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...

Remember in the good old days when companies would wait until Christmas was over before handing out pink slips?

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.

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

Apple getting crushed again today

Remember in the good old days when companies would wait until Christmas was over before handing out pink slips?

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.

[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.

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.

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.

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!

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.

Bet the CEO & other execs r going 2 get a big xamss bonus!

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.