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| Thread ID: 128268 | 2012-12-09 22:14:00 | Citigroup Eliminates 11,000 Jobs | WalOne (4202) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1317318 | 2012-12-09 22:14:00 | Citigroup announced that it is cutting 4% of its workforce this morning, in what might be the most remarkable incident of concentrated euphemistic corporate jargon I've ever seen: "Citigroup today announced a series of repositioning actions that will further reduce expenses and improve efficiency across the company while maintaining Citi's unique capabilities to serve clients, especially in the emerging markets. These actions will result in increased business efficiency, streamlined operations and an optimized consumer footprint across geographies." In other words: "Citigroup today announced [lay offs]. These actions will [save money]." :groan: [B]The Atlantic (www.theatlantic.com) |
WalOne (4202) | ||
| 1317319 | 2012-12-09 22:36:00 | Fair enough, they needed to | the_bogan (9949) | ||
| 1317320 | 2012-12-09 22:42:00 | Fair enough, they needed to The point being, why didn't they just use the shortened version? |
WalOne (4202) | ||
| 1317321 | 2012-12-09 22:54:00 | I blame Liberal Arts Majors ;) Seriously though, I know what you mean. Fancy words to satisfy the shareholders? |
the_bogan (9949) | ||
| 1317322 | 2012-12-09 23:25:00 | I blame Liberal Arts Majors ;) Seriously though, I know what you mean. Fancy words to satisfy the shareholders and the unions. Fixed that for you.... |
johcar (6283) | ||
| 1317323 | 2012-12-09 23:38:00 | 11,000 jobs is 4% of its workforce! Wow that is a big bank. Do they a retail bank or are they just a merchant bank etc? I hear the US banks are still into derivatives in a BIG way. |
Digby (677) | ||
| 1317324 | 2012-12-09 23:58:00 | Wonder haw many of those will be in NZ?? They have a branch in Auckland.. | paulw (1826) | ||
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