No surprises there at all. High functioning people are usually very fucked up.

Corporate Strategist

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Not surprised that this is happening in Citi Bank

UX/UI Designer

Not surprised that this is happening in Citi Bank- Grapevine

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Citi bank is one of my dream company people kindly help me with your referral friends

Anyone from Citi Bank

Analyst

I want referral in citi bank kindly refer me for a position

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Anyone from Citi bank

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They've hired Boston Consulting Group to help them carry out their plan. The plan is to cut atleast 10% in major units. The project is termed Project Bora Bora. 

They will be eliminating regional managers, co-heads and other employees with overlapping responsibilities.

Chief of staffs and chief administrative officers will be cut this month. Operations staff who aided divisions that have been divested or reorganized are also at higher risk of layoffs.

Citi Bank is reportedly going to cut 24,000 jobs worldwide

The Consultant life is all about chilling and billing. You chill and then you bill for the chaos

Product Manager

DevOps Engineer

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My company is vendor with citi bank for their software engineering and technology needs. 
Citi has its own employees for software engineering and they have non employees from various vendors. 
Here sharing my personal experience:

Citi bank employees treat vendor employees with utmost no empathy, create discouraging environment by acting less welcoming, less approachable which makes one feel not belonging to team, less empowered and encouraging. 
They won't groom you, won't communicate and collaborate and suddenly some day they will ask completion of task and if not done, they will threaten you with escalation to your manager, showing you as under performing and eventually will demand release from citi projects. The manager being vendor to citi won't do due diligence or have dialogue and will obey whatever THE CLIENT citi employees say. This is kind of genocide of brilliant employees who joins citi team expecting team intro call, adjusting in new environment where responses to queries very rare from citi employees, adapt to working style with zero collaboration spending extra hours, learns the system and then playing dirty politics eventually resource is released stating not performing where manager also can not take stand against client. 

Simply it was worst time of my career and many like me who were tortured the same way i was. 

Being a software engineer for Product so far, it was nightmare for me in Service for client Citi.

I wish this doesn't happen with anyone else 🙏🙏

Review: Working with Citi bank as Vendor

Software Developer

https://www.reddit.com/r/FinancialCareers/s/Mgw1iOMZwh

Citi layoff 7000

Seen enough posts about credit cards, thought it was time to ask about banks! 

I have a decently sizeable income and am anticipating more coming in USD in the coming months potentially. Earlier my family and I used to have priority accounts at Citibank (including one current account). Citi had good relationship managers and our issues were resolved on priority but ever since the merger, I feel Axis hasn't been that good. 

Which bank accounts do y'all have accounts in? Would want a bank where can establish good priority relationships etc with!

Best bank to have an account at?

Lawyer

Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order, people familiar with the matter said on Thursday.

Citigroup to lay off less than 1% of staff - source

Citi firing 2400

Software Engineer

- Amid the ongoing row between a New York-based short seller and the Indian market regulator, a completely different controversy is brewing. It involves the country’s second-most-valuable bank, and its plan to swallow up its securities affiliate.
- Some shareholders of ICICI Securities are upset over the terms of the buyout and want to know how SEBI allowed the delisting, waiving its own rules.
- A company-law tribunal in Mumbai quashed their challenge and allowed the deal to proceed, but a separate class-action suit is ongoing.
- SEBI is also facing criticism for its role in the merger, with allegations of conflict of interest against its chief.
- The regulator issued an administrative warning but did not satisfy all parties, leading to a class-action suit by over 100 investors.
- The Bombay High Court has directed SEBI to share its approval letter, which will be crucial for future transactions. 

 Source: [Bloomberg](https://www.bloomberg.com/opinion/articles/2024-09-01/in-india-some-m-a-are-more-equal-than-others)

ICICI Bank's Controversial Exemption Sparks Outrage

Journalist

JP Morgan lays off 1000+ employees at Newly acquired First Republic Bank 

https://www.forbes.com/sites/brianbushard/2023/05/26/spring-2023-layoff-tracker-jpmorgan-cuts-1000-first-republic-employees/

Now even Banks aren't able to escape Layoffs

Data Scientist

My mother called me yesterday and tells me she got scammed for about 10 lakhs and needs money by Monday. She has 4 lakhs and I will have to cover the rest. Turns out she let a friend take a loan in her name and this friend gave fake jewellery as collateral. The friend took loans under her husband’s name and my mom’s name, she divorced the dude and escaped. The bank called my mom and has asked her to pay, now they’re filing a case against my mom for fraud.

I’ve spent my weekend talking to advocates and friends, and looks like the only way to get out of it unscathed is to cut a deal with the bank saying we’ll pay the money back and they don’t press charges in return. Contesting the bank is going to take time, money and the risk of my mom losing her job.

As an older daughter who grew up in a broken family, I’ve spent my childhood and adulthood protecting my mother and sibling. I finally landed a well paying job 2 years ago and now the responsibility extended to providing for my younger sister and my mother financially which I’m more than happy to do. I’ve worked hard the past few months to save what I have right now beyond what I give my family, use to sustain myself and finally felt happy about the position I’m in.

Now I’m heartbroken. I’m going to be emptying almost 70% of what I have so far for this for paying the bank and the lawyer. Especially for something that’s not even my mistake and something that could have been easily avoided. I’m not in a place to direct my anger at her, I know it’s a hard time for her as well. 


6 to 7 lakhs might sound like a small amount to some but I don’t have the privilege to throw money like that. I don’t have fuck you money. I don’t take money from friends. I’m 25 and literally just started my life 2 years ago after working for peanuts. 

What’s even the point of working hard, leading an honest life if this is how it works? It’s just truly unfair and I don’t know how to deal with it.

I wish life was a little easier and I just need to vent

Me too venting in this space.. 
 //Start if rant 
  
 My father too was frauded by a builder whom we had entrusted building flats on our plot of land. Fcker took booking amount from multiple people and left construction, claimants now coming after us saying its our responsibility to refund even though my father didnot recive any amount. 
 I had to take 18 lakhs loan for my father to complete construction and am all the time calling advocates in assesing risk from claimants who come barging at our home and building site with threats of filling FIR. 
 Every month my one third salary goes in Loan amount, had got a ideal wlb good paying job 2 years back after battling unemployment and low pay for many years. 
 Had planned to take wife and kids on vactaions for making up for lost time but now struggling to fulfill basic needs for family, forgot about vacations. 
 Have taken risk and moonlighting but it becomes hell on days when there is clash between jobs and sometimes lash out on my kids and wife and parents and then get hit by double guilt of not being strong enough.  
 Dont have any backing to face cheat builder who has backing of police and politicians, claimants coming after us as they have recognized us as soft target. 
 Preparing for 10 lakhs more expenses in multi year litigation trying to probe my fathers innocence. 
 Fcking jealous relatives enjoying all this from distance. 
 Fck this world. 
  
 //End of rant

Growth Manager

Welcome to Office Gossip's Private Community

Hi everyone, recently i interviewed for a product position in hdfc bank. I did well and was asked to submit documents for offer release. Everything was going fine. But, a couple of days later, I was told that there's a hiring freeze in hdfc. Can someone confirm this? Thanks in advance.

Hdfc bank hiring freeze

Hi guys I am looking for opportunities in citi and if someone can help me with referral I would be grateful.

Anyone from Citi

Every other guy I see these days is joining JP Morgan/wells Fargo/HSBC/Citi etc.

Seems kind of weird.
Not to mention insane hiring leads to layoffs as we know....

What's with the large amount of hiring going in US Banks?

Founder

Is CRED Money worth it?

Consultant

News of jpmc doing layoffs after Morgan Stanley last week is out.
Wanted to know if any teams, departments or employees in India, Mumbai and Bangalore are affected?
If anyone has any info, please share.

Any updates about jpmc layoffs in India?

Equity Research

I work in idfc first bank as a data analyst where my CTC is 10 lacs + 1.5 lacs variable. I'm a fresher. I need to know if this is what the standard package range is. I am about to finish a year here and I love the work here but I'll be willing to switch if I'm being underpaid. Thanks!

Not surprised that this is happening in Citi Bank

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