://finance.yahoo.com/news/citi-slashes-executive-bonuses-tied-220028720.html
Any visa candidates had internal move recently ?
I am a visa candidate looking for internal move into another project ? or external company. The market is so bad I can't get an offer. Any one tried internal movements ? I tried for few positions but got rejected. Is there any restrictions internally... — read more
Very grateful for the job but want to be made redundant
Please don't get me wrong, I am deeply grateful for Citi and the job, but I am extremely tired and frustrated by this 'citi way of working' and my career is not developing in the direction I would like to. How can I get laid off?
RTO/Hybrid at Citi
Got laid off last year from a bank and am considering some IT roles at Citi as the job market is picking up recently (and my experience has been in tech banking). Thought about applying at JPM but 5 days/week in Jersey City is not doable for me. BNYM... — read more
Is TPM a dead end?
TPM is basically a project manager, with nowhere to grow past senior level other than eventually move to eng or PM and learn substantial technical or business skills. Agree?
Such a stable rock of a company. Never uncertainty, no politics, constant clear direction and decision making.
A true beacon for other companies to follow. So proud.
Excellent plan. Now there’s some rock solid forecasting for you.
https://finance.yahoo.com/news/exclusive-citigroup-plans-slash-contractors-103300471.html So mass hire contractors and once they find their footing, layoff FTE in mass “because its the right thing to do” laughing all the time knowing that the first... — read more
Exclusive News
Changing the trend, from layoffs to more hiring !! https://finance.yahoo.com/news/exclusive-citigroup-plans-slash-contractors-103300471.html
Warren Buffett once told Jane to keep laying people off, now he's dumping his stock.
Layoffs always give a quick bump to the stock price, but then the decline sets in again when the org has no growth ideas, and less talent to implement anything. Jan... — read more
Layoffs in Workforce Management
More realignment and layoffs by end of March.
Layoff in risk management and control
Does anyone know if there is more layoff coming in risk department? 100 more people get laid off this March. Will it be the end?
Headline: Bank Stocks Plunged on Monday. Here's Why Citigroup, Goldman Sachs, and SoFi all Got Hit so Hard.
Good. This company and JF deserve the 6% stock drop. I hope that it tanks further and that OCC and Feds see through the bull cr-p. Higher ups bosting about 2K job opening and asking for referrals is bad form. Why so many job openings if you could... — read more
A rare but classic move.
Keeping it short as there is no need to give a back story. A manager told a friend of mine “if anyone doesn’t like this, they can leave”. My friend started interviewing and in less than two weeks, found another job. Basically “challenge accepted”. ... — read more
I'm so over micromanagement
All this nitpicking just makes everything worse. Maybe the higher-ups need to feel like they matter. Maybe they just love having control. whatever it is, it sure is not making work better. People are on edge, always waiting for the next pointless... — read more
April wave
Has anyone heard the level of impact for the next round of cuts?
Headcount
Is there any portal to view the total headcount for permanent and contract staff as of present dated.
Why Do People Think HR Does Nothing? 🤔
HR often gets a bad reputation — many employees believe HR just pushes paperwork, enforces policies, and organizes events. But the reality is far from it! 👥 Talent Acquisition & Retention – Finding and keeping the right people is no easy task! 💼... — read more
Message to Jane.
Underpaying your employees doesn’t make you cost effective, it makes you short sighted. If you don’t pay your people what they are worth, someone else will. I think you’ll find when your best people leave, it’s not them. It’s you. — read more
new citi policy?
Is it standard practice at Citi for SVPs made as ICs to attempt to control all aspects of a project, requiring everything to go through them, and consequently delaying project delivery to retain control
Anyone here from the Technology COO? 😅
What do we think
When it comes to geopolitical unrest……
So is it a good idea to trim back in a geopolitical region that’s known for: a.) counterfeiting patents, trademarks, and intellectual property b.) hacking\back door\cyber exploits Is this a wise choice? If so, is it one we will make? Before... — read more
March layoffs?
Anyone been laid off this month? Someone said 3/3 but didn’t provide any other info.
Geopolitical unrest.
So with the current tariffs in place and even more to come especially with finance, what do we do with China and some of the other regions. Do we close up shop or do we still expand in those regions.
Citi Copy-Paste Error Almost Sent $6 Billion to Wealth Account
https://www.advisorhub.com/citi-copy-paste-error-almost-sent-6-billion-to-wealth-account/ Make sure to develop mandatory training around this and make those who don’t have anything to do with money at Citi take the training. — read more
Another Miss - Making a record here
https://www.advisorhub.com/citi-copy-paste-error-almost-sent-6-billion-to-wealth-account/
Citi Bank Dr-g Test?
I’ve seen a few articles talking about dr-g testing going away for most banks. Are they dr-g testing new and current hires at Citi?
Layoffs in Wealth
Anyone hear anything about layoffs in Wealth?
Tax calculations package
My coworker and I were informed we are being let go. We are trying to calculate how our package will look like after tax deductions also how many vacation days we will get pay. We have 15+ years of service each. We are in Florida so only federal... — read more
Numbers game.
There is a certain culture that duplicates work in order to fudge the numbers to look busier than they normally would. It has nothing to do with honesty or ethics. Ethics never comes into play. The way its looked at is that it must be allowed and... — read more