Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Culture is Broken in Citi. What is Culture ?

There is always a word inside Citi. The Culture is broken and Citi is going to follow New Way.

What is Culture ? Culture is something a team /org as a whole behaves. Whether it is marching forward or pulling the whole company down. Jane brought outsiders to mingle with the teams. But they are the scape goats. So, When you plan to layoff are you going to get down one or two trees or burn down the forest ? . In the first approach, you are going to layoff the scape goats , in the second approach its going to be closing projects /business and downward spiral.

The root of the problem is hiding somewhere else. Yes its the management.

  1. Missing of Timely and Accurate Budgeting :
    Every team is giving just a ballpark of machine and resource counts. Not the real value.
  2. Stick to Traditions. No Risk appetite:
    The Company and old leaders are fearing to take Risks or new challenges. When is the last time your team tried something new in market, something better and make Organization job easy.
  3. No Transparency btw teams
  4. Useless HR: Just keep on hiring or firing per management request. No proper standards for hiring, useless onboarding and still rules are maintained in "a Book" to follow. True, the entire company's employees rule are maintained in one Book.
  5. Monkey Managers from Consultancy/Vendor backgrounds:
    Just hired from Consultancy or Vendors, these useless don't know how to properly organize projects. Their Job is attending useless meetings and throwing bread crumbs to vendor company's.

No employee is satisfied with work.
No employee is satisfied with salary.
No employee is satisfied with perks.
No employee is satisfied with medical benefits.
No employee is satisfied with the technology.
No employee is satisfied with management.
This is the current Culture.

Let's see how you fix it.
Jane, my new year challenge for you. All the Best.

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| 2121 views | | 9 replies (last January 5, 2024) | Reply
Post ID: @OP+1qmVKnKK

9 replies (most recent on top)

Post ID: @4yoc+1qmVKnKK I thought it was Muz…..mil Ja…..ar

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Post ID: @4prh+1qmVKnKK

“..discourage going behind the back and misrepresenting information, stop character sabotaging and gas lighting.”

Ah you’ve met Ajit then!

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Post ID: @4yoc+1qmVKnKK

I'm over it all. It doesn't seem like the company wants to listen to the employees it hired to help things run more efficiently. Seems like some continue to make things more and more broken and dysfunctional on a daily/weekly basis. I'm just going to do my work and lower my expectations of others. I'm done stressing over incompetence. Lol.

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Post ID: @3kck+1qmVKnKK

Completely Rogue HR
Creates his own rules
A bad influence on his group
Go back to west coast

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Post ID: @1eeo+1qmVKnKK

The OP is 100% right on target dropping some hard truths.

To @1vov+1qmVKnKK, agreed on the consultants comments. Just like when they paid McKinsey group tons of money to have us start using the lean model. The McKinsey group, the same group that worked side by side with the cigarette companies, and also advised big pharma on how to fast track dr-gs for infants in addition to fast tracking opiods. There’s a moral compass for you.

So we pay wheel barrels of cash for consultants, it’ll never be admitted that the hiring of consultants for this and that is wrong as its too embarassing. I mean who’s going to step up and say “yes, I was the manager who decided to pay 20 million to these consultants for this bogus advice.”

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Post ID: @1kwt+1qmVKnKK

The real problem started when Citi tried to save money using Consultants rather than employees. Its a long lasting story. Citi managers focused on saving pennies with Consultants rather than real hardworking employees. Now who ever stays are consultants turned managers.
GIGO: Garbage In Garbage Out. These managers do what they learnt from their consultancies/vendor companies. They don't know anything beyond that.

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Post ID: @1vov+1qmVKnKK

This is where Citi went awry. Money over Culture. How did that work out?

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Post ID: @ynd+1qmVKnKK

100% agree.

  1. Respect each other should be mandatory.
  2. Develop inclusive culture. Break down gangs, discourage going behind the back and misrepresenting information, stop character sabotaging and gas lighting.
  3. Take accountability to fix culture problems as a leader at all levels.
  4. Totally agree about open door policy and breaking down bureaucracy.
  5. Stop taking credit for other peoples sweat and hard work. Stop encroaching into other peoples lane.
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Post ID: @scd+1qmVKnKK

Culture change is not JF alone can take care, every employee should change their mindset :
Start with simple steps: 1. Respect each other 2. Behave like real professional 3. Give opportunity for others to talk

  1. If you are a lead u don’t have to be so hierarchical , encourage open door policy so that anyone can approach you to raise concerns
  2. Monthly Townhalls are not really required, if you are a group lead , just walk to your staff , greet them and have informal 1/2 mins conversations. You don’t have to lock yourself in a meeting room just because you are group leader. Connecting with your staff is very important.
  3. My personal experience- I see some leads don’t even care to greet which is a minimum courtesy
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Post ID: @fej+1qmVKnKK

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