#3064363 - 12/05/12 08:47 AM
Citigroup to cut 11,000 jobs.........
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Backwudz
8 Point
Registered: 11/28/11
Posts: 1347
Loc: Jefferson County, Tn
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Just heard on "Imus in the morning" that Citigroup is to cut 11,000 jobs. I bet they backed Obummer too and if so, then I'm all for the cuts!
_________________________
If some people could read my mind, I'd get punched in the face a lot!
Women have cleaner minds than men, they change theirs all the time!
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#3064398 - 12/05/12 09:09 AM
Re: Citigroup to cut 11,000 jobs.........
[Re: Backwudz]
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Wildcat
Non-Typical
Registered: 06/10/00
Posts: 39108
Loc: Western Ky.
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Not to worry. Obama WILL increase the taxes on the workers to pay for those without a job and pass new 99 weeks more of unemployment checks. Of course they are FREE as long as there are some TAXPAYERS paying for it.
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A Government that does not trust its law abiding citizens to keep and bear arms, is itself unworthy of trust..... - James Madison
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#3064675 - 12/05/12 12:36 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: Wildcat]
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ChippewaPartners
10 Point
Registered: 08/25/01
Posts: 2910
Loc: Pamelot, my farm near Catoosa
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That is Obama's idea of an improving economy, ONLY 11,000 fired.
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#3064683 - 12/05/12 12:44 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: ChippewaPartners]
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Bottom Hunter
16 Point
Registered: 12/29/06
Posts: 15499
Loc: Hatchie Bottoms
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did they say why they were letting them go?
insurance cost???
_________________________
There are some people who always seem angry and continuously look for conflict.
Walk away; the battle they are fighting is not with you, but with themselves.
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#3064702 - 12/05/12 12:56 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: Backwudz]
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randy
4 Point
Registered: 11/28/11
Posts: 460
Loc: gibson
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Just heard on "Imus in the morning" that Citigroup is to cut 11,000 jobs. I bet they backed Obummer too and if so, then I'm all for the cuts!
_________________________
Skin that one, pilgrim, and I'll get you another!
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#3064710 - 12/05/12 01:05 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: Bottom Hunter]
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Chaneylake
Brownsville Mafia
16 Point
Registered: 12/18/07
Posts: 15303
Loc: on the wings of a snow white d...
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did they say why they were letting them go?
insurance cost???
according to news reports, they are thinning the flocks so that the remaining will be more productive
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"Don't piss down my back and tell me its rain", Fletcher, Outlaw Josey Wales
Living somewhere between this world and the other, Legends of the Fall
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#3064745 - 12/05/12 01:30 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: Chaneylake]
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Eric Kilby
8 Point
Registered: 04/06/06
Posts: 1644
Loc: Tellico Plains
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Citi said that it will sell or scale back consumer operations in Pakistan, Paraguay, Romania, Turkey and Uruguay and focus on 150 cities around the world "that have the highest growth potential in consumer banking."
The bank, the third-largest in the country by assets, did not say how many jobs it will cut in the United States.
About 1,900 job cuts will come from the institutional clients group, which includes the investment bank. The company will also cut jobs in technology and operations by using more automation and moving jobs to "lower-cost locations."
Citi fared worse than others. It nearly collapsed, had to take two taxpayer-funded bailout loans, and became the poster child for banks that had grown too big and disorderly.
Glenn Schorr, an analyst for the financial services company Nomura, said that the cuts announced Wednesday might be considered too light by analysts and investors
_________________________
Right here in the forest i will find true happiness, the happiness that will not be contaminated by the mind of man.
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#3064751 - 12/05/12 01:36 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: Eric Kilby]
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REM7
8 Point
Registered: 08/19/08
Posts: 2393
Loc: GRUNDY COUNTY
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and the SPIRAL continues
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#3064802 - 12/05/12 01:58 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: REM7]
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The Hammer
Spike
Registered: 11/27/12
Posts: 85
Loc: Bartlett Tn
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Many more to come.
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#3065478 - 12/05/12 09:35 PM
Re: Citigroup to cut 11,000 jobs.........
[Re: Bottom Hunter]
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Backwudz
8 Point
Registered: 11/28/11
Posts: 1347
Loc: Jefferson County, Tn
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did they say why they were letting them go?
insurance cost???
_________________________
If some people could read my mind, I'd get punched in the face a lot!
Women have cleaner minds than men, they change theirs all the time!
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