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Post ID: @9apq+1rEGCOk8 You're correct. An outsider in Risk got the axe Sept. 2023. He was only in CIti for 2 years from JPMC. He smartly timed his hire at GS to start in December 2023 after his 90 day WARN money was paid out and he was still collecting severance. So in other words, he was collecting 2 paychecks simultaneously when he started at GS, and this basically means he had the new job offer in hand by October or November. Yes, he is that good, capable and intelligent that he was able to snag a new job so fast after Citi Fvcked him over and landed at GS of all places. Citi's loss and GS' gain. ROTFLMFAO! To those Citi employees who were Not lucky enough to get the boot, you need to plan your Exit Strategy NOW and Abandon the Citi Ship Titanic. I personally have one foot out the door. LOL!
I'm in Risk "Management". Other posters have witnessed and opined the same: most of the survivors and that's probably about 80% of those who survived the Axeman this time around, in Risk Management are the ones who are the favourites, legacy within the genesis group, cronies or nepotism hires. Birds of a feather flock together. Old thinking and old worn out, dysfunctional methods remain at Citi. Employees who got the axe were mostly outsiders from real banks like GS, JPMC, etc. OR challenged the accepted convention with new ideas, methods and solutions. These are some of the reasons why Citi will NEVER Change just like Katy Perry's song, Hot and Cold. Citi is an OLD DOG THAT IS BOTH UNABLE AND UNWILLING TO LEARN NEW TRICKS. Being able and being willing are 2 different events and behaviours. These behaviours, beliefs and bad practices WILL lead to Citi's demise whether in whole or pieces by being sold off to other financial institutions, not necessarily banks.
ERM was hit in Irving today, layoffs beginning
None yet in risk that I am aware of - Monday most likely
It's too risky to comment
512 views and 0 replies? Hmmm.
Yes. The managers' lips are moving.