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I can see that
I’m telling you guys, she’s got a book in the works.
Chapter 1: How I became Citi’s first female CEO.
Chapter 2: How I saved the world with ESG.
Chapter 3: How I solidified my empire by revamping the UK office.
4,000 tech workers, what a waste. Most would be overseas too. Jane covering her behind.
They are pushing to automate most processes as much as possible. This should have been done years ago. Now they are trying to hire when nobody is available? Probably just a headline to allow the CEO keep her job a little longer.
Citi to Hire 3,000 Staff for Institutional Business in Asia—
Good choice. It’s not like China isn’t constantly looking for creative ways to circumvent US sanctions against Iran or Russia. Excellent choice Citi. Some true out of the box thinking.
Better yet, China threatening to cross the line of a Taiwanese take over for which the US has already responded with a firm warning. What a recipe for disaster.
Most of those will be hired in China. The investment in Russia worked out so well, so now we are throwing resources into China. You know, Russia’s friend. I mean, what could go wrong.
Good luck with that. First, the bulk of the new hires are looking for work from home positions. Many apply and inquire about this, if told hybrid, they are withdrawing their resume submissions. Others are looking for a true hybrid work. Not come in a few days per week but the option to either come in on occasion if they want or never if they want and not a locked in gotta come in a few days per week.
Second, Citi is behind on the salary curve, clearly.
Third, Citi does not offer stock options as a norm for all employees. Yes, if you belong to the upper echelon, you get stock but if you don’t sit upon a throne you don’t get any.
Fourth, about 1/3 the tech people I see come in look at the way things are and either go back to their old job OR quit in a few months for another.