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UpInArms (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 08:23 AM Original message |
Citigroup to cut 50,000 jobs-CNBC |
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antimatter98 (537 posts) Send PM | Profile | Ignore | Mon Nov-17-08 08:45 AM Response to Original message |
1. Good. Who needs these cuprits. n/t |
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hewitt (138 posts) Send PM | Profile | Ignore | Mon Nov-17-08 08:48 AM Response to Reply #1 |
2. Come on... these are people... |
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Lerkfish (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 08:49 AM Response to Reply #1 |
3. these "cuprits" are the workers. the CEOs are not being cut. |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:09 AM Response to Reply #1 |
13. These "culprits" are the middle class and workers from major metro areas |
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truthisfreedom (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:38 AM Response to Reply #1 |
20. WTF? |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 09:00 AM Response to Original message |
4. 75000 according to the BBC |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:10 AM Response to Reply #4 |
14. 75,000 = the previous 23,000 + 50,000 more |
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dipsydoodle (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:35 AM Response to Reply #14 |
19. Yes I see now. |
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Vinnie From Indy (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 09:06 AM Response to Original message |
5. Any bets that Pandit and the rest of the top management aren't taking a pay cut? |
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Beer Snob-50 (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:05 AM Response to Reply #5 |
10. but according to many of the right.. |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:07 AM Response to Reply #5 |
12. Pandit is unlikely to take a bonus. |
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AllentownJake (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 09:18 AM Response to Original message |
6. Don't the Saudi's own a good portion of Citigroup? |
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thereismore (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:32 AM Response to Reply #6 |
18. Yes, I think up to 49%. nt |
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Lucky Luciano (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:46 AM Response to Reply #6 |
23. Yes, the good prince has held just under 5% for a long time |
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Eurobabe (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 09:38 AM Response to Original message |
7. Gee, since they don't have to pay all those people |
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ananda (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 09:38 AM Response to Original message |
8. Also, I understand that ChaMu is .. |
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madhawk (54 posts) Send PM | Profile | Ignore | Mon Nov-17-08 09:50 AM Response to Original message |
9. forms |
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napi21 (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:06 AM Response to Original message |
11. I DO feel bad for those to be laid off, but how the hell does any business |
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alcibiades_mystery (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:12 AM Response to Reply #11 |
15. It is one-seventh of their total workforce |
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gristy (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:16 AM Response to Original message |
16. This is just the strangest thing. Selling a unit does not mean layoffs |
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truthisfreedom (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:41 AM Response to Reply #16 |
21. When mergers take place, "duplicate" jobs are eliminated. This may be what they're suggesting. |
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Doremus (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:45 AM Response to Reply #16 |
22. The cuts come from redundancy. The new owner already has staff |
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no_hypocrisy (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 10:23 AM Response to Original message |
17. So let me get this straight. |
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spinbaby (1000+ posts) Send PM | Profile | Ignore | Mon Nov-17-08 12:58 PM Response to Original message |
24. Refresh my memory |
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