US Layoffs Down To 55% In March

This month has proved to be a little better in relevance to the unemployment rate as the layoff in US have declined about 55% in March this year, making the figure 67,000 as compared to march 2009.

Best Sustainable Jobs For 2010

Now we all know the disastrous impact the financial crisis of 2008 had on us and it’s still not over. Surprising to say it has been 2 years and career stability is still a farsighted dream for some. Employment is scarce as President Barrack Obama desperately tries to resolve the increasing 10% unemployment rate prevailing [...]

Career Tips for People 45 or Older

People who are 45 or above might be looking for changing their career or want to have an opportunity that makes them productive for society as well as for their individual lives n terms of money etc. There are three careers that people of age 45 or above can acquire these include weatherization, food saefty and health care.

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.