Do not give up! I have spent 4 months applying to hundreds of jobs, interviewing, stressing... I finally landed an incredible opportunity at a competitor. It IS possible! Here are some things I learned in the process: Cold applying via LinkedIn... — read more 

Citi’s problem is that there are not many ivy grads and those guys from overseas who have fishy diploma become a leader. Only ivy grads can save Citi.

Steve Jobs: “Don’t let what you cannot do interfere with what you can do.” Warren Buffet: "Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching... — read more 

I must say, it takes a special kind of talent to achieve such levels of disarray. It's like they took the company's organizational chart, threw it out the window, and replaced it with ****. I must give credit where credit is due, BCG has managed to... — read more 

People are moaning and groaning about management being blind yada yada….. It’s not like they are blind, its more like its by design and do not care. Yes there’s been a paradigm shift to where there’s micromanaging, sporadic shifts in decisions... — read more 

Would Citi actually terminate people for not religiously following the return to office policy? There are a lot of teams that have a mix of some folks hybrid and others grandfathered in full time remote. Does not sound consistent. There are sites... — read more 

Since being laid off, I’ve taken some time off and now I’m actively seeking new job opportunities. A recruiter friend of mine mentioned that applicants with a background at Citi aren’t looked upon favorably in her organization, and warned me that... — read more 

When will they be?

Anyone know when we receive our severance Documentation agreement? Today's date May 28th..

How does mandatory rotation policy for vendor consultants for every one or two years work? This will avoid taking control of the entire project and also hiding the important data about the projects. This will also stop vendor favoritism.

Most of SVP magically promoted to director last week, including some just demoted to I C. Is the goal eliminating SVP title? Otherwise they lost their mind!

SVP being converted to IC with no real assignment to do just got promoted to director last week. What is happening in Citi?

Is there any hiring in technology?

https://finance.yahoo.com/news/citi-hsbc-order-more-staff-212147676.html

If executive management cares about the stock more than you, go buy the stock and be aligned.

https://finance.yahoo.com/news/ex-citi-banker-says-she-225730781.html former managing director at Citigroup sued the bank and its chief operating officer on Wednesday, alleging she was fired for opposing what she said were attempts to give regulators... — read more 

The implementation of the 6 to 8 directs rule appears to be fundamentally flawed, and it is imperative that the company considers the potential repercussions it may entail. Effective management cannot be achieved when constrained by arbitrary... — read more 

https://amp.cnn.com/cnn/2024/05/22/investing/citigroup-fine-stock-dump-fat-finger

https://finance.yahoo.com/news/ex-citi-banker-says-she-225730781.html

Much negativity here which I get but there was some good discussion on mentorship, communication (CITI needs a lot of work here), taking risks in your career and of course dealing with change amid chaos. Gave us reassurance that we are through with... — read more 

https://www.msn.com/en-ph/money/companies/people-of-the-wrong-race-citi-hit-with-racial-discrimination-lawsuit-over-atm-fees/ar-BB1mJDMI

Citi fined $78 million after a European trader's fat-finger trade caused a flash crash in stocks https://www.businessinsider.com/citi-trader-fat-finger-flash-crash-trade-78-million-fine-2024-5 No wonder they have to keep laying off people.

Re org gave me a new manager and she’s making my life he-l. She used to be peer. Asking status in every 2 hours. Micro management at its worst level. I’m the only one suffering I feel as I used to be peer. I’m understanding but not sure what to do — read more 

https://youtu.be/faEBUH7zCY4?si=Vwz79XIEeBoK6cPD

How sc--wed am I? My other colleagues part of this new “team” have moved under our new MD while I’m still with my old manager. I noticed over the weekend they updated the other colleague who was reporting into my old manager into the new org... — read more 

Soon next round of layoff from O&T and Consumer Exits Market’s Department. Banamex got delay by 2 months i.e Sep 01, 2024 for Legal Day 1.

Congratulations to all the SVP population who were magically promoted over the weekend creating more D to D layers! Well done you have truly made a difference to the organisation.

We talk a lot about job losses, let's discuss the current job market to build a balanced view, it will help us making decisions.

EMEA region management actions all are done in one direction push out so many employes as possible I was tagged as a private person meaning i lost posibilities for free investments Same time MD of trading team located in 388g is Public, no... — read more 

Citi is a total cluster. Employees are ticked off, service levels are poor, everything must be done manually vs electronically, and the list goes on. Not surprised Citi is imploding, they cant even get the most basic of retail banking services... — read more 

How do see Citi position while all financial world is going into crypto ? I think 180k will be to much for company like Citi 100k seems to be to much In my opinion banking sector is heading into one big colapse

but, in comparison to where we were 5 years ago we are still -1.28% lower. Compared to JPM from the same time frame, they are 82% higher and they are of the same relative size as Citi. So yes, the layoff has made the stock price rise but its yet... — read more 

Citi fired Mike Whitaker and split operations and Technology. More info to come, so stay tuned.

Did any of you end up repaying signon for leaving Citi within one year? how quickly do they come back with repayment request? Can you opt for installment payments? also what happens to the deducted tax if you end up paying back? thabks a million — read more 

Did you have to pay back the joining bonus (Gross)/Deferred comp?

Not layoff related but have any of you been without a system today? I have had a teammate without access since yesterday and today I lost access. Is this just a reflection of what happens when you let go of IT people or are we getting the boot before... — read more