Citigroup Inc. / Citibank / Citi Layoffs

Topics regarding layoffs at Citigroup Inc. / Citibank / Citi

VOE Results

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 

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Post ID: @12mJ0bN8

Citi Layoffs 2020

What are your thoughts about potential Citi Layoffs 2020? Any news or rumors?

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Post ID: @126UG8VR

Secret Lay-off Program starting with “M”???

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.

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Post ID: @12bQmpbO

Layoffs Nov 2019

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.

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Post ID: @125mcAYW

More layoffs to come

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 

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Post ID: @11q70brE

Why even bother with layoffs

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 

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Post ID: @11r5Z1x2

More job losses and compensation cuts are coming.

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

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Post ID: @11leCq3w

LayOffs

Whats going on with the Layoffs? Its been quiet. Whats brewing?

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Post ID: @10KWSl8w

Citibank SoFla, which do you fear more?

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.

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Post ID: @10N81puW

To make it clear how severance works...

To make it clear how severance works... to make it clear how severance works... Citi's policy is 2 weeks severance for every year of service. You get your severance less withholding (taxes) after the 60 day notice. 60 day notice is required by... —  read more 

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| 2405 views | |
Post ID: @Z0nqAk7

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

Apple Card

GS is coming after cards and unsecured term loans. GS is a legitimate bank. Anyone other than me worried about this?

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Post ID: @10KWu7db

Massive Citi Trader Layoffs

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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Post ID: @10qjEJzA

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

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

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

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

IPB Layoffs Possible

According to my friends in retail IPB is bleeding deposits. Talk of “right sizing” the starting with executive team.

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Post ID: @10aQIOzO

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

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

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

"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

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

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