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

[WillowTree]

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

 

[Avatar4321]

*cough*Obamacare*cough*

 

[PoliticalChic]

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

The folks at whom you're directing this news, will voluntarily refuse to make the connection to their vote in the election....

....that's how Pod People roll.

 

[WillowTree]

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





Who just got the chair of the finance comittee?

The folks at whom you're directing this news, will voluntarily refuse to make the connection to their vote in the election....

....that's how Pod People roll.

Who just got the chair of the finance comittee?

 

[BreezeWood]

The latest round of cuts, which will result in a pre-tax charge of $1 billion in the fourth quarter and another $100 million in the first half of 2013 ...

a pre-tax charge of ...


and letting the taxpayers pay for it ....

 

[Seawytch]

*cough*Obamacare*cough*

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.

 

[Sallow]

*cough*Obamacare*cough*

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

And you should do something about that cough.

 

[Mr. H.]

*cough*Obamacare*cough*

And you should do something about that cough.

We tried, but He got re-elected anyway.