Over the years I’ve heard different versions of the story of, several people leave one after another to another bank for more money and or opportunity. As we lose people, a higher up takes one of his directs for a ride and talk. They drive by the... — read more
The reason Citi’s culture is not coherent is…
Because of the way they bring employees on from international offices and promote them quickly. There is no consistent culture or set of norms. Just employee competition and infighting. Eventually the brains drain and Citi is left with the... — read more
Citi urges court to dismiss ex-employee’s retaliation lawsuit
https://www.bankingdive.com/news/citi-urges-court-to-dismiss-ex-employees-kathleen-martin-retaliation-lawsuit/720330/
Why we need a full fledged BA team?
I know there are requirements where we need,but for our case team is pretty old ,we used to deal with clients,why we need a full fledged BA team who are comparatively newer than developer. And these BA s are thinking themselves as parallel leads. I... — read more
401k
Question on 401k rollover- if you are leaving Citi do you rollover the amount to the new company or leave it until you get Citi match end of March 2025?
To Repair Its Reputation, Citibank Must Fix Its Culture
Great article from International Business Times (from this week)! https://www.ibtimes.com/repair-its-reputation-citibank-must-fix-its-culture-3740845 "Citigroup management needs to remember how the company became America's fourth-largest bank in the... — read more
Whats going on in aml in tampa
Some friends still there say alot of changes and same old buddy buddy system.
No one has ever seen this at Citi. Its never existed so count your blessings and quit complaining.
A toxic leader will use your ambition as a means to control and manipulate you. They dangle the carrot of promotions or raises to keep you working harder, even when no real opportunity exists. They set overly ambitious targets that are... — read more
Yesterday's layoffs
Does anybody know more about yesterday's layoffs in California? Is that an isolated incident or should the rest of us be worried about the continuation throughout the week?
Taking layoffs way too personal.
Just remember it’s not a reflection on you. It’s purely tactical approach taken by leadership to cover up for poorly thought decisions to save severance costs and hire for solving regulatory issues. Your self worth, potential and talent does not... — read more
Layoffs Projection
Sept'2023 - Mar'2024 - 7000 Layoff Sept'2024 - Mar'2025 - 7000 Layoff Sept'2025 - Mar'2026 - 6000 layoff Banamex Sept'2024 to Dec 1, 2024 - Separation of 40K Staff from Citi Banamex to Banamex.
Be careful of PIPs during this Redundancy wave
Didn’t have a good mid-year review? Even if you performed average or above, you might have received a bad rating. Well, look no further than the end-of-year review. Citi is being tricky—they might put you on a Performance Improvement Plan (PIP). No... — read more
Temporarily high stock price will not save us
A rising tide raises all boats. Citi is lucky to be up again but it wont last long. The fundamentals aren't there to support growth in the stock. The bleeding will obviously continue and will likely never stop like at Wells Fargo, as management... — read more
September layoffs
Is there any truth to September layoff rumors? I've seen it mentioned a few times, but no additional info was provided, so I'm skeptical about it.
Time to leave
Citi stock is on bad path again. Lots of managers, directors looking to jump the ship.
Citi employment only lets you live for the day
You dont know what tomorrow holds and cant plan anything ahead of time. There a chance you have to work on the weekend and only get a days notice or have a late meeting with oversea's team same night and only get a heads up near the end of your... — read more
Jane is awesome!
Remember all that talk about her amazing leadership capabilities?
Belfast in the chopping block
There is a talk of downsizing Belfast site, and move those jobs to Hungary. Bottom line, if you're in Belfast site, you should be concerned. And if you're in the Hungary site, expect more hires and opportunities!
Hiring
Citi again started hiring people in multiple locations. No more layoffs tension.
How is the job market at the moment - 2024?
Is anyone job hunting at the moment? How is the finance and tech market? Please share your experiences and plans. Thank you very much.
Cheap bank and everyone knows it.
When you have “on call”= too cheap to staff adequately. So Citi needs on call to save money to make it. Citi needs to provide small to none on bonus’s or raises to make it. Cheap all the way around except one area, Jane’s pay\bonus\stock payout for... — read more
Citi broke a law in EU
Citi Employees in EU are currently obligated to report most of stock transactions There is no such law in EU... EU law is much less restictive than US law and SEC, and Citi Global Policy.... , somehow limitiations are present only here RISK team... — read more
So Quiet Right now !
We are living at Dark now. Sad !!
Citi is black listed.
I have friends outside of Citi who are highly technical. They are already currently employed at fortune 100 companies and aren’t on any layoff list, even so, they keep their options open. I have submitted them for various positions at Citi over the... — read more
Citibank N.A. Vs Anthony Disanto
Citibank files complaint civil action against Anthony Disanto https://trellis.law/case/42091/2024-03662/citibank-n-a-v-disanto-anthony
Extremely embarrassing.
Citi: No comment. https://www.efinancialcareers.com/news/citi-stands-accused-of-attempting-to-implement-ai-on-the-back-of-excel-spreadsheets
This company is an ongoing nightmare
The lashings will continue until morale improves.
Need more leaders to go
The top leaders have little or NO understanding of complete business. Tech leaders don't have understanding of latest technology. I doubt even they did some coding in their careers ? More BA became tech leaders . They should be in Business groups... — read more
Job Grades / Titles
In the interview process with citi, trying to understand the job grade / hierarchy / titles. Is MD grade 16 the highest grade, or are there others? What are the levels right below that i.e. 13, 14, 15? SVP/Director/Senior Director, or something... — read more
Very few people who knows real business
The Tech divisions lack "Business" mindset and very few Business Analysts are able to translate clearly. Recently more BA's are hired offshore which adds oil to the fire. They completely lack the skill to transform the org.
Long Silence !!
Since sometime, it's quick and no Townhall or news on any matters other than the SEC fine.
I know absolutely nothing about running a business but I do know there’s a problem. We can’t seem to keep top talent newly hired.
https://www.advisorhub.com/don-plaus-leaving-citi-after-four-months-sources/ I wonder if Jane is happy and satisfied.
Head of Citi Private Bank leaves after just 4 moths!
Who could blame him? https://www.advisorhub.com/don-plaus-leaving-citi-after-four-months-sources/
NY/NJ areas to be wiped out.
The plan is to move operations to low cost areas. Slowly low profile jobs like BA, Tech and consultants will be moved to Texas, Florida, India. There will be huge reductions in head count. The plans are in progress and more preferences will be... — read more