Keep Jane if you want more the same…..

The stock price is down 40% since she’s been in office. Citi went on a hiring spree under Jane’s direction. Now its deemed that we have too many people. JPM has more employees but has a much better return on the stock price, balance sheet and brand is more revered in comparison it seems.

To try and right the ship, we are laying off to appease the board and share holders.
She learned under the tutelage of Corbat and is following his recipe. She got us to this point. We will go through MORE than 1 round of layoffs, so if you survive round 1 don’t think its done and over with.

If you want more of the same, by all means stick with Jane and you’ll get it.
If you want a change, then start from the top with new leadership, new ideas.

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Vote of no confidence for Citi leadership! new leadership and direction needed badly!

Guys seriously, she’s got nothing left. Others have eluded to it but I’ll just flat out say it. All she had going was this ESG push as the only tool in the toolbox. I’m not honestly sure how’s that supposed to bring in revenue but that’s been the main hardcore focus across the board but its made no difference in the balance sheet. You’ve seen it in all the emails, all the TH meeting numbers, slido after slido of ESG hires, promotions, committees, celebration etc… I guess that it was assumed that ESG would somehow bring in $ because that’s all we’ve heard. If that hard push was because ‘its the right thing to do’, great, but still concerning on another level as that’s all we’ve heard in regards to a direction for the company with no other thing in the works.

I’m NOT saying halt that effort but what I am saying is that you have to have something else in the toolbox. Something else in the works, some other initiative. Long ago, we partnered with Costco with the credit card\membership….that was an awesome idea. It worked out really well. Try something like that. Again, keep all the ESG in place, good stuff, gotta have it, but what else do you have?

I just don’t think she’s got any vision and if not, then move aside and let someone who does lead. My guess is that the board will replace her in late 2024 early 2025.

Citi = Change at the top needed badly!

Citi needs Change of leadership at all levels!

I 100% agree with the original poster. Citi leadership failed now employees are being used as a scapegoat. Time to get rid of the rotten leadership and replace them with new generation of competent leaders!

When the CEO did not meet the stock price target, which dropped by 40%, apparently she thought it was the employees' problem, not her own. You should also look at the board, which hired the CEO.

Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Keep Jane if you want more the same…..

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