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Citigroup Still Moving Forward With The Layoffs

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CNBC's Charlie Gasparino reports that Citigroup feels so confident in their upcoming firings that they've increased the number from a previously forecasted 24,000 to 30,000. CEO Vikram Pandit has also decided that these new and improved cannings aren't going to be the "just messing with you, come on back in a week" kind, but the serious sort, where you're really and truly not allowed back in the building, even to use the bathroom, and Meatball the security guard acts like he doesn't even know you. In related news, senior C executives are also considering HSBC's highly successful ban on acronyms, in an effort to show everyone (Meredith Whitney) they're really taking this thing seriously.
Citigroup's Job Cuts Could Total Over 30,000 [CNBC]


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