Citigroup Plans to Cut 11,000 Jobs to Save $1.1B in Expenses

Discussion in 'Politics' started by WillowTree, Dec 5, 2012.

  1. WillowTree
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    WillowTree Diamond Member

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  2. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    *cough*Obamacare*cough*
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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  4. WillowTree
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    WillowTree Diamond Member

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    Who just got the chair of the finance comittee? :D
     
  5. BreezeWood
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    BreezeWood VIP Member Supporting Member

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    a pre-tax charge of ...


    and letting the taxpayers pay for it ....
     
  6. Seawytch
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    Seawytch Information isnt Advocacy

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    Proof? The linked article did not cite health care cost concerns. The article you obviously didn't read said:

    Citi said it will look to either sell or “significantly scale back” consumer operations in Pakistan, Paraguay, Romania, Turkey and Uruguay, while enhancing its footprint in major metropolitan areas in an effort to focus on the 150 cities with the highest growth potential.

    A handful of branches are expected to be impacted in Brazil, Hong Kong, Hungary, Korea and in the U.S., though Citi said it will continue investing in franchises there and will finish the overhaul with more than 4,000 retail branches around the world.[...]

    Citi said the transformation is an effort to streamline its client coverage model in banking and improve productivity in its markets business, particularly in areas such as equities that have been in a lengthy slump.
     
  7. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    NEWSFLASH: They've been laying off for quite some time.

    And you should do something about that cough.
     
  8. Mr. H.
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    Mr. H. Diamond Member

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    We tried, but He got re-elected anyway.
     

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