I noticed the submission describing HR pressure on managers to terminate employees in ways that avoided paying severance. I believe a major publication investigated this practice at Citi and ultimately did not run the story because of *obvious* pressure from the company, despite evidence suggesting it was widespread. Perhaps this will encourage said-publication to pick that story back up.
There is a manager in Rutherford — a long-time protégée of a senior data executive in Citi’s Data organization — who arrived in a Tech group without any relevant technological background. No engineering history. No product experience. No prior exposure to ERM. And yet she was handed technical teams to lead. What followed was predictable….
Citi’s Legal Dept: When the “Hold” is as Blind as the Justice If you thought working at a Tier 1 bank meant dealing with sophisticated systems, think again. Two of my team members received a Formal Legal Hold from Citi’s Legal Department. The issue? The hold covered a specific department and timeframe during which none…
Nearly 10 years now in the industry and still a distinct lack of senior females specifically on the trading floor at Citi. To rub salt further into the wound Citi Markets disbanded/restructured their Women’s employee resource group (along with other DEI groups in Markets) due to pressure to adhere with US government new diversity policies….
I submitted story 76 and realized a typo. Please change 8 figures to 7. I would like the story to be accurate and apologize for typo. THANK YOU FOR WHAT YOU ARE DOING !!!!!!
Word is getting out that Citi’s HR department is firing more and more employees for cause rather than doing a layoff – this way they don’t have to pay severance and it’s a legal way for them to keep (er, steal) someone’s unvested stock options. It’s about greed. I’ve heard of four women in two…
My female relative worked at Citi as a managing director. When she was hired, she was filled with excitement and eagerness to make an impactful improvement within her division. When accepting the job offer at Citi, her hope was the culture would be making at least an effort to shift away from the “good old…