Citi stock is on bad path again. Lots of managers, directors looking to jump the ship.
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Gen AI has been a bust so far, but if any AI becomes useful they should use it to replace managers. AI managers would save costs and be more effective than current managers not doing any work.
Citi is going to collapse.
Clearly someone does not follow the market. The Fed is going to begin cutting rates next month, which will boost all the big bank stocks. Newsflash: Citi is a big bank. Citi stock will do just fine.
As mentioned….a layoff, no matter the company, usually causes the stock to bump up.
The question is, can it be sustained?
You have to have something more than the layoff. You have to have a plan.
You need to either:
a.) provide something your competitor does NOT have.
and\or
b.) provide something BETTER than what your competitor does.
Economics 101.
If you don’t have a plan to accomplish the above, then its doubtful the stock price will go up. It’ll slowly, over time, go back down to what it was.
It’s ok though, Jane still got her big bucks to the tune of tens of millions in pay and stock for a job well done. So long as she has a protective hedge around her to where she’s not affected, then all is well with the world.
Yup.