In the last performance review cycle, it was mandatory for at least 5% of employees to receive the lowest grade (4). It’s an open secret that anyone with a 4 is being put on a PIP that’s deliberately impossible to pass, so they’ll all be let go of in 3 months with no pay out. It’s a way to keep the redundancy cycle going with no redundancy payments.
Story 310: Thank you for your incisive analysis of Fortune’s seeming pay-to-play article on Jane Fraser. I agree with every word and would just add that, like most of today’s leaders – male and female – she expects to have it both ways. 1. In the recent article by Barron’s, which I assume Citi “paid…
I was recruited to Citi in early 2023. At my first company mixer, during a conversation with three female Managing Directors, they openly discussed HR’s flagrant hostility toward women. Spent the next two years networking my way back to my former firm and escaped in 2025. Don’t understand how this isn’t a risk issue for…
I worked for a small firm that was bought last year by a large bank. During the transition period, I was informed that my title and responsibilities would be “changing.” I was then demoted from an Associate back to an Analyst and told this was a policy that was “standard” and “would apply across the…
So many instances:– When I was very junior a senior manager told me I smelled nice. At a different point said he was looking for a lover.– Another senior manager avoided me like a plague if when I told him I was there if he needed anything. I meant related to work – and thought…
Citi employee here. Bonus numbers just dropped, so now we get to see who’s getting shoved out. Just heard a senior guy — hundreds of people under him — was quietly shown the door. This is the same guy who disappeared last year after an alleged affair with someone who reported to him. And of…
Story #84 – I resonate with your story so deeply. I’m truly sorry you’re still enduring this nightmare. You’re not alone in it, even if it feels that way every day. This is the painful flip side we don’t talk about enough: when women in power mimic the worst traits of the boys’ club—ego, bullying,…