Citigroup job cuts...
 

....worse than previously estimated...

Was 40,000, now 53,000.

How's that free market economy working out for you, America?

Citigroup job cuts...
 

"Boater" wrote in message
...
...worse than previously estimated...

Was 40,000, now 53,000.

How's that free market economy working out for you, America?

It is working great.

Getting people to pay their debts is not. Thank congress for cheap easy
money to those that couldn't afford to make 3% interest payments.

The house of Liberal Debt has collapsed and going to take a lot of marginal
businesses with it. No big, the market corrects in the end.

NorTel and Sun last week. IBM? HP? Or did HP already announce?

I wonder who next? Amex? FedEx? Chrysler? Cisco? GE?

What is not in the news is many smaller companies have been losing employees
without the news for over a year. I know of a mid-west company who has
whacked some 4,000 of the 14,000 jobs in the last year or two, I don't see
bailout packages going there.

America is.was the greatest country on earth, but it is a shame it is now
being socialised. Better get used to it. Even when the old USSR was in
place it's people didn't live that well. Big government comes at a big
price to wealth and freedom.

If America does not get the socialists out of the kitchen this is going to
be a even bigger flush.

-----
New USSR - United States Socialist Republic
Where government runs the manufacturing and banks.
Health care and equity markets coming soon.

Citigroup job cuts...
 

Boater wrote:
....worse than previously estimated...

Was 40,000, now 53,000.

How's that free market economy working out for you, America?

Where are you posting from WAFA? Are you in Costa Rica yet?

Citigroup job cuts...
 

On Mon, 17 Nov 2008 08:39:46 -0500, Boater
wrote:

...worse than previously estimated...

Was 40,000, now 53,000.

How's that free market economy working out for you, America?

I heard that's about 10% of their work force.
So that's maybe 500,000 people working for Citigroup.
Twice as many employees as GM has.
What are these Citigroup employees making? Cars? Refrigerators?
Boats?
Or are they hauling trash, fixing potholes, building or repairing
houses and garages?
Maybe they're teaching, doctoring and nursing?
Perhaps they are plumbing, fixing furnaces, or running wiring.
Could be they are foresting, mining, farming or raising cattle.
Driving trucks? Laying and maintaining rail track?
500,000 is a big workforce.
That many people can do a lot for the economy.
I bet we're gonna really miss them.

--Vic

Citigroup job cuts...
 

On Mon, 17 Nov 2008 10:33:07 -0600, Vic Smith
wrote:

I heard that's about 10% of their work force.
So that's maybe 500,000 people working for Citigroup.
Twice as many employees as GM has.
What are these Citigroup employees making? Cars? Refrigerators?
Boats?

More like 15%, 350K employees at present.

It's a financial services business. There are stock brokers,
clerical people, customer service folks, lots of IT jobs, loan
officers, bank tellers, ATM service technicians, bond underwriters,
etc. You'd miss them if they weren't there at all.

Citigroup job cuts...
 

On Nov 17, 7:39*am, Boater wrote:
...worse than previously estimated...

Was 40,000, now 53,000.

How's that free market economy working out for you, America?

Actually Harry, for me it's pretty good. the auto electric rebuilding
business is picking up. Keep your overhead low, and give quality work
and you do fine.

BTW, it helps if one works and doesn't loaf. In fact,t hat's why I do
what I do, because \during the Carter administration, lay offs were
cronic, so I decided to make my own job, and I've been busy ever
since. There's a lot of talent out there that could do well if they'd
get out of the lunchbucket mentality and do for themselves.

Citigroup job cuts...
 

Wayne.B wrote:
On Mon, 17 Nov 2008 10:33:07 -0600, Vic Smith
wrote:

I heard that's about 10% of their work force.
So that's maybe 500,000 people working for Citigroup.
Twice as many employees as GM has.
What are these Citigroup employees making? Cars? Refrigerators?
Boats?

More like 15%, 350K employees at present.

It's a financial services business. There are stock brokers,
clerical people, customer service folks, lots of IT jobs, loan
officers, bank tellers, ATM service technicians, bond underwriters,
etc. You'd miss them if they weren't there at all.


No, I wouldn't miss them. But that doesn't mean I want them to lose
their jobs.

Citigroup job cuts...
 

On Nov 17, 2:47*pm, Tim wrote:
On Nov 17, 7:39*am, Boater wrote:

...worse than previously estimated...

Was 40,000, now 53,000.

How's that free market economy working out for you, America?

Actually Harry, for me it's pretty good. the auto electric rebuilding
business is picking up. Keep your overhead low, and give quality work
and you do fine.

BTW, it helps if one works and doesn't loaf. In fact, hat's why I do
what I do, because during the Carter administration, lay offs were
cronic, so I decided to make my own job, and I've been busy ever
since.

Please alow me to correct that. After serving my country I started my
own business.

Citigroup job cuts...
 

"Tim" wrote in message
...


Please alow me to correct that. After serving my country I started my
own business.

-------------------------------------

Times have changed Tim. Many people now think that our country exists to
serve them and it owes them a living.

Eisboch

Citigroup job cuts...
 

Eisboch wrote:
"Tim" wrote in message
...


Please alow me to correct that. After serving my country I started my
own business.

-------------------------------------

Times have changed Tim. Many people now think that our country exists to
serve them and it owes them a living.

Eisboch




The government exists to serve the people. Many now in power in the GOP
think the government exists to make it easier for them to amass wealth
at the expense of the middle class. *They* think the government is there
for the plucking, to help them maintain a millionaire's lifestyle.

:)