Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Plan for growth

I would even consider staying here if I noticed that Citi has some concrete and realistic plan for growth. However, I do not see that leadership has any well-thought-out plan. Please correct me if I am wrong. It used to be a lot different, but today there aren't many who can say they are proud to work for Citi.

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Post ID: @OP+1gPIgi56

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From another post: ESG is a chapter in the CEO’s upcoming book. There’s a huge push to make it be successful and believe you me one way or another it will be a success even if its just on paper. It has to be so that its a solid foundation for her Chapter 2.
On the risk controls in order to keep from making mistake by the billions, well that cost money and people. It’s better to work with a skeleton crew all the way around, work them until exhaustion and then come down on them when they make risk control errors that….cost billions. Not to mention that what money we do have goes to fines for well, broken risk controls. As the original poster said….Q the Benny Hill music. But hey…..Chapter 2 is on the way and looking good.

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Post ID: @2vvd+1gPIgi56

From another post: How can Citi strive to be the leader in wealth management when we keep making mistakes on the scale of billions. The Revlon debacle and now the Europe flash crash.
Naturally this will be followed up with some new initiative on risk controls by management. Something to the affect of “ok, they pushed the red button that caused this so no more red buttons. From now on, make all buttons blue.” Pat themselves on the back for a job well done and give themselves a raise for “problem solved”. Then move on schedule everyone for an extra meeting per day to discuss why there are too many meetings. All to wonder later on why employees have no faith in the direction of management. Now here we are…upper mgmt has been looking for some catalyst to help them drive people away rather than a layoff. A layoff there’s a severance pay so the goal is to make things as unpleasant as possible so that people leave on their on so there’s a vacancy to be filled with more “desirable” candidates meeting a specific criteria that has nothing to do with the actual job function. No direction, no vision, nothing to offer in comparison with the competition, just a mix knee jerk reactions with Benny Hill music playing in the back ground. As the future unfolds, it will die a slow death into a dead bank.

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Post ID: @2zze+1gPIgi56

There is no vision or plan for growth. The main concern by upper management is empire building under themselves and then rest and vest in hopes that the stock price will one day reach the pre-bail out heights.

First its embarrassing that Citi took the most money from the government compared to all the other banks, and still had to solicit $ from overseas to stay afloat. Placing that aside and moving on in hopes that things will get better…

Second, it would not be so bad if they’d not cause such costly mistakes. Last year giving away 900 million to the wrong company, this year a huge flash crash caused by a mistake.

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Post ID: @2kcy+1gPIgi56

Jane’s plan is to keep making it publicly known that we are ESG strong. Once the market realizes that, the money will start rolling in. It’s true, once people realize that you’re on board with ESG, they just give you money for it. Once all that takes hold, look out. Stock price and dividend payouts to the moon!!!!

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Post ID: @1uqx+1gPIgi56

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