Bora Bora is over with. Is it? Is it really? Bora Bora = layoff a thousand within a few weeks. AND Bora Bora = layoff a thousand spread out over 2025 is the same. The end result is the same. Layoffs will still take place in smaller groups at... — read more
How To Form A Union (step by step guide)
This is an employee effort and cannot get fired for it. https://www.workcenter.gov/step-by-step-guide/ FAQ to forming a Union: https://betterbanks.org/organize/questions
Small raise % and bonus AGAIN
Anyone else heard that pool of money for raises and bonuses will be almost half of what it was last year?
What I love about this board…..
Someone will make what seems to be an outlandish forecast and they get heckled as a troll or a rumor monger. A month or so later it unfolds as written. The poster, or someone who claims to be the poster, replies back with an “I told you so”... — read more
Not allowed to email external recipients !
I tried to email myself and now receive error message that i am not allowed to email external recipients! If that is the case for everybody???
Any updates?
There have been many posts lately but nothing recent regarding actual layoffs or direct announcements (I have read the news articles). Has anyone been let go recently and is willing to share? One of my friends was let go in March, he got a zoom... — read more
Now lets see who will prove to be more stubborn
Them or me? I do intend to do bare minimum, and I’ll do everything in my power to go out with severance. I will use all the time available to search for another job. The only way they will be able to chase me away is if I find a better option. Given... — read more
H4 EAD accumulations
Citi has a bunch of EAD visa accumulations in past few years to reduce cost of visa processing. This might backfire soon and create space for US candidates.
The re-leveling ethics or lack thereof.
The plan is to re-level the majority at lower pay, then circle back around later with a layoff. Those that are let go now get the severance payout that will now be lower. Everyone will be on the edge of their seat with a “maybe I’ll be skipped... — read more
It will get worse I’m afraid.
There is the expectation that whoever is left after this next round of layoffs will pick up the slack of those who have been let go. You will be expected to not only pick up the slack but also take on additional roles, not only WITHOUT the pay or... — read more
Is anybody actually working a 40-hour week?
Everyone I know is putting in at least 50 hours a week, and that’s on the good weeks! Is this really how it’s supposed to be?
The truth... 350 new MDs and almost 0 sub-D promotions
Average employee lost bargaining power years ago - just accept it. Corporations nowadays are heavily skewed towards serving the interests of the top management and shareholders. Current system is run like a mafia enterprise - and we all know how... — read more
Unfair treatment or harassment? Seek out an employment lawyer. Many will offer free consultation and\or take your case on contingency.
Keep in mind that you do have rights beyond what Citi would have you believe. There are employment lawyers a plenty. Many of which, if your case is strong enough, will take on your case on contingency. Meaning that they will not get paid unless you... — read more
The many facets of reality sinking in.
at best you are nothing more than a commodity to be used, traded or discarded as Citi sees fit. Many koolaid drinkers are finally coming to realize this. Citi thinks no more of you than any other asset they have. Citi management relies... — read more
Let them eat cake response from Sara Wechter
There was a slido question at Anand town hall about the forced bell curve. Sara's answer was to have collegial review and u can grab 1 and 2 ratings from less deserving staff reporting to ur peers. Imagine u had 5 mouths to feed and 1 plate of food... — read more
Company culture is not words on the website or posters on the wall. Its how your people feel on a Sunday night.
Ask yourself, how do you feel on a Sunday night when you think of working for Citi the next day.
Leadership fail
I swear, it feels like the ones in charge seem more focused on creating chaos than offering support. Every decision piles on more hurdles, leaving everyone scrambling to keep up. Instead of leading, they’re making everything harder and pushing people... — read more
344 MD promotions is wrong!
Considering all the talk about decreased number of in seat promotions from 4% to 1 % of the total population or the re-leveling, on the other hand lots of directors been promoted to managing directors doesn’t make the moral any better. Despite the... — read more
Getting rid of the old way of thinking.
Its in every email and every TH to get rid of the old way of thinking. Wouldn’t that include getting rid of Jane? Its her regime, her way of thinking that got us here to begin with. Let’s not kid ourselves, she’s been with Citi for quite a while... — read more
Strategic or devious?
Is the master plan to re-level, to shuffle people around and lower their pay, only to circle back around later a month or so to lay many of them off? The severance payout now will be much lower now that you are making less. Upper management looks... — read more
HR really should be trimmed down and replaced.
What possible value do they serve? I mean really. They never know anything and they never help. Time to trim the HR fat.
“I want that but not that….” Citi upper management reminds me of the cast on the series “Succession”.
Buy this and that cheaper version but make it act like enterprise. Hire top of the skillset but not at the salary they want. Follow these processes unless it takes too long then speed it up but follow the processes but make the deadline which is... — read more
Layoff Package
If I have been with the firm for 3.5 years, what would be severance be? Im a C13
VOE must be pretty bad this year!
Jane's message today seemed like Santa just gave her a lump of coal in her stocking this year. People told her what they are feeling, and it was not all rainbows and puppy dogs. you can't explain away how much your employees dislike your management... — read more
Team movement
When teams get moved around, or people moved to balance teams, how are they chosen? Fo managers choose the person they want to get off of their team or is this random or based on performance?
Seems like Its not right place one like to work.
Where people discuss about new ideas, debate new challenes, enocurage and share others ideas thats where an organizations and employee grows together, but here every day starts with sense of insecurity, blame others, trying to protect from politics... — read more
This board vs. Citi layoffs
I’ve been watching and sometimes contributing to this board for a very long time. This site is riddled with a combination of speculation based off of patterns of the past, those in the know and fear mongering. Either way, no matter how you slice it... — read more
Cart for reducing bonus
The cart accountability process is being used to increase the number of 4 ratings staff and reduce their bonus and salary. Cart removes ten percent of the total compensation so if the bonus and salary increase is ten percent of the annual salary it... — read more
Retention bonuses for Andy's friends
It's the season of increased bonuses for C-suite and their friends, but nothing for the rest of us. https://www.efinancialcareers.com/news/citi-retention-bonuses-demotions
Motivational fuel
There are tons of angry, worried, resentful posts out there. People concerned about being let go before, during or after Christmas. People angry with the way the layoffs are unfolding. Other’s upset as to the reasons “why we are at this juncture”... — read more
Ny finance jobs are moving to Tampa?
My team posted new jobs in Tampa and not seeing any spots open in the group. Is it a sign that my group is moving to low cost zone?
Feeling Guilty for taking mandatory USA thanksgiving holiday off
Anyone feel like your team makes you feel guilty that holidays coming up and the work continues. Since its a global bank, other regional teammates don't care and all these holidays do is set delay your work by one day and forces a tighter deadline. I... — read more
Citi has been intensifying the attrition
Not only do we have a constant threat of massive layoffs looming over our heads, but we have stealth layoffs and firings all the time. RTO has been just another playground for making people leave or finding an easy excuse to kick them to the curb. I... — read more
More Info. on Bonus, Releveling etc.
Citigroup slashes promotions as it seeks to overhaul bank https://on.ft.com/4g782Sj