Comments on: Citigroup To Axe 53,000 Jobs Globally

Troubled Bank Will Eliminate 20 Percent Of Employees In Upcoming Quarters

[cusefan21]

Hmm interesting just wonder how many execs will go compared to all the workers making less than 50g''s a year i bet hardly any!!!!!

[tincup356]

Greed has proven to be stronger than true patriotism,members of congress have been in Washington long enough to know what was going on and they allowed it all to happen through many years of selling us the people out by passing legislation through the years they deemed would be good for the people when instead they were written to benefit the few who had paid big lobby dollars.So for one moment do I buy any of the finger pointing from one party to the next,BOTH parties are to blame .Both parties and the mindless party line voters who cannot see past their own party, and keep re electing these same crooks time after time.What is crazy is that you people think that the same idiots that brought us this disaster ...can save us ...TOTALLY INSANE.

[tawpdawg111]

Pat Robertson on Laura Ingraham today......"Look at all those faces on Mt. Rushmore ....ALL promoters of protectionist, isolationist (if you will) policies of independence and self-sufficiency."

The only voice of reason in the entire GOP. I wish Barack would listen to him.

First time I listened to Ingraham''s show without changing stations in complete disgust.

[tincup356]

If they really want to make a worth while gesture, how about during the crisis they drop their pay to the median level of their companies average salaries all the way to the bottom,they probably don''t even know the definition of humility anyway.

[tawpdawg111]

By hook or by crook, we MUST have our manufacturing back.............like............yesterday!

[tincup356]

I would almost bet if the election were to be re held for congress again...you party line voters would still trust the same people again?...probably so ..y''all will never figure out ..NEITHER party will ever represent you, their loyalty lies with where the lobby dollar comes from.

[luvcomments]

I see the Citi bunch is now expecting credit card holders to help make up the bank''s losses from making disgusting home mortgages. They''re going to help the homeowners having trouble making mortgage payments and also raise credit card interest even though they pledged not to. So, many tax-payers are getting hit in the shorts twice.

[mikezembill]

vegasresident you want it two ways the man has been there a year longer than you so you should go before him. how would you feel if they let you go and kept lets say a temp worker because he was the son of one of the top brass.

[VegasResident]

Where I work, layoffs, if done, are governed by a union contract. First go the temps and part timers and then they usually go after the management who are not governed by the contracts. If they have to layoff the contract covered workers, they do the seniority based type. The seniority based layoffs in my view are a terrible system. For example, the guy above me is 69 years old, no college, wastes his whole day and planning to retire. He has 1 year on me for seniority. I am 40 and plan on working here another 20 years, have college degrees related to my work and handle 4 times the load. In a last in first out layoff, it is my job that goes, leaving this guy to stay one more year,waste him time and then leave anyway.

[incog-nito]

Many so-called paper pushers also use something called intelligence to do their work, versus having to rely on an assembly line or a robotic device to do most of the work. Many so-called paper pushers have advanced degrees or basic college degrees, versus perhaps GED''''s or HS diplomas or no formal schooling whatsoever. It''''s rather disingenuous and arrogant to ridicule the one without also doing the same to other. What is also ironic about all of this is that all businesses were asleep at the wheel and not fully monitoring the market conditions and influences. Instead, they blindly hoped the problems would go away by covering up their respective collapse.

Posted by Credibility2 at 12:00 PM : Nov 17, 2008

The fact is decisions are still made by a very few at the very top, no matter how many people with advanced degrees are in the company, and there aren''t that many. Most people working in offices simply do administrative types of work that don''t pay very much. You would think with all the brainiacs working there they would make better business decisions, but they don''t. I''ve seen too many companies destroy themselves by a single bad decision made at the very top.

On a larger perspective, industries that produce value-added products increase the wealth of a nation. It never fails. Look at the economic growth of any country in any period, then look at their manufacturing sector.