Since consulting companies already have huge presence in the firm especially in technology, would these jobs going to be moved to them and employees transferred? It did happen before and happening at other companies
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Citi technology department is staffed with outdated senior management leadership that has been with the firm 20 years, some even 30 years. These corrupt leader operate like mafia.
Citi needs to get rid of this rotten leaders and bring a new generation of leaders.
Lol cut your risk management teams and the offshore your tech such that you need to significantly boost risk management needs as prescribed by regulators. How could this possibly go wrong?
Heard the same from my friends in alumni meetup. Most technology teams will be moved offshore for companies. Business runs here. All other companies are also preparing for similar layoff in 2024
@med+1oT0yclj
How TF is citi making making calls on any sector when they are losing BILLIONS each year. These id--ts cant even keep their own company alfoat LOL
The reality is Citigroup is outdated in technology. The Latest buzz words are floating around but no employee is equipped with latest skills. Citi runs on Consultants & Id--ts
Could be possible. Here is the news from Citi:
https://seekingalpha.com/news/4017116-citi-highlights-info-tech-as-an-overweight-sector-heading-into-q4