Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Enough with the "fresh takes"

A different take is we have had a steady stream of "fresh takes" for the last 20+ years I've been here. Every fresh take has been the same. Instead of investing in the core infrastructure we would do a "quick fix". When I started it was we were asking too much of tech; figure it out yourself. That got us EUCs. Then instead of going to new platforms we would just do new interfaces and duct tape them to systems with APIs, that got us ancient systems that are constantly breaking, then big data would transform everything, but bad data in, bad data out. The new one is AI is going to save us all while pumping out fundamentally incorrect cr-p. We dont need new people. We need competent people that stick around long enough to face the consequences of constantly cutting corners for short term gains.

Bumping from @fx+1jsy738xr for being on point.

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| 971 views | | 1 reply (May 15, 2025) | Reply
Post ID: @OP+1jv2sz394

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Senior leadership is only incentivized by share price at the top and scorecards the next level down. Only quick fixes can move the numbers they care about. Long term, considered and resilient overhauls aren't an option because whoever proposes it won't be here long enough to see it through.

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Post ID: @ns+1jv2sz394

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