Citi - Cost cutting is now the norm for this company | Glassdoor
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There are newer employer reviews for Citi

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"Cost cutting is now the norm for this company"

Star Star Star Star Star
  • Work/Life Balance
  • Culture & Values
  • Career Opportunities
  • Comp & Benefits
  • Senior Management
Current Employee - Management Associate in New York, NY
Current Employee - Management Associate in New York, NY
Recommends
Negative Outlook
Approves of CEO

I have been working at Citi full-time (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 Management

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

Other Employee Reviews for Citi

  1. "Depends on your department and manager"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Analyst in New York, NY
    Former Employee - Analyst in New York, NY
    Doesn't Recommend
    No opinion of CEO

    I worked at Citi full-time (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 Management

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


  2. Helpful (1)

    "Was fine till Pandit left"

    Star Star Star Star Star
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst in Boston, MA
    Current Employee - Business Analyst in Boston, MA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Citi full-time (More than 5 years)

    Pros

    There was decent benefits, health, dental, vision, 401k.

    Cons

    There has not been any bonus's or salary increases in 4 years.

    Advice to Management

    Your employees are your most valuable assets. Treat them as such.


There are newer employer reviews for Citi
There are newer employer reviews for Citi

See Most Recent

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