http://www.consumerismcommentary.com/2007/04/11/citi-will-layoff-10000-and-expects-14000-more-to-go/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.consumerismcommentary.com/2007/04/11/citi-will-layoff-10000-and-expects-14000-more-to-go/#comment-92249 dong Sat, 14 Apr 2007 23:49:10 +0000 http://www.consumerismcommentary.com/2007/04/11/citi-will-layoff-10000-and-expects-14000-more-to-go/#comment-92249 Citibank is just so big, but it seems Bank of America in the last couple years has just been better at executing strategies on the consumer product end. That said I love my citibank checking account - best bank account I've ever had. On the investment banking side, Citi just can't compete with the likes of Goldman Sachs or Morgan as they can't seem to attract the best talent. Citi's credit card offerings are very uninspiring these days. Not bad but I would think they've been losing marketshare relative to other credit card companies. I think in the long run Citibank will get it's act together. The funny thing about layoffs is that it's a problem with management that's usually the cause of the problem, but it's the workforce that suffers. Citibank is just so big, but it seems Bank of America in the last couple years has just been better at executing strategies on the consumer product end. That said I love my citibank checking account – best bank account I’ve ever had. On the investment banking side, Citi just can’t compete with the likes of Goldman Sachs or Morgan as they can’t seem to attract the best talent. Citi’s credit card offerings are very uninspiring these days. Not bad but I would think they’ve been losing marketshare relative to other credit card companies. I think in the long run Citibank will get it’s act together. The funny thing about layoffs is that it’s a problem with management that’s usually the cause of the problem, but it’s the workforce that suffers.

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