El Pinko
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Sun Apr-20-08 10:59 AM
Original message |
Wall St. braces for thousands of pink slips |
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http://www.reuters.com/article/ousiv/idUSN1827726720080418Wall St. braces for thousands of pink slips Fri Apr 18, 2008 5:54pm EDT
NEW YORK (Reuters) - Citigroup Inc, Merrill Lynch & Co and Wachovia Corp this week announced 12,400 job cuts, and the number of pink slips is likely to rise as losses mount and the economy works its way out of its malaise.
So far this year, 36,000 job cuts have been announced in the U.S. financial services sector, according to job placement consultancy Challenger, Gray & Christmas, Inc. The figure does not include Citi's announcement on Friday to cut another 9,000 jobs.
Job losses will surge well beyond the current level, given that the latest data does not account for widely expected cuts among the 14,000 employees at Bear Stearns Cos following the investment bank's pending takeover by JPMorgan Chase & Co.
The cuts will have an oversized impact on New York City, whose fortunes are closely tied to Wall Street. Everything from Manhattan real estate prices to high-end restaurants and private car services could come under severe pressure, as highly paid investment bankers and traders face job losses.
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lame54
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Sun Apr-20-08 11:10 AM
Response to Original message |
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NOFX LYRICS
"Pimps And Hookers"
give it up for workin stiffs and those who sell their bodies,time and future the popular people who can shout and spread a catchy rationalization lets give a cheer for androids, robots, servants and their masters "blind leading the blind" and "slavery is freedom" starts to resound everyone knew madison she came to hollywood a couple buttons short couldnt keep her story straight she had a drawer full of poisons, punctures, pictures of victims
of course someone asks are they still victims if they never realize it? go ask a PA minor breathing blackness smoking 3 pack camels loyal americans who love their collar colored for 40 hours a spade is still a spade, a collar is still a collar whether it be blue or white its still around your neck, the silk leash nice and tight your wife helped pick it out the irony is that your worked 3 hours for it you wish you could ignore it
you're a hooker.
start to realize its true they sniff their coke you huff your glue pimps and prostitutes buisnessmen in monkey suits on their knees licking corporate boots suckin up jumping through hoops pimps and wall street ho's work the street in business clothes blows jobs, rimming, sucking cock,
they're getting laid while you're getting laid off.
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Subdivisions
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Sun Apr-20-08 11:16 AM
Response to Original message |
2. "...the economy works its way out of its malaise."? |
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So, they're going to continue to try to convince us the economy has reached a bottom?
Yeah, right.
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Mika
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Sun Apr-20-08 11:29 AM
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3. Getting fired and having no paying jobs isn't a malaise. Its a catastrophic depression. n/t |
Vincardog
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Sun Apr-20-08 01:33 PM
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4. The U.S. financial services sector has been rewarding companies for dumping jobs |
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for the last 20 years. I am soooooooo sorry for the parasites.
Goose meet gander.
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DU
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Fri Apr 19th 2024, 07:30 PM
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