Thread regarding Citigroup Inc. / Citibank / Citi layoffs

So freaking tired of the abuse of buzz words. It happens….every…….freaking…..time…
I mean over over overkill.

“Lean” was the flavor of the day and you see how that turned out. 22 million dollars in that consultant fee all for naught.

Ansible started to be used by other companies and before you know it, its a contest at Citi to use the word “ansible” or “playbook” as many times as you can in a sentence. Almost as if managers were goaled on wedging that word anywhere they could. Now upon the mention of it, you can almost hear the eye roll.

“Automation” was the next buzzword that was used left and right. It doesn’t matter what it means, just keep using that word.

Now its “AI” and once again all the while not knowing how to get there.

For AI to be effective your core data has to be right, clean, and pristine. Well, I’ll stop there. Not to worry, I know the answer to all of our problems. “don’t like it, get off of the train”. Yeah, I hear you loud and clear.

Management is the only blame for the exodus. They are cold and callous, they don’t provide the proper guidance, and make sure to keep you in your place. There’s no incentives for anyone to stay.

You come into Citi treated like property. There’s no welcome meeting, there’s no “here’s your Citi tshirt and Citi mouse. Welcome to the family.” as small as it may be there’s no such thing. Instead you get: “see if you can login. You can, good. Here, your partnered with this guy, do what he says.” and that’s it. All of that is fine and good, it sets the stage going forward. So you fast forward and people start leaving, and Citi managers act all baffled as to why there is no company loyalty.

I mean you gotta be kidding, right? Citi mgmt has worked really really hard to make SURE that YOU know that YOU are a commodity to be traded or discarded as the business sees fit. Given such, is it really a great mystery as to why there is no company loyalty. Give me a break.

AI just like cybersecurity is a term that most people don't understand but want to jump on the bandwaggon because they hear that's the future and cool thing. I doubt there is even that much talent that understands AI but I'm pretty sure firms everywhere will hire (then layoff) thousands of people to perform something management has no idea about.

2025 is the Employees' year! Get Out of the CitiGhetto H3llH0le Circus Banana Republic !

This normal attrition is probably part of Citi's plan to get to its target 180,000 employee count. But as other posters have posted, the problem with encouraging normal attrition is that the Low Caliber employees who can Not do better than Citi end up staying in Citi's Potemkin Village of Id!ots who are part of the problems of why Citi is in the Sh!tH0le its in with the Regulators, Consent Orders, MRIAs, FUBAR Data "management", etc.. The employees who have in-demand skills and knowledge are the first to bolt out the Fvcken Citidoor.
Regardless, in late 2024 into 2025, Get Out of the CitiGhetto H3llH0le Circus Banana Republic and watch Rome burn down as its constantly engulfed in the flames of additional monetary fines, Consent Orders, MRIAs, additional violations, MRAs, etc.. ROTFLMFAO! It took years if not decades for Rome to decline and be nonexistent, but every pull on its tapestry contributes to its dem!se.

Stocks tumble as wall street gets a wake up call that AI ROI is far less than touted. Companies are realizing the cost associated with implementing AI and oversold the forecasted returns.

https://us.yahoo.com/finance/news/asian-stocks-pressured-big-tech-231806039.html

Citi can't even manage it processes and data flows with Excel. The mapping and architecture is patchwork and chaotic. The talk about AI is just that, talk. Not only does Citi not have the resources and knowhow, it would be a complete global risk to use Ai for a lot of financial services. We get fined periodically for fat fingering things manually. How messed up would things be if Ai was running them?

Wells Fargo? LOL! They will lay you off as soon as they hire you. I worked there. Take a look at their layoff website and see how miserable everyone is there and how frequent layoffs happen over there.

we will all become farmers Soon

Both embarrassing and exhausting to work here.