Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Citigroup to lay off 45.000

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
donsu Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:43 AM
Original message
Citigroup to lay off 45.000

http://www.cnbc.com/id/21974307


Citigroup, Wall Streets largest financial services firms, is planning its second round of large-scale layoffs in less than a year, CNBC has learned.

People inside Citigroup Citigroup say the firm hasnt set a target number of cuts from its roughly 320,000 employees. But people with knowledge of the matter have described the pending job reductions as "massive" and "large." The total number could reach as high as 45,000, these people estimate.
-snip-
---------------------------------


have a prosperous and happy new year
Printer Friendly | Permalink |  | Top
enid602 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:46 AM
Response to Original message
1. Christmas
It's starting to look a lot like Christmas. . . here in Bushworld.
Printer Friendly | Permalink |  | Top
 
lapfog_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 12:01 PM
Response to Reply #1
8. Christmas in Bushworld is looking a whole lot like
Christmas in Pottersville.

Printer Friendly | Permalink |  | Top
 
HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:47 AM
Response to Original message
2. Such resiliency in the market/economy in the face of the sub-prime shakeout.
The MSM meme is so spot on. Yeah, uh huh. :puke:
Printer Friendly | Permalink |  | Top
 
Ilsa Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:47 AM
Response to Original message
3. I thought the Arab investment in Citicorp was supposed to prevent
job losses. At least, that was the impression given by the financial gurus on Joe Scarborough. They said foreign investment in US companies pays off by saving the companies and that it would help create jobs. Then again, why should we believe what Morning Joe says?
Printer Friendly | Permalink |  | Top
 
aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:56 AM
Response to Reply #3
5. Nah. Probably couldn't get the money without the job cuts.
Nobody ever asks the CEO to take ten million less and save the jobs.
Printer Friendly | Permalink |  | Top
 
spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:48 AM
Response to Original message
4. haven't heard a peep in msm on this.....45,000...wow, that's not news?
Printer Friendly | Permalink |  | Top
 
alcibiades_mystery Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:59 AM
Response to Reply #4
6. it was all over the news 3 days ago
when the story came out.
Printer Friendly | Permalink |  | Top
 
MetaTrope Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 11:59 AM
Response to Original message
7. Citigroup is certainly international, so I wonder if the layoffs will be concentrated anywhere?
Printer Friendly | Permalink |  | Top
 
Bitwit1234 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-28-07 12:35 PM
Response to Original message
9. I was thinking about this seriously
Could the reason the financial institutions are leaving in droves is because they are afraid they will be caught in a scandel because they are cooking the books and worst.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Sat Apr 19th 2014, 01:26 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC