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
Topics regarding layoffs at Citigroup Inc. / Citibank / Citi
What are your thoughts about potential Citi Layoffs 2020? Any news or rumors?
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.
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...
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.
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
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
Has anyone heard if AML in ofallon mo is downsizing today?
Will is happen here? https://www.thelayoff.com/u-s-bancorp?sort=active
Coming soon. June 2019
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
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
Whats going on with the Layoffs? Its been quiet. Whats brewing?
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.
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
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
GS is coming after cards and unsecured term loans. GS is a legitimate bank. Anyone other than me worried about this?
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
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.
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.
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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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
Global Head of GIS, CB, finally canned... what a great day. Why are you deleting this post???? — read more
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
According to my friends in retail IPB is bleeding deposits. Talk of “right sizing” the starting with executive team.
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.
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
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
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.
What’s going on? And rumors? Org changes? New head is in
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