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
Topics regarding layoffs at Citigroup Inc. / Citibank / Citi
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
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
This is just one example of countless errors that occur. Why? No staff, little training, constant pressure, no incentive. https://abc7news.com/amp/finance/bank-error-jeopardizes-$400-bonus/5342279/ — read more
Global Head of GIS, CB, finally canned... what a great day. Why are you deleting this post???? — read more
I keep hearing something is going to happen the second week of July in O’Fallon, MO. A big announcement or layoffs. Any more info on this? — read more
All the executives seem to talk about is the digital future all while cutting jobs but not replacing those workers with digital solutions. This is my perception based on ever decreasing FTE and increasing workload for those of us remaining... — read more
the CIO is awful
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
The iPhone started the revolution. Facebook will finish us off. They’ve figured out how to become a bank while usurping banking laws. We’re totally screwed... — read more
What’s going on? And rumors? Org changes? New head is in
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.
Tipping of all current colleagues, NJ and NY will no longer be a hub for operations and technology next 5 years. If you are in front office,you probably be fine as long you keep your numbers up and pick the right politics. — read more
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.
I use work for Citi. For the friends I left behind I'm glad you didn't lose your jobs but you all are on borrowed time. I would not count on getting severance because Citi is going to continue to run people out by firing and or making it so... — read more
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
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
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
Site Managers last day in O'Fallon is 5/31/19. Writing is on the wall.
....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
Work from home = Job moves to contract employees, eventually. Numbers of Years employed is not a factor when reduction in force efforts are activated.
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
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
Today, 5/22/2019, Citibank in Hagerstown MD held a meeting to inform all employees that if they qualify, they must work from home. Citibank Leadership made it clear that the employee has no choice but to work from home and they will not offer any... — read more
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.
Site email confirmation. Site to close at year end. Some may be able to work from home. TBD.
Is there ANY chance we can get a few-month reprieve?
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
I don't believe Wednesday's town hall meetings will be an announcement that the site will be closing. That's not how companies go about it. If they were letting workers go they would bring them in to a team meeting one department at a time and let... — read more
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
Has anyone heard if AML in ofallon mo is downsizing today?