• 02 Dec 2008 at 11:48 AM

Layoffs Watch ’08: Citi

By Bess Levin

Citi is said to be proceeding at a pace with its 650 billion layoffs. Apparently “big cuts” are coming in Markets and Banking this Wednesday and Thursday.
Related: Citi Still Chasing “Best Company In The World, Bar None” Title, Via Eliminating Severance

Comments (16)

  1. 1
    Posted by guest | December 2, 2008 at 11:49 AM

    Last one out remember to shut off the Bloombergs

  2. 2
    Posted by guest | December 2, 2008 at 11:51 AM

    650 billion layoffs? what does that mean?

  3. 3
    Posted by Bess Levin | December 2, 2008 at 11:53 AM

    http://www.merriam-webster.com/dictionary/hyperbole

  4. 4
    Posted by guest | December 2, 2008 at 11:57 AM

    @3 God, I love you Bess…

  5. 5
    Posted by HyperPole | December 2, 2008 at 12:11 PM

    Bess… you rang?

  6. 6
    Posted by HyperPole | December 2, 2008 at 12:11 PM

    Oops…. never mind! ;)

  7. 7
    Posted by Anal_yst | December 2, 2008 at 12:12 PM

    ahahahahahahaha 3/5

  8. 8
    Posted by cy | December 2, 2008 at 12:12 PM

    The HBS banner is giving DB an unusually toolish luster today.

  9. 9
    Posted by guest | December 2, 2008 at 12:16 PM

    It’s So Cold in The D

  10. 10
    Posted by guest | December 2, 2008 at 12:16 PM

    Bess. You are nonstoppingly awesome.

  11. 11
    Posted by guest | December 2, 2008 at 12:33 PM

    @ 2 –> Played.

  12. 12
    Posted by guest | December 2, 2008 at 12:38 PM

    @3: A 650 bn PWNAGE

  13. 13
    Posted by guest | December 2, 2008 at 2:49 PM

    Hmmm…Fewer banks + less competition = fewer jobs.
    Nice that it’s on the taxpayer’s dime too. According to this, it is getting worse, not better…
    FDIC Graphs Show the Extent of Financial Crisis: More Institutions Report Declining Earnings, Quarterly Losses; Lower Asset Values Add to the Downward Pressure on Earnings; Growth in Reported Noncurrent Loans Remains High; Nine Failures in Third Quarter Include Washington Mutual Bank; Failure-Related Restructuring Contributes to a Decline in Reported Capital: http://tinyurl.com/5s3d82

  14. 14
    Posted by guest | December 2, 2008 at 3:29 PM

    citigroup has been insolvent for years. The company sucks right down to the ugly bitches behing the counters who speal 10 words of English.
    Send your resumes to the middle east
    http://endofesq.com/?p=583

  15. 15
    Posted by guest | December 2, 2008 at 4:16 PM

    Thurs. is the latest the I’ve heard. Everyone’s getting impacted, not just Markets and Banking.
    Bess: I love you. Would you go out with me?

  16. 16
    Posted by guest | December 2, 2008 at 4:28 PM

    Soon we’ll be back to the barter system, filthy and crazed hippies, eg Gavin Newsome etc; in SF will dig that no doubt.

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