Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Is Citi broken beyond repair?

One month “Citi wealth” is the main focus. The next month “Citi is selling off Citi wealth”.
Someone in the upper echelon is leaving every week it seems.

Jane is starting to cut up the Citi businesses and selling them off. Employees are being told not to pay attention to the news under the premise of ‘we know what’s good for you and the company. The layoff debacle was the worse I’ve ever seen. Mismanaged, poorly communicated, poorly executed. Just a hodge podge mix of laying of this and that. Some with reason, some not so much.

Do more with less, is catching up across all sectors. Risk is increased as deadlines are aggressive with fewer people to do the work. Mistakes are bound to happen. Work hours and stress both go through the roof.

Is this it? Is this is as good as it gets now? Is the light at the end of tunnel from the train Jane told us to get off of?

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| 941 views | | 2 replies (last June 16, 2024) | Reply
Post ID: @OP+1t1GCqWa

2 replies (most recent on top)

selling might be for the best. the company is not making progress and there is no plan.

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Post ID: @2ghj+1t1GCqWa

the morale of the employees going down with each layoff and taking on more responsibility. I don't see myself trying to survive the next few waves of layoffs until 2026. I don't see employees giving it their all anymore and I don't know what Citi going to do about the morale of the employees. You cant expect employees to remain loyal when you have them question if they are going to get thrown out in a two year window. I see Citi eventually being bought out by a major bank or sold off in piecemeal

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Post ID: @syb+1t1GCqWa

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