Citigroup cuts 52,000 more jobs

Citi cuts 52,000 more jobs, first initial reports of this announcement were originally 50,000 jobs, suddenly adding another 2,000 more jobs seems nonexistent. In any case, losing any job right now is incredible difficult for anyone to transition to a new profession or to simply become rehired within the same trade and at the same payscale. In the UK- layoffs are referred to as "redundancies", in U.S. some of the mass layoffs are now being referred to as such instead of the typical "layoffs" or 'fired", the semantics may differ, but the action is the same. No doubt, hard times are ahead for many, a prudent man would take this time to re-examine one's standing in life and take appropriate economic actions to mitigate the negative impacts of any foreseeable banking policies that may prove unpopular in the time to come.

1.http://www.ft.com/cms/s/0/05ce27a6-b4b1-11dd-b780-0000779fd18c.html?nclick_che­ck=1

2.http://money.cnn.com/news/newsfeeds/articles/djf500/200811171107DOWJONESDJONLI­NE000421_FORTUNE5.htm

3.http://www.usatoday.com/money/industries/banking/2008-11-17-citigroup-cuts_N.h­tm

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[PresidentOfTheBlack]

remember see so many people with their boxes