citifinancial layoffs

Posted in the Citigroup Forum

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gemma

United States

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#3863
Oct 18, 2010
 

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Rusty , probably the start of consolidating of offices.
Rusty Shackleford

United States

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#3864
Oct 19, 2010
 
So 3 day kickoff in Texas this year? Isn't that where the ADs met before the last layoffs?
Pooh Bear

Pittsburgh, PA

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#3865
Oct 21, 2010
 
If they are re-branding then there is not anyone buying us. In order to get capital, they will have to sell off some of the portfolio. Yes, offices will be consolidated.
Rusty Shackleford

Shawnee, KS

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#3866
Oct 21, 2010
 
No, Pooh. The rebranding makes it easier to be sold.
concern

New York, NY

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#3867
Oct 22, 2010
 

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Well, lets see - 1.4 CPL but it is optional - yea right - If I do not reach it, I will get written up. DMs and ADs are back at it again - performance management - my ass! ANd don't even bother calling HR - they are all in this
former

Plymouth, MI

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#3868
Oct 23, 2010
 
With Wells Fargo Financial closing and beneficial and household gone then It would be quite clear what will take place. Enjoy it while it lasts and if you receive better offer might want to think hard about taking it. You have the skills from the job to get into many other areas of finance. Sub prime tough market right now. Many people not interested in paying 25 to 30 percent for loan. And many can not afford it. Vikram will pay well while liquidating because he doesnt want to lose everyone until its over. Makes sense consolidation will continue as portfolio gets smaller and smaller.
someone in virginia

Norfolk, VA

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#3869
Oct 24, 2010
 
Lets all think positive...
Get Over It

Warren, NJ

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#3870
Oct 25, 2010
 

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I think people need to spend less time with their "Conspiarcy Theories" and more time on their job - perhaps then you wouldn't have to worry.
You complain and complain, but no company is perfect. If you don't like it - leave. There are 50 people behind you that would feel blessed to be in your position with a job and benefits.
As far as the Kick Off meetings go - who cares were they are located? Every Division is having them in a different place - so Texas is just Texas. Do you REALLY think they would put out the money to do it if they were closing more branches? And if they do, who cares? Do your job now so you have a clean conscience moving forward. Do your absolute best and no one can complain about you or write you up. It's rediculous to think that they wouldn't expect employees to begin to close more loans and have a better CPL - things are turning around. Besides - last time, I checked, you get bonus for doing your job and raises are coming, too.
Everyone just needs to get over themselves and realize how blessed they are to still have a job that hasn't asked them to take a cut in pay or frozen their salary.
Here and Now

Austin, TX

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#3871
Oct 25, 2010
 
"Get Over It" is correct. Ride this horse all the way until something happens!
Somewhere central

United States

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#3872
Oct 26, 2010
 
I havent been with the company very long but can anyone tell if we do get raises when does that usually take place?? What month?
Confused

New York, NY

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#3873
Oct 27, 2010
 
Anyone know what the policy is on passing the SAFE test??
monkeybiz

United States

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#3874
Oct 27, 2010
 
Confused wrote:
Anyone know what the policy is on passing the SAFE test??
Mary said on her call that she would be sending out a new policy regarding passing the SAFE Test.

I'm wondering how will people be rated on their Year-End-Review, if they have taken the test "4" times and haven't passed it?
Also, why are people taking the continuing education courses when they haven't passed the SAFE Test? Just curious.
Confused

Scottsdale, AZ

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#3875
Oct 27, 2010
 
I heard that if you haven't passed it on your 4th time then they are letting you go. Kind of crazy because only about 35% of the company is licensed. Might be an easy way to get rid of employees! Also, it's kind of ridiculous because we don't even do RE loans anymore.
jonis

Denver, NC

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#3876
Oct 28, 2010
 

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Citifinancial sold to household bank closing 75% of the network branches
former

AOL

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#3877
Oct 28, 2010
 
How did you come up with that information. Why would Household Bank get back into the business unless it was bargain basement price.
gemma

Sheridan, IN

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#3878
Oct 29, 2010
 
Jonis is a DM looking to get a rise outta ppl because that's what they like to do
former

AOL

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#3879
Oct 31, 2010
 
Then Jonis is an idiot.
LOL

United States

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#3880
Nov 2, 2010
 
So who else has heard anything about Citi and household??
ga girl

United States

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#3881
Nov 3, 2010
 
if it happens it happens u hear all kind of stuff all the time i think i am ready for the stim package im about tired of all the stuff any way but really have not been all that bad since June NELSON
left everyone dont worry about losing there jobs to her....if i lose my job it aint June that done it sooooooooooooooooooooooooooooo ooooooo glad she is gone she was fired she only got what she deserved
Happy GA Guy

Macon, GA

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#3882
Nov 4, 2010
 
ga girl wrote:
if it happens it happens u hear all kind of stuff all the time i think i am ready for the stim package im about tired of all the stuff any way but really have not been all that bad since June NELSON
left everyone dont worry about losing there jobs to her....if i lose my job it aint June that done it sooooooooooooooooooooooooooooo ooooooo glad she is gone she was fired she only got what she deserved
This is a load of you know what. Everyone knows that she took the fall for the lazy, ignorant, and cowardly group of employees in GA. She has even continued to help others that have left Citi in the last year. It is very evident from your poor grammer and your own comments proving that you are lazy, that you WILL get fired. When it happens, YOU can take all the glory for it.

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