Thanks Jane. https://www.cnbc.com/2023/12/15/citigroup-employees-told-they-can-work-remotely-until-new-year.html
Look at the stock price
90% will remain so hustle ppl
What happens when an employee receives a 4 rating
If you feel you didn't deserve a 4 rating due to bad management experience and them trying to make you look awful. Do you have to acknowledge the 4 rating on workday? What happens if you do not acknowledge you had the talk?
Anybody puzzled by hiring spree at some regional offices
So I've been hearing about layoffs for a while now. And ever since I've started it's been a huge hiring spree position after position for tons of roles, so I don't get how this makes sense given that they also plan to lay off. Also, has anyone... — read more
How bad is 3 rating (across all categories)? Is it going to be difficult to find internal mobility opportunities with this rating?
I am a bit shocked to receive this rating despite the fact that I worked quite hard this year. Worried this is going to impact my future prospects at Citi. How bad is this rating?
has anyone been approached for early bonuses?
https://www.bloomberg.com/news/articles/2023-12-13/citi-offers-partial-early-bonuses-to-encourage-staff-departures
US Municipal Business shuttered
I believe this was widely anticipated on the street. Anyone know how many that portion employs?
Has anyone out here received a “voluntary redundancy package”?
https://www.efinancialcareers.com/news/2023/12/citi-voluntary-redundancy
Jane Ask Me Anything
It's amazing how she answered the questions without providing an actual answer to what was asked. She essentially dodged all questions. Would have been better to not do it. Anyone else more confused after the AMA?
vendor consultants enjoy more than employees
Vendor Consultants doesn’t seem worried about layoffs. They don’t have to show up in office and get good medical benefits
Comedians hosting a Town Hall ?
What are your thoughts seeing a bunch of "Seniors" trying to be funny and having a laugh during Whitakers Town Hall while they planning thousands job cuts the same time ?
Stuck in perpetual "transition" mode
That's what it feels like. How are we supposed to focus on work in these circumstances? It's just a never-ending restructuring with never-ending cuts. And I can guarantee you, even after they say it's over, it will be only a few months before they... — read more
Anyone laid off will be paid a partial bonus
https://finance.yahoo.com/news/citigroup-offers-partial-early-bonuses-151556484.html
Citi hires a trader it fired...
https://www.efinancialcareers.com/news/2023/12/citi-rehire-a-trader-that-had-been-fired
Internal Mobility?
I see tech teams being moved from one country to mine but they are hiring the same people and paying for their visa and relocation. How does this make sense when we are supposed to be saving money? Also, if Citi is making you redundant purely to... — read more
Early bonuses
https://www.reuters.com/business/finance/citigroup-offers-partial-early-bonuses-encourage-departures-bloomberg-news-2023-12-13/#:~:text=Dec%2013%20(Reuters)%20%2D%20Citigroup,people%20familiar%20with%20the%20matter.
Concerns about biased layoff selection
I recently discussed the impending layoffs within our team with a colleague based in New Jersey. We’re both hoping to avoid being selected for layoff. During our conversation, my colleague mentioned that our manager assured him that he is working to... — read more
Roles with no real purpose
Did you notice an increase in roles with no real purpose? How many PowerPoint warriors does Citi need? How important is it to go from a meeting to a meeting where they keep repeating the same things over and over again? How come they are not the ones... — read more
Have the layoffs made you paranoid?
I freak out over everything.
MD offline for two weeks...
If an MD has been offline for two weeks with no OOO on, is it safe to assume they are gone? Within Risk.
Toxic MD gone !!!
I will say I am glad to see one of the most toxic, degrading and demeaning MDs leaving. She would yell at her managers if she had low VOE scores, demean her managers in front of others and degrade them. If you worked there you know who I am talking... — read more
SVP and D promotions
Following the MD promos - Lots of D and SVP will be promoted this year. Will be announced over the next week. More people to manage the few(er) people doing the work!
I’m tired of interviewing and getting ghosted
I've been trying to find a new job for months. I have no problems getting interviews, but more often than not, I get ghosted afterward. Is this normal? Am I doing something wrong? I don't expect to receive an offer after each interview/set of... — read more
More Layoffs this Week
Sounds like this week is going to be a bloodbath
Remember : Your medical plan cost rises in Jan
All the medical plan cost is rising in January without any hikes this year. If you are not aware, check in CIti's compensation and benefits website.
The company is rooted with Politics
I recently joined Citi around 2 years ago. Over these 2 years, I noticed several cheap politics being played around. #1. Vendors: Vendors give holiday party and perks to Citi employees for hiring their employees. Citi managers eat and drink on... — read more
Citigroup and the 'financial supermarket' experiment
https://www.youtube.com/watch?v=3njfN0IOz38
Thank you, BCG
I heard someone says BCG is involved in the decision to "reorganize" and layoff. My reaction is - oh.. that explains it.
Holiday party
We make the firm so much $$$ and we don’t even have a nice holiday party.
Secret Job Openings
Seems like a large number of jobs (at DIR/MD) are very quietly opening up internally. . . and very quietly being filled. Recent example: new head of MCA. Anyone else heard/experienced the same thing?
Typically Citi
This forum really showcases the toxicity in Citi. We are supposed to be here to discuss insights into layoffs across the business. Instead we have s-xists, racists, bigots, judgemental a--holes, and know it alls. Barely anything productive being... — read more
Everybody I know is looking for a new job
Including me, of course. People are fed up. Many of us are not even going to wait to see what will happen in January, even if it means leaving severance behind. That's how badly we want out of this mess. I don't know if that was the aim or not, but... — read more
Remove the extra layers by getting rid of 300 and replacing them with 304 more.
This is where the Benny Hill chase music starts playing. Well done Jane, well done. You should give yourself another multi million dollar raise for that one. Again keep Jane if you want more of the same.
9 new MDs in HR?
Is there no one else wondering what the devil these people did to make MD? Cut Citi’s contribution to benefits the most? Made Workday as unusable as possible? That is 3% of the total.
Treatment of employees and contractors
While there I suffered retaliation for reporting tista, verbal abuse, demeaning verbiage and all kinds of treatment that proves they don’t care about anyone who works for them. This is not a company worth working for. I would live under a bridge... — read more
I'm so tired of this
How am I supposed to focus and do my work with such huge layoffs hanging over my head? My productivity has taken a major hit and I don't even have the strength to care. I'm mentally and emotionally exhausted all the time. This is such an inhumane way... — read more
Managing Director Announcement made today?
Was this global today or just in some regions?