Saw an article on LinkedIn about Citi restructuring and planning on job cuts. But they’re still hiring, as I have an upcoming interview. Confused 😕

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Trade very carefully. Companies have been shameless in withdrawing offers. Plus generally it’s last in first out kind of thing in layoffs.

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I’m not even sure there are real openings at this point

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Depends on the function… risk / compliance is always hiring

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Wdym down the drains?

Run as fast as you can! It’s a regular circus at the moment.

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Citi and wells are in flux now. Jp is hiring and BofA frozen.

Right now just stay where you are unless it’s a big problem

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Definitely do not join. Such roles can be de duped across the org

I am too. AVP role ICG/TTS. Saw and email from Mike Whitaker that they’re going to absorb some people and make it all O&T. The woman I interviewed w literally reports to the CFO. Was telling me all of these things about planned growth, larger budget. Hoping I can get into it. Already interviewed 3 times for the role of 4 scheduled interviews. Fingers crossed.

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Best of luck to you

It’s called churn and burn. You are good to them for your use and age until you are not.

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Which group were you interviewing with? If it’s Regulatory related you should be ok.

All else are waiting to see- consensus is that some Directors and MDs will be shown the door. Lower positions should be fine

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For me, it’s a CCB Associate - front office role. I’ve waited almost 1 month after final interview. HR replied me instantly after I emailed her, asked me to wait for Hc approval, I’m so nervous right now. Should I be worried about it?

I’ve saw at least 3 posts complained about citi not releasing offer after final interview

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How is this odd? Citi announced sweeping layoffs yesterday. They’re not gonna fire hundreds (if not more) and then hire folks

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Sometimes we interview just to keep a candidate pool active, but it doesn’t mean we are hiring right away

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I’m sorry you feel that way and I hate we do that. I was trying to help a few friends get jobs but then turns out the recruiting manager was just trying to get a feel for what was out there because there was a hiring freeze

Also one of my friends had some issues and nobody wanted to tell him, so I told him off record. I guess I was scared I’d get sued too but at the same time people deserve to know they’re not getting the job.

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Something to talk about at the interview

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I asked and interviewer didn’t like it.

Goodluck! It may likely be a different group. Where are you interviewing?

It’s because the company is restructuring

Best of luck!

How is the QA department are they in a hiring freeze?

It's different departments. I've heard that they are planning to cut Wealth Management. As for tellers, or bank officers - I am helping three different branches right now because they are seriously understaffed.

That's odd, in Jane's communications doesn't she say that a large focus is on growing the wealth management business.

She never said whether it's globally or nationally.

I always assumed it was national since they sold smith barney during the financial crisis.

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