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






Posted by guest , Dec 02, 2008 11:49AM
Last one out remember to shut off the Bloombergs
Posted by guest , Dec 02, 2008 11:51AM
650 billion layoffs? what does that mean?
Posted by Bess Levin , Dec 02, 2008 11:53AM
http://www.merriam-webster.com/dictionary/hyperbole
Posted by guest , Dec 02, 2008 11:57AM
@3 God, I love you Bess...
Posted by HyperPole , Dec 02, 2008 12:11PM
Bess... you rang?
Posted by HyperPole , Dec 02, 2008 12:11PM
Oops.... never mind! ;)
Posted by Anal_yst , Dec 02, 2008 12:12PM
ahahahahahahaha 3/5
Posted by cy , Dec 02, 2008 12:12PM
The HBS banner is giving DB an unusually toolish luster today.
Posted by guest , Dec 02, 2008 12:16PM
It's So Cold in The D
Posted by guest , Dec 02, 2008 12:16PM
Bess. You are nonstoppingly awesome.
Posted by guest , Dec 02, 2008 12:33PM
@ 2 --> Played.
Posted by guest , Dec 02, 2008 12:38PM
@3: A 650 bn PWNAGE
Posted by guest , Dec 02, 2008 2:49PM
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
Posted by guest , Dec 02, 2008 3:29PM
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
Posted by guest , Dec 02, 2008 4:16PM
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?
Posted by guest , Dec 02, 2008 4:28PM
Soon we'll be back to the barter system, filthy and crazed hippies, eg Gavin Newsome etc; in SF will dig that no doubt.