Thread regarding Citigroup Inc. / Citibank / Citi layoffs

It reminds me of South Park underwear gnomes episode.

Youtube that episode and compare.
Step 1: Steal underwear
Step 3: Make money.
What’s step 2? No one knows.

Gotta sell the layoffs to the board in January as a true win. A hail Mary attempt to keep the board from voting her out. I do have my doubts about the board though. Why did it take them AND her both so long to realize that the plummeting stock price was a problem. I wonder what that thought process was. “Just keep doing more of the same, maybe it’ll work”. Repeat this every year until we are where we are at now.

Its almost as if no one outside of Citi cared about Jane’s drive to cultivate the company to match her politics. The ‘woke’ crowd did not break down the doors to Citi to give us their money or business no matter how hardcore we were on diversity. Somehow all that failed to generate both revenue and in increase in the stock price.

As its been said by others, you have to have something else. You have to either offer something unique that your competitor does not have or you have to offer something better than what your competitor does.

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| 1363 views | | 3 replies (last November 15, 2023) | Reply
Post ID: @OP+1pBKDK8d

3 replies (most recent on top)

"Its almost as if no one outside of Citi cared about Jane’s drive to cultivate the company to match her politics. The ‘woke’ crowd did not break down the doors to Citi to give us their money or business no matter how hardcore we were on diversity. Somehow all that failed to generate both revenue and in increase in the stock price. "

Perhaps another instance of "go woke go broke"?

DEI destroyed the professional environment at Citi. I get multiple emails weekly about joining affinity groups, participating with time waster lunch hour games, "bringing my HOLE self to work", or add some stupid virtual signalling pronoun in my email sig than I get about professional development opportunities in an entire month.

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Post ID: @hxs+1pBKDK8d

This topic is so boring. What will be will be, cog.

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Post ID: @drh+1pBKDK8d

Jane must go mmmm kay!

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Post ID: @ema+1pBKDK8d

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