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Well, they're "sorta, kinda" indexing me anyway. It's on a 24 hour tape delay or something. So I never get picked up by Memeorandum because they pull from Technorati and Technorati has stuff I posted yesterday listed as my latest blog entry. And that's old news to Memeorandum.
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#VRWC Twitter feed:
Out with the Hope And Change, in with the unemployment lines. Hey, it's what happens when you re-elect the most anti-business president in the history of the universe.
Citigroup said yesterday it will cut 11,000 jobs, in a bold, early move by new CEO Michael Corbat.
Six of Citigroup' 31 branches in New Jersey will be among the casualties, according to spokeswoman Catherine Pulley.
The branches — in Bayonne, Brick, East Hanover, Nutley, Roseland and Springfield — will close by Dec. 14.
Prior to yesterday's announcement, Citi had been consolidating operations in New Jersey. It was in the process of closing a Weehawken-based technology office and moving the office's 88 jobs to other locations, Citi spokeswoman Janis Tarter said in October.
The 11,000 cuts nationwide amount to about 4 percent of Citi's workforce. The bulk of them, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.
Citi said it will sell or scale back some of its overseas operations and focus on 150 cities around the world "that have the highest growth potential in consumer banking."
The bank, the third-largest in the country by assets, said about 1,900 job cuts will come from the institutional clients group, which includes the investment bank. The company will also cut jobs in technology and operations by using more automation and moving jobs to "lower-cost locations."
Yeah, "lower cost locations" is "places without Obamacare" and/or "places Obama can't tax". Yet.
And why is Citi losing money? Remember Fauxcahontas and her Consumer Financial Protection Board? Now with Marxist Richard Cordray driving the regulatory bus? And the clusterfuck that is Dodd-Frank? Well, when you cut off a bank's revenue stream, the bank needs to cut back. Sorry employees, sucks to be you.
This is what you turkeys voted for when you voted for Obama. Get used to it. Because the layoffs? Just started, they have.
Seen on a friend's Facebook timeline:
Know what's funnier than an Obama voter getting laid off after the election.............ha ha ha me neither....ROFLMAO
Schadenfreude is 11,000 more Obama voters having The Best Christmas Evah!
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