Posted on 02/25/2014 8:53:01 AM PST by SeekAndFind
And more layoffs here:
IBM Employees Fear Company Will Begin Up To 13,000 Layoffs Tomorrow
http://www.businessinsider.com.au/ibm-layoffs-expected-2014-2
and here:
U.S. Steel announces layoffs
http://chronicle.northcoastnow.com/2014/02/25/u-s-steel-announces-layoffs/
and here:
Barclays Cuts Up to 12,000 Jobs as Quarterly Profit Falls, Pays Bigger Bonuses
http://uk.reuters.com/article/2014/02/11/uk-barclays-earnings-idUKBREA1A08O20140211
i wonder if this is related to the 3 top jp morgan bankers that kill themselves... two of them jump off the hq, (one in hong kong, one in london)
People have been wondering themselves.
See here:
What’s up with the recent rash of banker suicides?
http://theweek.com/article/index/256560/whats-up-with-the-recent-rash-of-banker-suicides
and here:
Why Wall Street Bankers Commit Suicide
http://www.businessinsider.com/why-wall-street-bankers-committ-suicide-2014-2
This must be why hussein calls this the “year of Action”.
Headcount reductions do not necessarily indicate layoffs. You can let contractors go - sorry, we are not renewing your contract. You can reassign employees to areas that need people. Or you can just not fill vacancies as they occur, or declare that you will not be filling vacancies that have already happened.
Actually everybody that could refinance did...
RE: You can reassign employees to areas that need people.
I don’t think these are considered or counted as layoffs. I’ve been reassigned several times to other areas of our business, I still have a job.
RE: This must be why hussein calls this the year of Action.
I think to Hussein, this is good news. They are now free of “job lock”... free to pursue their passions like write poetry or paint.
My guess is that as the WAMU (washington mutual) portfolio is wound down, these people are getting fired.
In 2009, WAMU was about to go belly up and bring the financial house down and fdic “asked” JPM to acquire it.
But the government says we are in recovery.
What is one to believe? The govt or their own lying eyes?
RE: My guess is that as the WAMU (washington mutual) portfolio is wound down, these people are getting fired.
What about Bear Sterns, New York based global investment bank and securities trading and brokerage firm?
JP Morgan acquired them for r $10 per share, a price far below its pre-crisis 52-week high of $133.20 per share.
RE: But the government says we are in recovery.
The stock markets are up aren’t they?
Ridding themselves of deadbeats and dead wood its about time. Sadly I need to add sarc/ tag
There’s no such thing as new world order.
This is all a coincidence. /sarc
That was in 2008. It is hard to keep up with the bailouts.
Rates are up about a point from the bottom.
Re-fis are dead for now.
A lot of the sales currently are cash deals.
So no surprise at this news at all.
I wait in anticipation of the bad poetry, crummy zither music and bad novels they might produce. However, they ARE free of the dreaded “job lock”. What a country.
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