Posts Tagged ‘Citigroup’

That is like a small city at this point.  How can we realize our science fiction fantasy or allegiance to corporations instead of nation states if these companies keep trashing jobs?  Please don’t let the nation of Walmart be the only option!

Fallout from the financial crisis is walloping the people on Wall Street who created it — and many who didn’t.

Citigroup Inc. revealed plans Monday to remove more than 50,000 jobs from the financial giant’s payroll in a bid to drastically reduce expenses and rebound from billions of dollars in losses brought about by the housing-market collapse and weakening economy. (LA Times)

Citigroup is planning to lay off as many as 200 people in its information technology department in Singapore, the Straits Times reported on Thursday citing sources in the bank.

The paper said Citigroup’s information technology department employs about 2,000 of the 9,000 Citigroup employees in Singapore. (Reuters)