CIT

www.cit.com
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Was a great company before bankruptcy in 2009. Now the focus is on shareholder approval and cutting expenses.

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Former Employee - Anonymous Employee in Livingston, NJ
Former Employee - Anonymous Employee in Livingston, NJ

I worked at CIT full-time (more than 8 years)

Pros

The people that work there are genuinely good people. The location is convientent for those that drive

Cons

The senior management is lousy, It appears the company is trimming cost to sell the company. Leasing is not the most exciting industry to work in.

Advice to ManagementAdvice

focus on adding revenue and not cutting expenses

Doesn't Recommend
Neutral Outlook
No opinion of CEO

152 Other Employee Reviews for CIT (View Most Recent)

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  1. 2 people found this helpful  

    Low Morale in IT Department

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee in Livingston, NJ
    Former Employee - Anonymous Employee in Livingston, NJ

    I worked at CIT full-time (more than 5 years)

    Pros

    many people stay at CIT for a long time

    Cons

    IT Department has had multiple layoffs in recent years leading to low morale and fears of total outsourcing of IT. Culture is focused on compliance and not technology. limited room for internal growth. majority of high-level positions have gone to new hires and not internal candidates. Business has low regard for IT department and thinks of them as an expense only.

    Doesn't Recommend
    No opinion of CEO
  2.  

    CIT post Bankruptcy

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Director in Livingston, NJ
    Former Employee - Director in Livingston, NJ

    I worked at CIT full-time (more than 5 years)

    Pros

    New C level team has smarts, and getting out from under a C & D is big step

    Cons

    Middle manage is same fools that allowed firm to fail, allworried that Thain will get rid of them he seems to have given them a chance to get on board, but most are just worthless self important over paid spinners

    Advice to ManagementAdvice

    Get rid of the nest of Snaks you have as P&L leaders and back up the CCO

    Doesn't Recommend
    Neutral Outlook
    Approves of CEO
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