RE: Story 59 Based on my two decades of experience in capital markets at a large Canadian bank as a woman, I have consistently observed that during layoffs, men of color are let go first, followed by women. Only when no other options remain are white men affected. While leadership often points to DEI initiatives,…
As a manager I saw the termination for more than 10 women in wealth business director level or above and no men were considered for the restructuring. This was not result based. When they send the JOB Restructuring package they include age but not gender as most women are being laid off.
I am based in Citigroup’s New York office. While I cannot speak to other business units, the Equities floor regrettably lives up to its longstanding and notorious reputation for dysfunction. A small cadre of MDs and their favored allies effectively dominate the culture, fostering a cliquish environment. Although the Equities division now includes a notable…
I worked at Citi’s London office and was shocked by the overt sexism, misogyny, racism, and nepotism-driven promotions. While these issues exist in many organizations, at Citi they felt blatant, unchecked, and systemic. During my time there, I witnessed:– An alcoholic contractor (hired through nepotism) harassing multiple women, inside and outside the office, for months—while…
I have absolutely no idea who is behind this site but from the bottom of my heart – thank you. The most recent editorial note is beyond critical for all to know and is foundational a tremendous part of the systemic problems at hand that absolutely require a call to action. If this story is…
Despite significant media interest, there have been suggestions—unsurprisingly—from the institution involved that this site should not be covered by the press, on the grounds that it represents individuals “leveraging the media” to make a statement. That framing is worth addressing directly. The right to speak publicly about one’s lived experience is a core First Amendment…
I can’t tell you how much this website means to me. Growing up, my sister and I lived in the shadow of our stepfather—a man who used religion as a weapon for his own cruelty. He was an authoritarian in every sense, constantly searching for any reason to punish us. It always felt like he…
To the contributor of Story 13, I hear you. Your experience at Citi mirrors my own. Thank you for sharing our story.
Having posted a story myself, and many more drafted but not submitted – I feel the need to say to those who have been so vulnerable and brave enough to share their own but are still at the firm – you owe them nothing. The current news alone is evidence that you can find your…
30 year wealth management professional. The best boss I ever had – at U.S. Trust – was a woman who was marginalized over and over because she wasn’t part of the boys’ club. But by far the worst culture on Wall Street is Citi. Spent three years stunned by the chaos & power thirsty MDs….