Something we just accept as a regular thing to deal with on daily basis? It wasn't always like this. We used to have job security. I miss those days.
14 replies (most recent on top)
Layoffs are new normal as part of the life, focus on savings and inner peace.
@sz $hitibank is only now trying, yet failing to fix a 35 year old CitiQuilt stitched and patched together by the Sociopath AS$H0LE Former CEO Sandy Weill.
It's too little, too late. $hitibank is a lost cause. The only plan left for $hitibank is RRP......Bankruptcy and wind down.
Rome was Not built in one day, and Rome was Not destroyed in one day! ROTFLMFAO!
@e8 credited a customer account with $81 trillion.
How bad this system has to be to duck up this bad. Just add more checkpoints for anything over 1 million for now and ReDesign it from scratch dont try to fix existing system.
@fm you must go through life perpetually disappointed. SAD!
@eh William Faulkner's famous quote, "The past is never dead. It's not even past," emphasizes the enduring influence of history on the present. It suggests that the past is not a discrete, completed event, but rather a force that continues to shape our lives, our identities, and our world.
When NOT If $hitibank goes Bankrupt, sold in whole or pieces by the Fed and OCC, there goes your Retirement money and pension up in smoke. 🔥🌬LMFAO!
@e0 Once "we're" Out of the Consent Order ???
$hitibank has Never Not heen under Consent Orders, plural.
As for AI, several posters/employees on this Site alone not counting other sites explicated that $hitibank is decades behind GS and JPMC.
And $hitibank thinks or hopes that AI is the magic Genie Messiah savior for all of $hitibank's Fvckups and problems.
$hitibank can Not even eliminate Fat finger Fvckups every few months like recently accidentally wiring US$18 Trillion when it should have been only $280. In $hitibank "Math" $18 Trillion =$280. LMFAO! Just Google all of this.
Employees sure Fvcken wish $hitibank would do that with their Direct Deposit salaries!
And then of course there was the Revlon wire Fvckup in August 2020 of almost US$1 Billion!
Largely since Corbat left - whole environment changed became more oppressive less celebratory and fuelled by wokeism
@dq more like 180K. We’re at 230 and will lose 20K when Banamex is gone (still 10K short of Bora Bora). Once we’re out of consent order and AI ramps up we’ll be dropping like flies.
Well not me I’ll be retired.
At our peak, around 20 years ago, Citi had 350k employees. We've shed about 35% of that total since. This is nothing new. There just wasn't internet forums dedicated to the topic back then. We'll be under 200k employees by 2030; guaranteed...
You can bring it up and no one wants to talk about it. Managers make it seem like it's not a big deal or pretend they do not hear you. No one's crazy. It's not a good scene right now and the very managers who brush it off could be gone tomorrow with little notice.
It’s a quick solution to improve the bottom line when you are an incompetent CEO.
Nah this is corporate America.
Nothing new.
Going on 2 years now since the announcement of bora bora. I do not think it will ever end.
For me? late 90’s. Started with offshoring of most accounting function to India in my Fortune 100 company.