That seems to be the way of thinking of this leadership.
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Even HR got hit with layoffs, although Not enough.
At Citi, HR is incompetent, dysfunctional and useless.
They should be the first test case department on which to use AI and ML-Machine Learning.
Morale is bottom of the barrel Low at Citi. It's soooo Low, it's in H3LL.
When employees have Low Morale, are demoralized and depressed, they do the bare minimum work.
This will keep Citi at the bottom of the bank rankings where Citi deservedly belongs! LOL!
Citi is even lower than Wells Fargo Bank. When Citi can't even beat the Quasimodo of banking in the beauty contest, you know Citi is the Ugliest Dog Potemkin Village Bank!
@b1 If you think you won't be affected, wait and see. Unless maybe you work in HR?
This happens at Citi:
https://www.yahoo.com/lifestyle/articles/hr-extorts-workforce-donate-ceos-200000487.html?action=scout&guccounter=1
@c6 agree…we didnt see this during corbat tenure…granted, there were fin mistakes and regulatory issues but he didnt have Trump to help him like she does
This is literally Citi and how the employees feel.
Put this in the VOE's blank open text boxes:
https://www.yahoo.com/lifestyle/articles/23-memes-employees-showing-giving-230000983.html?action=scout
That would be 99.99% of the employee population.
Only 2200 Svckers will remain at Citi.
Citi would become a Potemkin Village. Ooops! It already is since 20 + years ago!
@b1 must be nice to not have felt the heat the last three months during the three rounds of layoffs. I had to say good buy to over 10 of my team members the last 3 months. A little bit of an insensitive statement.
Correction: cuts will continue until Jane gets tired of laughing about them.
Morale in my group is great. I’m sorry it’s not where you are. Maybe find a new job outside of Citi if you’re so miserable?
The sad part is, it’s not even close to being over. If you’ve been involved in the KYC Modernization Projects—the friendly name employees hear, while internally it’s tied to “Bora Bora”—you’d see that there are phases planned out through 2029/2030.
What gets me is the HR messaging: “We’re modernizing and adding AI to make your job easier, not to eliminate jobs.” Then a few months later, people start getting notices.
Also, just a heads-up: because these projects have “KYC” in the title, a lot of people assume this only affects the KYC department. It doesn’t. The modernization and restructuring can impact teams and roles across multiple departments.