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Citigroup Plans to Sell Assets and Cut More Jobs

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Nov 17, 2008.

  1. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    http://www.nytimes.com/2008/11/18/business/18citi.html?partner=rss&emc=rss

    In one the largest single rounds of layoffs on record, not just for the financial industry but for any industry, Citigroup said on Monday that it planned to eliminate a staggering 52,000 jobs, or 14 percent of its global work force.

    The industry has shed more than 120,000 workers since the beginning of 2007, and many predict at least 240,000 more will go this year and next.
     
  2. FinSane

    FinSane Cynical Dolphins Fan

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    and i thought they were one of the healthy ones
     
  3. Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

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    They maybe when this is all said and done, but they are experiencing there own pain right now.
     
  4. unluckyluciano

    unluckyluciano For My Hero JetsSuck

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    Everyone is going to make cutbacks to prepare for the recession bro. Especially the healthy ones.
     
  5. Stitches

    Stitches ThePhin's Biggest Killjoy Luxury Box

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    I didn't see it posted hear, but (heard on the radio I thought) that DHL was cutting all (or at least most) their US jobs.
     
  6. jdang307

    jdang307 Season Ticket Holder Club Member

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    They've stopped all domestic shipping. International is still going on I believe.

    I've dealt with all 3 a lot, and DHL absolutely sucked. So good riddance.
     

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