Citigroup still has job vacancies

[OhioChick]

Source: Economic Times India

24 Nov 2008, 0000 hrs IST, PTI

NEW YORK: It may come as a surprise, but the US banking behemoth Citigroup is still looking out for new employees and has posted more than 100 job vacancies over last week that is, since announcing the corporate America's second largest single-day layoff of over 50,000 employees.

It seems the bank is not just facilitating the out-bound traffic on its payrolls since November 17, the day when Pandit announced over 50,000 job cuts, it has also posted at least 109 new job vacancies -- all full-time positions and mostly at manager or executive levels -- on its website for positions across the world.

"We are always looking for talented people to join us," Citigroup says alongside these job postings, while exhorting the potential candidates whether they are "ready for a career with endless possibilities?"

Out of the total postings, the maximum 81 vacancies have been posted for North America, which is said to account for the highest number of job cuts announced in recent months.


Read more: http://economictimes.indiatimes.com/News/News_By_Industry/Jobs/Citigroup_still_has_job_vacancies/articleshow/3747372.cms

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Also of interest:

Citigroup to hire 1,000 workers in Philippines

http://www.marketwatch.com/news/story/Citigroup-hire-1000-workers-Philippines/story.aspx?guid={09F497DB-5E5F-44FB-AE11-9F17DC8903A2}

:wtf: :grr:

[ihavenobias]

1. It just gets worse and worse. n/t

[ChromeFoundry]

2. And how much more bailout money are they going to get?

fuckers.

Heads need to roll!

[tclambert]

12. But they need the bailout to protect jobs! Oh, wait, they're laying off how many?

Never mind.

[Skink]

3. Anticipation.

Retail giants can't wait. An employers market finally.

[fascisthunter]

4. Why Am I Not Surprised...

[ksimons]

5. what's good for Citibank is good for the Philipines I guess

or is that supposed to be America

will someone please remind me who is paying these bills again?

[crispini]

6. Got pitchforks?

Seriously, someone needs to make us a photoshop with that on it. It would have gotten plenty of use lately.

[OhioChick]

16. It sure would.

:grr:

[Azlady]

7. I simply do not know how much more of this I can STAND!!!!!!! N/T

[Waiting For Everyman]

8. There's no end to their nerve, is there?

Oh, I'd like to GIVE THEM some talent!!! The pitchfork, tar, and feather variety.

The upper-middle management is almost as much of an outrage as top. Only the bottom always gets abused and underpaid, what a coincidence.

Any bailout ought to be condidional on a 100% reversal of offshoring. And btw, the states do it too. That could be ended instantly. (And they spend more to offshore, there's no cost savings involved, just patronage.)

[Veritas_et_Aequitas]

9. Not surprising

It's a common practice for companies to let go skilled, experience employees in these downsizes just to replace them for cheaper, less skilled workers.

[tclambert]

13. What they always forget is that workers are also their customer base.

Don't you want your customers to have MORE money? Don't you want your customers to have JOBS?

[Oerdin]

10. A friend of mine...

Just got hired with Citi Group for when he graduates form Northwestern's MBA school this summer. He interned with them in NYC last summer and will be starting work in LA next summer after he graduates. The truth is even troubled companies have opening which they have to fill as people leave but that doesn't mean the company is not troubled. Citi Group is to big to fail but that doesn't mean the management hasn't made horrible choices or that Paulson has treated them with kid gloves. In the UK companies which get bailouts have to sack the entire board, the taxpayers get voting shares instead of the nonvoting shares we get, and companies are required to pay a 15% dividend on the shares taxpayers buy instead of the 5% Paulson tosses to US taxpayers. We're getting a raw deal.

Add on to that that the real truth is if a company has grown so large that its failure threatens the national economy then it is really just to big. To big to fail means to big and so it should be broken up.

[unblock]

11. budget-cutter III; outplacement specialist IV; gujrati/hindi translator II; ....

[mwooldri]

14. Last time I passed the Citi call center outside Greensboro...

... they still had this wonderful "We're hiring!" banner plastered all over the front of the building.

However I have just checked the website and there's no advertised positions for that location.

To be fair, the financial company I work for (that's laying off 10% of its workforce) - they're only hiring if there's a desperate need. The positions have to be advertised briefly at least, and those who have been recently let go are given due consideration first (because if that person shifts down or sideways then they don't have to pay severance pay - yippee!)

If Citi have got positions that really really need to be filled elsewhere they need to be offering them to their "displaced employees" first.

Mark.

[high density]

15. Yeah, and?

Laying off 50,000 doesn't mean that they just let the remaining required positions go unfilled.