“Ye offspring of vipers, who warned you to flee from the wrath to come?” Luke 3:7
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A black Friday for 16,000 workers as Citi and Sun plan massive layoffs
Fri, 14th November, 2008 - Posted by
Source: BloggingStocks
The two companies announcing big layoffs: a big bank and a leading tech company that sells to banks. According to reports, Citigroup (NYSE: C) may lay off 10,000 employees — adding to the 23,000 it has already cut in the last year. Sun Microsystems (NYSE: JAVA) announced it will can 6,000 people — 18% of its work force — citing the need to “align its cost model with the global economic climate.”
Technorati Tags: Citigroup, Sun Microsystems
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Category : Economics
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