Another big wave of layoffs today update 3
Previous post: LAYOFF LIST GROWS EVEN MORE FROM YESTERDAY (DAILY UPDATES) 2
Citigroup has begun big layoffs and is expected to cut at least 10,000 jobs around the globe, a published report said Friday.
Citi’s global staff stands at about 352,000 now, and the firm has a target to trim that to about 290,000 by next year, the report said, citing a person familiar with the company’s plans.
In October, American Express announced major layoffs, unveiling plans to slash 7,000 jobs.
The Santa Clara, Calif.-based company said in a statement that it will lay off between 15%-18% of its work force - about 5,000-6,000 workers - in a move to save as much as $800 million a year.
WASHINGTON (MarketWatch) — First-time filings for state unemployment benefits hit their highest level since September 2001, rising to 516,000 in the latest week, a further sign of how the U.S. labor market’s struggling, the Labor Department reported Thursday.
http://www.marketwatch.com/news/story/Initial-jobless-claims-top-500000/story.aspx?guid=%7B37B09ED8%2DAB10%2D466D%2D8510%2D06F8EB7201FC%7D
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Stumble It!
November 14th, 2008 at 11:48 am
As employees are handed pink slips, an employer like a bank or a brokerage (Citi, AmEx) may be prudent to retain their e-mail records. The records are a valuable asset to the employer, relating to intellectual property, project management more. –Ben http://legal-beagle.typepad.com/wrights_legal_beagle/2008/10/retain-e-mail-of-former-employees.html