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Cost cutting is now the norm for this company

  • Comp & Benefits
  • Work/Life Balance
  • Senior Management
  • Culture & Values
  • Career Opportunities
Current Employee - Management Associate  in  New York, NY
Current Employee - Management Associate in New York, NY

I have been working at Citi full-time for more than a year

Pros

Depending on your department, you can end up working with a great team. Most people in the company are interested in helping you get your work done.

Cons

The Great Recession has forever changed the banking industry and Citi in particular may never be the same, nowadays they are constantly in cost cutting & survival mode. Given the downsizing that has taken place, you can expect to be doing more work for the same salary. Very low transparency among senior management.

Advice to ManagementAdvice

Try to live by some of the same standards you set for your employees

Recommends
Negative Outlook
Approves of CEO

2629 Other Employee Reviews for Citi (View Most Recent)

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  1.  

    Depends on your department and manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  New York, NY
    Former Employee - Analyst in New York, NY

    I worked at Citi full-time for more than 8 years

    Pros

    Overall, there was a fun and interesting employee base. I still stay in touch with many of my former peers. Also, It was fairly easy to move within the organization if you wanted to explore other areas.

    Cons

    At times, there was poor oversight of department managers. This may have been due to a good amount of manager turnover. Like many big firms, they were constantly looking to outsource jobs to cut costs.

    Advice to ManagementAdvice

    Treat people well and they will work hard and be loyal.

    Doesn't Recommend
    No opinion of CEO
  2.  

    Citi Review

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - IT Manager  in  New York, NY
    Former Employee - IT Manager in New York, NY

    I worked at Citi full-time for more than 10 years

    Pros

    Large organization with lots of resources that will make your job somewhat easier.

    Cons

    Bureaucratic, high stress, with little compensation rewards the past few years. Cost cutting, layoffs and shifting of job functions overseas lowering morale.

    Advice to ManagementAdvice

    Show some loyalty to your employees by actions and not just words on power point slides. Cut costs by moving senior level executives to lower cost regions instead of just first level staff and middle managers.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
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