I mean, these are people too. With McMansions, and big mortgages, and vacation homes, and massive lease payments, and huge credit card bills, and horrific private school tuitions, and Nordstroms cards, and, well, TONS of monthly expenses, helping fuel the world economy.
So shouldn't we have a heart? Shouldn't we feel bad these folks are getting shown the door?
It's everyone for himself when the sh*t hits the fan unfortunately. And I don't think there's gonna be a lot of pity for the investment banker / REIC crowd when they get served their slice of humble pie. Nope, I don't think there's gonna be a lot of pity. What a pity.
New York City-based Citigroup may soon layoff as many as 45,000 jobs in an effort to cut costs, CNBC reported Monday.
"We are engaged in a planning process in anticipation of our new CEO and our business heads are planning ways in which we can be more efficient and cost effective to position our businesses in line with economic realities," Citigroup said. "Any reports on specific numbers are not factual."