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.
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.
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…
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.
Blog of The Day: Kevin’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.
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 Thougths and News. Both are hosted at blogspot which indicates tha the monkey suit guy is casual about his blogging and only doing it part time.
