Not all of them of course but people are starting to do a deep dive and instead of being a program to lure the best and the brightest (those usually stay home) it’s instead displacing higher talent but significantly more expensive US based talent. ... — read more 

I, a C14 and team lead, received a new Director and Managing Director last March as part of phase 4 of the Reorganization of Citigroup as my two direct managers were laid off. Last week, on Monday December 23rd, I approached my current Director to... — read more 

New to this whole "what, how" review rating system. I just had my year-end and I was given a 2/2 rating. Is that considered pretty good? Or is it just OK?

Yes, layoffs are happening everywhere, but there are also opportunities out there. Many banks are hiring, and if you’re skilled at what you do, there’s no need to lose hope. I wouldn’t be too worried about the future. You’ll likely be able to find... — read more 

Last year my bonus was 9.5% and my merit increase was around 2.5%. Do you all think I should expect less again or the same, assuming performance stays the same? I have a feeling everyone is getting 3s across the board this year, as decreed from on... — read more 

The company plans to expand its digital workforce with AI solutions, eliminate redundancies, and cut costs. Example: scanning Git repositories for duplicate code. There's also a push to reduce contractor dependencies and shift operations to low-cost... — read more 

That would be the best Christmas present. I can't believe I went from being stressed about layoffs 24/7 to not caring at all, or even worse, hoping I’m affected. There’s something fundamentally broken with this place if this is how some of us are... — read more 

Has Citi taken care of their people or conducted themselves in a way that’d make you proud? Ask yourself, is Citi the type of company you want to work for? For some, they can’t see themselves working anywhere else. For others, they can’t wait to... — read more 

Quick question for those who were let go or are in their separation process: Is the document below still good? Also, can anyone confirm, that PTO and Sick days are paid with the package; mentioned on page 49?... — read more 

Past MD comments during TH meetings. “Well the good thing about laying off as many times as we have is that we’ve gotten better at it.” This is a crazy MD comment. Normal MD’s in other companies look at layoffs as a problem. They look at it... — read more 

Is anybody else tired of being incentivized by fear and nothing else? It's exhausting.

It has always been bad around here with the expectation to work long after the official office hours. But this past year has been horrendous. Workload remained the same, while there are significantly fewer people around. I don’t even want to think... — read more 

The other company I worked at, and no I’m not going to tell you the company name, was a large company although not as large as Citi. The politics was the same, the processes and procedures were a little different. There was also the same... — read more 

Just wanna know if anyone from tampa or aml made it.

At Citi you are judged by the sacrifices you make. Hobbies, vacations and even family time are viewed as distractions and reasons to penalize. This is the house that Jane built In healthy cultures people are judged by the commitments they keep... — read more 

What does most of the managers at Citi are not supporting EAP?

A bell curve or not and the ole HR soft shoe shuffle of, as having already been posted….“A bell curve that’s flexible, sometimes inverse but adjustable to be recurve if needed….blah….blah…blah….its all designed to confuse and frustrate you so you... — read more 

Why is everyone surprised by Citi using bell curve to rank employees? Bell curves are used in schools, universities and companies all over US - what's the fuss? The problem is not the curve - the problem is the number of promotions / pay rise buckets... — read more 

“So far in 2024, Citi’s employees have already had to cope with a workforce reduction of 7,000 employees; and over 20,000 further jobs are set to be cut by... — read more 

Copy and pasted so formatting may be off: https://www.hrgrapevine.com/us/content/article/2024-12-19-citigroup-mds-question-controversial-approach-to-end-of-year-performance-reviews News Compensation, Benefits and Payroll ‘We fought’ | Citigroup MDs... — read more 

THIS is Jane’s regime. They ask for feedback, you give it, and if its something they don’t want to hear, they ignore it and you get labeled a naysayer. This mindset comes from the top and trickles on down. A plea for feedback is more of a call... — read more 

There was a TH in Belfast and the message delivered was that “Bora Bora is done, its over with. Congratulations, you made the cut. Now we will layoff a few here and there but Citi always layoff every year like that.” Don’t buy into it. Its a... — read more 

There’s times where you have a valid argument but when you start the name calling and using phrases such as Dvmb, $hittybank, Fvck Up, etc…. you sound like an angry teenager and people just roll their eyes and think “oh, him again” and quit... — read more 

Citi always spends more money and investment on processes from consultants rather than technology. Citi has to learn that you need to do more than say “we are a tech company”. You have to actually buy the tech and train your people on the tech and... — read more 

Still working with consultants, who are trained by the vendors, Citi employees spend most of time playing politics. The main fun lies in driving out new joiners and not adopting the change. To outside financial markets and technology markets we are... — read more 

I think being a consultant for McKinsey gave her an overinflated sense of management skills. Sure, she can wedge in all the corp buzz words in a sentence but that doesn’t make you a leader and in all honesty, who cares. You can give the best... — read more 

The numbers aren't too low, as I thought they would be.

why most D/SVP dont even have basic knowledge? Now i see team leads want to secure their old buddies and fire new ones, who ever comes here for better future were targeted with politics and make sure they left asap, most of the leads are narrow... — read more 

Did anyone have an OK EOY review with their manager or was it just "Blah Blah Blah" again like mine? Lol. Did the majority of people get 3-Valued Contributor again or did you get what you think you deserve?

https://www.prnewswire.com/news-releases/mike-whitaker-joins-bgc-group-as-global-chief-information-officer-and-member-of-executive-committee-302321175.html OMG. God help BCG. But then, God help companies that hire BCG ...

Unless you’re c15+ https://www.cnbc.com/2024/12/15/amazon-and-the-endangered-future-of-the-middle-manager.html

“ It has already laid off 11,000, according to Bloomberg. But the bank's stock is still lagging behind its peers, with its price dropping even on better-than-expected revenue reports and currently trading below where it was five years ago, and it's... — read more 

He was the head of Services Technology.

This year everyone will be receive compensation and bonus based on AI scripts and that logic comes from your EOY rating. Manager doesn’t have much control over compensation distribution this time.

All in which was a complete failure. Well, here’s McKinsey in action. “McKinsey & Co. agreed to pay $650 million in a deferred prosecution agreement that will resolve a federal criminal probe into the company’s consulting work advising Purdue... — read more 

https://www.bloomberg.com/news/videos/2023-12-13/citi-angles-for-fewer-layoffs-by-sweetening-path-to-exit-video

How does VOE ratings affect a senior managers bonus and performance rating ? What is the exact reason they get so ticked off when VOE ratings or comments are bad ?

Was told there was a strict bell curve this year. First review cycle and received a 2/2 rating this year. Manager said he had to fight for this rating..is this considered good? I’m personally disappointed as I’ve historically received the highest... — read more 

I checked the postings of other banks on this site. Citi takes the cake for the maximum amount of chaos going on. No other bank comes even close to Citi in the amount/degree of frustration and resentment voiced by Citi employees. Very sad situation... — read more