So Citi wants to run off the older generation but the younger generation (mine) has no desire to work in a culture like this. The younger generation’s personal time off is not something they are willing to sacrifice for the good of Citi’s profits. So who’s going to work here? The older folks are willing to work like that but not the younger people. So now what? If you’re hoping that AI will run rampant, its not there yet. More like years away. So…..who? Sure you’ll find some people who may hire on but they won’t put in the hours that Citi is keen on demanding.
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It is so funny you are ok to have a 79 year old president and not a co-worker?
I have no idea about young or old but I do know that there is a paradigm shift from the way things used to be. Over the past two weeks, I’ve been on a dozen different calls with a dozen different groups at least. Anytime someone mentions a deadline the response from someone else is “I don’t care” or “if its important then we’d have the resources to reflect that it is”. I’ve heard many times now the phrases of “logging off now, going forward I only work 8 hours”.
There is a divide, yes. That is what I told my previous boss, a really nice person, MD. He built his career during the good times, a VP comp was enough to raise a family of 4, nice lifestyle. Also prospects were good - senior people used to retire early back in the days, so you could look forward to an MD promotion around the 10-12th year mark of your career. Now it is ridiculous - in NY and LDN everything below D level pays peanuts. Of course young people will not have the same motivation when they know they will be paying off a 30 year mortgage like everyone else outside finance. Sc--w AI...
@bc
Yes, I remember that. It was that year too that we were all told that end of year comps would be nil. Of course we all knew it was to pay for this mistake. You know much like the AI promises that failed and we now have to pay for those.
What you described contributed to the Flexcube Fvck Up that accidentally sent US$ Billion to Revlon's creditors in the year 2020, which in turn cause Sh!ttybank to get additional Consent Orders, monetary fines and violations.
Some M0ron who doesn't understand the USA nuances and banking industry including Not speaking, reading and writing English in Sh!ttybank's favourite country/demographic did a cursory glance of the Flexcube webpages/forms and gave the thumbs up approval to wire both the Principal balance and Interest US$1 Billion Free Gift Money to Revlon's creditors.
I wish Sh!ttybank would do that to my direct deposit Salary ! ROTFLMFAO !
The last I heard, read about is that a U.S. District Judge (Jesse Furman ?) only approved 50% of that be returned to Sh!ttybank. And so, Revlon's creditors got US$500 Million for FREE. LOL!
And Good luck with all the people they are outsourcing our jobs to who can’t speak proper English, do not understand our customs/nuance, have no sense of urgency, and no real understanding of our financial system
As one of the "older" workers, kiss my ar-e. I've got 6 weeks PTO after 30 years and take every drop of it. Your time off is earned around here, its not a participation trophy your generation grew up on.
So you are the watchdog, monitoring all posts for adherence to your preferences? How much does that pay? Sounds super tiring...
Thanks for sharing your personal thoughts while sipping on a mug of coffee and bourbon this morning. Have anything to share about layoffs at Citi?