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Citigroup to cut 11.000 jobs. Just breaking. Recovery is great

 
Russian guy
User ID: 24071670
Bulgaria
12/05/2012 10:25 AM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
No matter how much money those banks got from Obama admin, they just keep cutting jobs. Then the boomerang loop affects everyone - in USA and abroad. Good job before the doomsday date! Let it come sooner and harsher then!
elway69

User ID: 27460051
Germany
12/05/2012 10:26 AM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Ya, they are running out of ways to fuck people out of their money so in order to maintain the extravagant life styles that the top 2% have, you need to get rid of the low level minions....

Scum of the earth...
 Quoting: Question EVERYTHING


Spot on,Amen to that.

Scum of the Earth.
Live and let live.
~MKultra~

User ID: 17750208
Canada
12/05/2012 10:38 AM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
so what they fired some people as is their right as a company, has nothing to do with the country..wow you people are stupid. company's fire people to cut costs and bring in more profit this is nothing new
nutmeg

User ID: 27310787
United States
12/05/2012 10:40 AM

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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Remember in the good old days when companies would wait until Christmas was over before handing out pink slips?

violin
 Quoting: samanthasunflower


I was thinking the same. There are always so many announcements lately before Christmas. Is there a reason for it?

Last Edited by nutmeg on 12/05/2012 10:40 AM
Philligan
in rainbows

User ID: 2530194
United States
12/05/2012 11:23 AM

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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Apple getting crushed again today
everything in its right place
Anonymous Coward
User ID: 24637305
United States
12/05/2012 11:40 AM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Is this when O says that the economy is Roaring back?
 Quoting: Anonymous Coward 24046300




Really? Why are you all on GLP still blaming Obama?

With all your Planet X, 2012 End of the WOrld, Reptillian Overlords, Elenin doom crap, you guys are missing the one conspiracy that actually is REAL.

You know, about the Elite circles who have wealthy and influence far beyond just.....wealth and influence.

The same people who put Bush in , are the same people who put Obama in. They don't care about America. They are international, and they are in the business of making MONEY.




It is so silly, you guys focus all your attention and hate on the PUPPET, just like they want you to.
 Quoting: Anonymous Coward 801546


Shut up please
Anonymous Coward
User ID: 801546
United States
12/05/2012 11:40 AM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
so what they fired some people as is their right as a company, has nothing to do with the country..wow you people are stupid. company's fire people to cut costs and bring in more profit this is nothing new
 Quoting: ~MKultra~




You are 100% right. What others are mainly talking about in this thread though, which isn't really mentioned, is how FREQUENTLY we are seeing HUNDREDS and THOUSANDS of large corporations cutting jobs by the thousands.


The corporations really aren't to blame. They are merely a reflection of the economy we have instilled in the US. It is BOUND to implode eventually.


I don't blame the president. Nor do I blame the corporations. Of course, when the boat sinks, a great majority of the people on it are running around pointing fingers, trying to put the blame on someone, ANYONE, to feel better about themselves.

The smartest of us are worried about pointing a finger, because we saw this happening decades ago, and have preparing for it since.
Renegade (Me too)

User ID: 28510817
United States
12/05/2012 11:41 AM

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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Apple getting crushed again today
 Quoting: Philligan


So is silver! 32.63
Who is John Galt?
FatalW1shes

User ID: 1357677
United States
12/05/2012 11:41 AM

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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Well at least unemployment will go down.

With all these people losing their jobs, then they won't be represented anywhere.

Or at least I think this is how this administration thinks....

Less people working means lower unemployment.


ohappy

Last Edited by FatalW1shes on 12/05/2012 11:41 AM
Anonymous Coward
User ID: 29138013
United Kingdom
12/05/2012 11:46 AM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Remember in the good old days when companies would wait until Christmas was over before handing out pink slips?

violin
 Quoting: samanthasunflower


[link to www.dailyjobcuts.com]

Not these days

bump
Anonymous Coward
User ID: 29142182
United States
12/05/2012 12:12 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Hey WTF...

Those pillars of American Culture need to fund their BONUSES, and Christmas parties somehow.

Shirley, you don't expect them to take anything less.
Anonymous Coward
User ID: 25028055
United States
12/05/2012 12:19 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Look,

These jerks were going to fail regardless of who is President.

They ripped off people for YEARS thanks to DEREGULATION the REPUBLICANS pushed through and now they are paying for years of greed.

They get what's coming to them.

It's like all the jerk Republicans that own businesses that are laying people off just because they lost.

Do they really think that's going to make them more popular with the people?

I hope not, because if they do they are more delusional than I thought they were.

Mankind CANNOT live without regulation. If there are no controls and rules we go nuts.

That's what's happening now. Deregulation has killed the media. It's the same bland bullshit no matter what market you are in because 4 Companies own every damn radio/tv station in the USA. There's no competition, so they fired everyone, went automated and all the radio stations play the same shit day in and day out.

It's also why the news on TV sucks so bad.

They tell you what they want you to hear, not what you want and need to know.

Which is why they want the internet censored. If they have their way, we won't be able to post stuff like this anymore.

rant
 Quoting: SomaComatose


clappa
Anonymous Coward
User ID: 26860321
United States
12/05/2012 12:20 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
If you can eliminate 11,000 people then you must not NEED them or you would not be able to continue in you current level of business.

Which begs the question: How the fuck can you run a business employing 11,000 too many people? I think they know something is coming in the financial markets.
Future Viewer

User ID: 1344660
United States
12/05/2012 12:59 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
[link to www.bloomberg.com]

Citigroup Inc. (C), the third-biggest U.S. bank, said it will take a pretax charge of about $1 billion this quarter as part of a plan to eliminate more than 11,000 jobs.

“These actions are logical next steps in Citi’s transformation,” Chief Executive Officer Michael Corbat said today in a statement. “While we are committed to -- and our strategy continues to leverage -- our unparalleled global network and footprint, we have identified areas and products where our scale does not provide for meaningful returns.


hiding
 Quoting: Limpan


More things out of the CIA controlled World and USA. "Great Depression 2" will be a lot greater than "Great Depression 1" was..

And this was all Pre-Planned and Pre-Engineered from FDR's coming into Presidency! and it might go back as far as Woodrow Wilson and the fake ass Federal Reserve Creation (1913).

rant
The Real "Kronos"..(1957 Movie)
Anonymous Coward
User ID: 27235266
United States
12/05/2012 01:00 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
If you can eliminate 11,000 people then you must not NEED them or you would not be able to continue in you current level of business.

Which begs the question: How the fuck can you run a business employing 11,000 too many people? I think they know something is coming in the financial markets.
 Quoting: Anonymous Coward 26860321


Once again needs change due to changing technology!
Pyractomena borealis

User ID: 20793638
United States
12/05/2012 01:10 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Well when drug companies are laying off thats another not so good sign too.

[link to seattletimes.com]

[link to medcitynews.com]

[link to www.bizjournals.com]


Saw where Bank of America is laying off 200 in Massachusetts

Dailyjobcuts.com just keeps on posting more and more.Pretty soon there wot be anything left.
 Quoting: Anonymous Coward 29096459


Citigroup and Big pharma are deleterious to society as a whole.

May they both be tossed into the dustbin of nothingness never to be seen or heard from again

A brand new day is coming.

:kitteh ba bye:

hf
There is nothing so powerful as truth, and often nothing so strange ~ Daniel Webster

Omnia Vincit Amor ~ Virgil

The more you learn, the less you know ~ Socrates

That writer does the most, who gives his reader the most knowledge, and takes from him the least time. ~ Charles Caleb Colton
krosty

User ID: 15571780
United States
12/05/2012 01:16 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
I hope this bank rots in hell with all the others. Their employees can go find something more useful to do and stop destroying peoples lives.
Anonymous Coward
User ID: 24473407
United States
12/05/2012 01:19 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Yahoo tells me that housing has recovered, so it is so. I believe every word from the media.

-sheeple #23424029549349399392
TriggerFish

User ID: 27281968
United States
12/05/2012 01:22 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows:

Citigroup: $2.5 trillion ($2,500,000,000,000)

Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places

View the 266-page GAO audit of the Federal Reserve (July 21st, 2011): [link to www.scribd.com]
Caught in the rift between Deja Vu and Amnesia. Counting the days before the paradigm shift in understanding causes the world to rise up and seize back our hard won freedoms taken by the NWO agenda.
Anonymous Coward
User ID: 14564403
United States
12/05/2012 01:34 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
No matter how much money those banks got from Obama admin, they just keep cutting jobs. Then the boomerang loop affects everyone - in USA and abroad. Good job before the doomsday date! Let it come sooner and harsher then!
 Quoting: Russian guy 24071670


When was TARP???...I forgot.
Anonymous Coward
User ID: 24637305
United States
12/05/2012 01:43 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Look,

These jerks were going to fail regardless of who is President.

They ripped off people for YEARS thanks to DEREGULATION the REPUBLICANS pushed through and now they are paying for years of greed.

They get what's coming to them.

It's like all the jerk Republicans that own businesses that are laying people off just because they lost.

Do they really think that's going to make them more popular with the people?

I hope not, because if they do they are more delusional than I thought they were.

Mankind CANNOT live without regulation. If there are no controls and rules we go nuts.

That's what's happening now. Deregulation has killed the media. It's the same bland bullshit no matter what market you are in because 4 Companies own every damn radio/tv station in the USA. There's no competition, so they fired everyone, went automated and all the radio stations play the same shit day in and day out.

It's also why the news on TV sucks so bad.

They tell you what they want you to hear, not what you want and need to know.

Which is why they want the internet censored. If they have their way, we won't be able to post stuff like this anymore.

rant
 Quoting: SomaComatose


Looks like somebody has been hanging around the Idiot Box too long. burnit
Anonymous Coward
User ID: 29130372
Belgium
12/05/2012 01:46 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
drevil
Anonymous Coward
User ID: 29147267
United States
12/05/2012 01:48 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
This is great! Banks need to collapse. <3
XSlyOneX

User ID: 1446631
United States
12/05/2012 01:52 PM

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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Wow if any of you actually knew how Citigroup runs their business you would know they are full of shit...


Just another business trying to take advantage of political confusion to hide their own inadequacies.

How can you guys not see this... A damn shame.
Ron Paul or Bust
Anonymous Coward
User ID: 19476176
United States
12/05/2012 01:56 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Gotta make sure those key managers get those bonuses so they won't go somewhere else.
TTX8K82

User ID: 26400095
United States
12/05/2012 01:56 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Bet the CEO & other execs r going 2 get a big xamss bonus!
Future Viewer

User ID: 1344660
United States
12/05/2012 02:09 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Bet the CEO & other execs r going 2 get a big xamss bonus!
 Quoting: TTX8K82


^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

FAIL-> The CEO and other exec's r going 2 get a big xmass "boner"...

rant
The Real "Kronos"..(1957 Movie)
Anonymous Coward
User ID: 25342985
United States
12/05/2012 02:26 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Expect A LOT more layoffs soon.

The suits who write this press release shit sound like they could justify murdering 11,000 people if they just word it right:

Citigroup feels their cremated remains of of our 11,000 terminations will not only save revenue for our shareholders, further help expand our global foot-print while at the same time emphasize our commitment to compassion when dealing with our employee family and the public.
 Quoting: Anonymous Coward 18951906


Citi would still be raking in massive profits even if they didn't murder the livelihood of these 11k soon to be unemployed people. The problem is that to these big multi-national corps, people are just 'things' from which the company extracts all possible monetary value in any way it can, regardless of whether they actually *need* to extract everything. There is still plenty of value in providing employment while still turning a respectable profit. There should be no respect by stockholders for a company that strip-mines both their customers & employees just for the hell of it.
Anonymous Coward
User ID: 29072740
United States
12/05/2012 02:26 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Any of their execs taking a huge paycut?
Anonymous Coward
User ID: 27879171
United States
12/05/2012 02:29 PM
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Re: Citigroup to cut 11.000 jobs. Just breaking. Recovery is great
Nice recent threads below.

But my question: when is the actual last day(s) for the employees?





Citigroup to cut 15,000 jobs: Report BUT ALSO: Citigroup to Open More Branches in India
03/26/07

Citigroup job cull to hit 75,000
11/17/08

Citigroup to Cut 20,000 Jobs and Slash Dividend
01/15/08

Breakin News Massive Layoffs for CityGroup. Citigroup to cut more than 50,000 jobs
11/17/08

News








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