I left a smaller bank to join Citi for better pay and what I believed would be a stronger path to career growth. Calling this decision a regret would be a colossal understatement. For the past month, I’ve been trying to figure out how to get my old... — read more 

I tried paying my mortgage and bills with company culture it did not work. I went in and told them “instead of a cash draft, I wish to pay my mortgage in company culture”. They asked me to explain so I told them that “Citi said I should be happy... — read more 

Enough of the doom and gloom. Things can be a lot worse. Let's stop the gloomy downcast thoughts. Sure, nothing is perfect and maybe it's going to get worse before it gets better. Just be grateful for what you do have right now and tell ourselves... — read more 

What a mess we are in? Employees are becoming less enthusiastic, engaged, and positive about their work, potentially due to factors like loss of job, unclear expectations from their managers and leaders. Jane and Tim need to bring back the enthusiasm... — read more 

Why no payslip showing up in Workday when bonus payout is tomorrow? Also, my bonus was down significantly from last year. Manager said our whole department basically got sh-t upon and given a small pool to work with. I did get a 2% merit increase... — read more 

Are we now at the point where Citi will continue making cuts to benefits until enough people who have had enough are gone? It certainly seems cheaper to gradually thin out the workforce this way instead of spending money to lay everyone off. I truly... — read more 

https://archive.fo/faeNy

Su-ks for us. Citi just made cuts to retirement as BofA decided to give a nice retention bonus to their employees. Citi really has the worst benefits in the banking industry.

That would provide about the same savings as getting rid of 20k people and not much would be lost in value, as witnessed by the current state of the bank.

Citigroup is cutting certain roles as part of a broader corporate restructuring to eliminate tens of thousands of jobs by 2026. According to a new report from Bloomberg, Citigroup laid off several managing directors in its Wealth at Work unit this... — read more 

Given this, make yourself an important “cog”, one for which if you were missing the machine would fail. Strategize yourself, skill up and become more valuable.

None of us know what tomorrow will bring. All we can be certain is that there'll be more layoffs, but we can only guess when. There's no point in stressing over it. Make sure you're prepared in case it happens the best you can, and then simply... — read more 

Every where SVPs without basics, strange how they got promoted, is these promotions are based on age criteiria? these people are destroying with their politics, even they know resources have strong tech knowledge, they are keeping them behind screen... — read more 

20:80 ratio at Citi got us now too many managerial layers, where we started seeing heavily bloated MD’s and D’s. Few years ago at Citi we hardly see few MD’s. Now whoever comes in here having the title MD’s. It’s just wasted and added weight to the... — read more 

Which line of business can we expect more layoff at 2025 ? CTI or Risk or ??

I check this site out a couple of times per week to see what’s the happenings. $hittybank guy seems to post hourly. Don’t get me wrong, Citi could be a whole lot better with such little effort and I’ll be the first to acknowledge that there are... — read more 

It’s funny when someone makes a post that just a little too on target with the truth. Some of the responses that follow sure seem like they come from mgmt. Often times its followed up with a host of different post of nonsensical stuff of no value... — read more 

Raise%, bonus%? How you did compare to your colleague?

This of course requires a leader with vision and foresight. So the question remains, do we have that now?

I get it is never a good time to have layoffs but I find it to be poor taste to announce 12 billion in net income and then a few days later to lay people off. Did impacted people have compensation conversations yesterday and then told today well... — read more 

Managing directors in the wealth and the technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, according to the... — read more 

https://finance.yahoo.com/news/citigroup-axes-more-jobs-bloomberg-192003864.html

You guys just don’t get it. All this bickering over layoffs, pay, comps etc… Its all stup!d. The bottom line is that the plan to punish everyone else but Jane for bad business decisions, is working. Its all unfolding exactly as it should. — read more 

Co-CIO (USPB, Wealth, infra)

how much % for promotion, % for annual hike? bonus for folks in india tech team

Long-standing customer here sorry to hear about layoffs with city. They must be moving US jobs over to India because eight phone calls to the customer service line 8 different Indians that are on not understandable leads to no resolution of the... — read more 

Well I guess that answers if layoffs will be slowing... https://www.bloomberg.com/news/articles/2025-01-15/citigroup-earmarks-600-million-in-severance-for-fresh-job-cuts

Are they happening yet?

Earnings: $1.34 a share, vs $1.22 expected Revenue: $19.58 billion, vs $19.49 billion expected Citi's net income was $2.86 billion from the quarter, an improvement from a net loss of $1.84 billion a year ago.

Thoughts? Seems to be not that bad and stock likes it.

The worst thing you could do is nothing. If you don’t like your group, then go to another group. If you can’t change your group, then skill up and become invaluable to your current group and manager. It gives you a better footing and you’ll find... — read more 

Hi, does anyone know what the severance looks like if I was to be laid off. New to the company so not sure.

I find it interesting they decided to cap 401k match at 12k. I know it only impacts high earners but I am wondering what is next. What else do they want to save money on? Our benefits already lack our peers. No pension and now a sh---y 401k =a... — read more 

An ex employee who is still friends with many higher ups warned me there are layoffs this Thursday. I don’t know the validity and am posting simply to see if anyone else has heard this rumor.