The Global meltdown in economy resulted in large number of layoffs and many companies are still carrying on this.The Companies have no option , other than cost cutting through Layoffs.The employees are fired and even many are still in temporary postion, so that they may even have send off party soon.
The Global economy turmoil forced [...]
Archive for the ‘Economy’ Category
HSBC sacks 500 employees in Asia
Posted in Economy, tagged HSBC Cutsoff jobs, HSBC laysoff, HSBC situation worsen on November 19, 2008 | Leave a Comment »
CitiGroup to slash 50,000 jobs
Posted in Economy, tagged Citigroup cuts jobs, Citigroup in recession, Citigroup slashes 50000 jobs on November 18, 2008 | Leave a Comment »
The Global recession in economic, results in another downfall of a company.The America’s Second largest bank Citigroup has announced on monday that there will be around 50,000 job cuts around the world by next year.The company has decided to reduce its expenses and to bring down the number of employees as it was in 2005.The [...]
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