Thread regarding Citigroup Inc. / Citibank / Citi layoffs

@OP Sometime back a few senior executives hit during Bora Bora phase wrote an anonymous letter to board about this coterie of CEO, CFO and COO. It seems CEO removed any future competition

@d9Citi’s “teller‑to‑Managing‑Director” narrative persists as a kind of institutional mythology, but it collapses under even modest scrutiny. While rhetorically powerful, these anecdotes represent statistical outliers from a bygone era rather than a viable contemporary career pathway. In today’s organizational structure—defined by MBA‑centric leadership pipelines (which are dubious as MBAs lack credibility sans GMAT), external executive recruitment, and ongoing restructuring—the notion of broad upward mobility from frontline roles functions more as symbolic storytelling than an accurate reflection of internal labor dynamics. By elevating a rare historical exception as evidence of systemic opportunity, Citi inadvertently underscores the widening gap between its aspirational messaging and the lived experience of its workforce.

@k5 Report data lead back in 21-22 used to be that fat tu-d Richard G based out of London. Thoroughly useless other than for the gift of the gab. What's even more laughable is that he was appointed the Banking and International data lead...he didn't know jacksh1t about data in 2021-22 days and couldn't deliver for Mark....suddenly he becomes a data expert in 2024 to be appointed the data lead for the Banking and International org? This is why Citi keeps failing...they keep reinventing losers in new avtaars. When the OCC came in to Finance to conduct spot checks because of Mark's second or third request to extend the report automation should have been grounds for Mark to fire Richard's incompetent fat @ss right there and then. Why Mark didn't do it is beyond my comprehension. Richard G was the one who sold castles in the sky about Axiom automation to Mark and now pontificates about data from Ash Nawani's team - as clueless as ever

@OP
ccar reporting can never be automated, let's not be delusional . it requires fixing the data and building new applications which means huge, huge investments. In my experience, Citi doesn't have professional resources to accomplish this either. citi is just a sad reminder that India doesn't have talent and skills required for complex projects

@d9
i think we have noticed this for quite some time
our merit based society is dead

At Citi, leadership roles seem to be distributed based on who you know rather than what you’ve accomplished. Many of these promotions aren't earned through merit or hitting targets, but are instead given to those within the 'friends and family' circle, creating a clear gap between actual achievement and career advancement

This is well known, but thanks for sharing..

Mason leaving?