Thread regarding Citigroup Inc. / Citibank / Citi layoffs

The saying “what have you done for me lately” is a two way street. I don’t think management realizes that.

I have worked at 5 different big companies, this is the first time I’ve ever felt the CEO was completely clueless and directionless.

There’s been several posters out there who have hammered away on all she focuses on is ESG and has no plan to bring in revenue. After doing nothing but remaining silent and watching, I have to admit, I gotta agree. I see no plan just sit back and watch what the other banks do and try to keep up. Year after year we are the lowest out of all the banks in stock growth and revenue. It’s embarrassing.

The first female CEO card pulled by Jane is getting old. We have spent a year congratulating you and padding you on the back. It's great for your resume, but that's about it, investors/employees/heck everyone is looking for results.

All I see is reorgs/rebranding org names and exec musical chairs. When will these ppl understand that "players" play the game and execs are just overpaid salespeople.

I bet Jane has not opened a spreadsheet or done basic arithmetic in years. She isn't the only one either in the exec suite.

It appears that Jane and company in the executive suite are fighting over deck chairs, as the band played on………

I just hopped into a life raft myself and am sailing away. It’s sad watching the captain running back and forth trying to convenience everyone that everything is going to be ok as the titanic goes down.

I’m seeing post on LinkedIn of people asking if C will cut its losses or not with Russia. None of this bodes well fro the company.

I’ve got a bad feeling that Citi is going to eat that 8 billion $. If so, then layoffs will ratchet up. Dust off those résumé’s boys and girls.

I sorta feel sorry for JF. When interviewed its obvious there’s no clear cut direction. As several posters have already mentioned all she’s touted is ESG and a few internal shake ups. When interviewed and pressed for what are you plans for Citi, she stammers as if just by mentioning that she’s the first CEO and now initiating ESG etc….should be enough but it isn’t. You need more than that to keep the money coming in. Upon interviewed when compared to out peer banks performance, she goes back to talking about being the first CEO and going the ESG route like she doesn’t know what else to say.

The Russia investment was some excellent risk assessment. Well done citi, well done.