Thread regarding Citigroup Inc. / Citibank / Citi layoffs

For my 2025 New Year wish is for the board to pay attention and realize that the “Jane more of the same” is not working.

Now the the “first female CEO etc…” excitement is over with and has lost its shine, may the board start looking at results.
Are we better off now than we were two years ago?
In comparison to our banking peers, have we grown as much in market share or are we still behind?

Are we now still paying out more or less in regulatory fines than two years ago?

Do we have more or less newly acquired lawsuits in comparison to two years ago?

Have we learned that the McKinsey group, from where Jane came from might I add, is paying out almost 1 billion in fines to resolve a criminal probe in consulting with Purdue Pharma on how to increase sales in opi--d painkiller OxyCotin, is NOT a reliable or reputable source in which to seek advice?

Have we learned that you have to have a plan not just words? Waiting to see what other banks are doing and then trying to play catch up, is not working.

The board, please realize that there’s no shame in wiping the chalk board clean and starting over. There’s no shame in admitting a bad decision was made and give us a new leader. Someone with vision and true leadership skills. It’s time for progress, growth and stability. Something we haven’t had for 3 years now. You rolled the dice with Jane and it didn’t work out. Give someone else a chance.

https://www.thelayoff.com/t/1w3v0sGV

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| 1031 views | | 5 replies (last January 3, 2025) | Reply
Post ID: @OP+1wfqZuZB

5 replies (most recent on top)

Hire hybrid-first CEO

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Post ID: @mf+1wfqZuZB

If granted one wish for anything you desire, don’t waste it on that one!

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Post ID: @j1+1wfqZuZB

If we get a new CEO the 1st thing they will do is say we're lagging because we're not all in person. I would expect remote, and probably even hybrid, to go out the window. Is Jane great? Nah, but the grass isn't always greener.

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Post ID: @ce+1wfqZuZB

Amen to that.

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Post ID: @qat+1wfqZuZB

agreed

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Post ID: @izv+1wfqZuZB

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