You have to have a proven track record of leadership failure in order for the board to “do something about it”. Well, I believe we are on the cusp of that now. The pending layoffs are Janes last hail Mary attempt to try and reverse the damage.
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That’s not how it’s normally done.
@1cge+1pysCabb How would this work? A group call?
Cuts will be today on a call at noon Nov 13th and tomorrow on a call 11/14 at 11:00. If you have an invite your job will be impacted.
Stop play mindgames with employees and provide clear timeline for upcoming firings. The board/ stockholders should demand transparency to minimize further damage to stock price and Citi’s reputation.
Example:
Nov 2023 MD, directors, senior managers level cuts
Dec 2023 SVP level cuts
Jan 2024 VP and AVP level cuts
Mar 2024 other cuts