Archive for November, 2008
Citigroup Layoffs Can Leave upto 58,000 Jobless
In an unfortunate turn of events, Citigroup revealed it’s plan to cut around 58,000 jobs to help the company adjust better to current economic crisis. These layoffs are planned in addition to 23,000 jobs already eliminated since January 2008. Overall CitiGroup laid off about 300,000 Jobs world wide since the January 2008.
Cost Cut is major concern as credit market squeezes. Citigroup is expected to save money by layoffs, sale of units and attrition as well as cutting day to day running expenditure. Vikram Pamdit, the CEO of Citigroup is notorious for taking such dramatic measures in difficult times. It will no doubt help Citigroup survive the troubled times by increasing profitability and likely to help the stock price as well. Citigroup’s stock fell into the single digits for the first time since bank was created in 1998 from the merger of Travelers Group Inc and Citicorp.
Shares of Citigroup are currently trading at $9.26 (I never saw it go below $50 since 2001)
You might also like
|
|
|
|
|
Corporate Memo: The First and Last Company Picnic
After a bashing party on company picnic. It’s pictures got leaked on web through facebook. and then we got this memorandum posted on company notice boards and inbox of all employees. pictures were also attached.
To: All Company Employees
Subject: Company Picnic
We are glad that we had the great employee turnout for the first and last annual company picnic.
You might also like
|
|
|
|
|
A New Horoscope For The Workplace
Astrology tells us about you and your future simply by your birthday. The Chinese Zodiac uses the year of your birth. Demographics tell us what you like, dislike, whom you vote for, what you buy, and what you watch on TV.
Well, the Corporate Zodiac goes a step further: simply by your job title, people will have you all figured out…
MARKETING: You are ambitious yet stupid. You chose a marketing degree to avoid having to study in college, concentrating instead on drinking and socializing, which is pretty much what your job responsibilities are now. Least compatible with Sales.
SALES: Laziest of all signs, often referred to as “marketing without a degree,” you are also self-centered and paranoid. Unless someone calls you and begs you to take their money, you like to avoid contact with “customers” so you can “concentrate on the big picture.” You seek admiration for your golf game throughout your life.
TECHNOLOGY: Unable to control anything in your personal life, you are instead content to completely control everything that happens at your workplace. Often even YOU don’t understand what you are saying, but who the hell can tell?! It is written that the geeks shall inherit the Earth.
ENGINEERING: One of only two signs that actually studied in school, it is said that ninety percent of all personal ads are placed by engineers. You can be happy with yourself: your office is typically full of all the latest “ergodynamic” gadgets. However, we all know what is really causing your “carpal tunnel”…
ACCOUNTING: The only other sign that studied in school, you are mostly immune from office politics. You are the most feared person in the organization; combined with your extreme organizational traits, the majority of rumors concerning you say that you are completely insane.
HUMAN RESOURCES: Ironically, given your access to confidential information, you tend to be the biggest gossip within the organization. Possibly the only other person that does less work than marketing, you are unable to return any calls today because you have to get a haircut, have lunch, and mail a letter!
MIDDLE MANAGEMENT/DEPARTMENT MANAGEMENT/”TEAM LEADS”: Catty, cut-throat, yet completely spineless, you are destined to remain at your current job for the rest of your life. Unable to make a single decision you tend to measure your worth by the number of meetings you can schedule for yourself. Best suited to marry other “Middle Managers,” as everyone in your social circle is a “Middle Manager.”
SENIOR MANAGEMENT: Catty, cut-throat, yet completely spineless, you are destined to remain at your current job for the rest of your life. Unable to make a single decision you tend to measure your worth by the number of meetings you can schedule for yourself. Best suited to marry other “Senior Managers,” as everyone in your social circle is a “Senior Manager.”
CUSTOMER SERVICE: Bright, cheery, positive, you are a fifty-cent cab ride from taking your own life. As a child very few of you asked your parents for a little cubicle for your room and a headset so you could pretend to play “Customer Service.” Continually passed over for promotions, your best bet is to sleep with your boss.
You might also like
|
|
|
|
|
DHL Layoff May Leave 20,000 US Workers Jobless
According to a Bloomberg TV report, DHL has finally decided to close all its express shipment operations in USA. That includes Ground and Air Operations. DHL Express will also close down Scottsdale Center where more than 736 people will lose job. The people include more than 100 IT Professionals. The DHL news did not came as surprise as company has not made any profit from it’s DHL Express service in USA. It is also being reported that FED Ex will become the preferred partner for deliveries in USA. Means DHL will still ship to USA.
Few day back , Bonn, Germany-based Deutsche Post AG, the parent company of DHL, said it will cut 9,500 jobs in the U.S., eliminating all air and ground shipments between American cities by Jan. 30. However, the company said it will continue to handle international package shipments into and out of the U.S.
Also DHL said it will continue other operations in the U.S. such as freight forwarding and global mail, which will not be affected by the cutback.
A DHL delivery truck drives outside a DHL facility in Franklin Park, Ill.
You might also like
|
|
|
|
|
Blog of The Day: Kevin Brink’s Red Stapler Chronicles
Kavin Brink is a 32 year old blogger from Maple Shades, NewJersey. He has a full time job working as a manager in the retail industry. Like most Americans, He hates his job. About two years ago, he started a blog out of sheer disgust about his job. He tried to make Red Staplers a symbol of showing hate toward your job or boss. The dude has done a great job at this blog. He is a graduate from Rutgers University in New Brunswick, New Jersey.
This blog is a text-book example of how not to monetize your blog. I visited this blog after two months and I did not like what I see. Focus is completely changed and It is now more about making money and that is not very pretty. I am quite sure, if Kavin had kept this blog dedicated to it’s original niche, this blog would have been more popular than it is now. I know it is his decision and he know how he wants to move ahead with it. I seems that he is making quite good money see his earnings here
Enough of critique, let me share what I like most about this blog. here are few of the great posts I enjoyed on Kevin’s blog.
You might also like
|
|
|
|
|
Blog of The Day: A Monkey With Strong Political Views
A 29 years old, single dude from North Carolina wears a monkey suit on the web. He is a very active blogger. Currently he is active on 2 blogs. One is called The Great Monkey Suit (Warning: Site contains adult humor that may be offensive to some) And the other is Random Political Thoughts and News. Both are hosted at blogspot which indicates that the monkey suit guy is casual about his blogging and only doing it part time.
I really see bit of potential in the blog and the brand associated with it. The Monkey Wants to Fix Your PC. This tag line has a potential and if the dude plays it well, It can be next big thing is computer service industry. But as I said earlier, the blogger seems to be casual about his blogs and doing it only for the fun so for now, I’ll rather not put my money on the monkey Another strange thing that I noted is that the sites are powered by Adbrite instead of Adsense.
Here are some of my favorite posts from his political blog
You might also like
|
|
|
|
|
