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| Home Front Economy |
| Citigroup to slash 50,000 jobs |
| 2008-11-18 |
| The US banking giant, Citigroup Inc., is reportedly planning to cut more than 50,000 jobs as the global financial crisis deepens. |
| Posted by:Fred |
| #7 Done properly, firing people is indeed hard work. Hopefully, those freed from Citigroup's current struggles will quickly find ways to employ their skills and and company-paid training in ventures more appreciative of what they have to offer. In the current financial climate Mr. Wife's company feels compelled to focus more closely on those efforts most likely to be profitable, which sadly means some very good people are being downsized out of jobs there. But there is no doubt that those companies out there clever enough to pick them up will get a very good return on their investment, painful as the interim is for all involved. |
| Posted by: trailing wife 2008-11-18 23:22 |
| #6 Firing people is HARD work, I think I'll give myself a large bonus. |
| Posted by: CEO 2008-11-18 21:31 |
| #5 Pay special attention to the 'cheap money' part in the last minute of the film. It did come to pass, and it damn near wrecked us. |
| Posted by: bigjim-ky 2008-11-18 16:51 |
| #4 Just saw your video find Besoeker, Talk about a blast from the past, very nice find. Thank you |
| Posted by: Redneck Jim 2008-11-18 11:46 |
| #3 Thought you might enjoy this Jim. |
| Posted by: Besoeker 2008-11-18 09:30 |
| #2 That's a pretty radical concept Besoeker. Do you really think it could work? |
| Posted by: bigjim-ky 2008-11-18 08:54 |
| #1 Knowledge-Based and tech Economies running out of steam? Let's try something really innovative, really old-time American, like....manufacturing something that people need. |
| Posted by: Besoeker 2008-11-18 08:11 |