That's 17,000 more likely homedebtors who had the rug pulled out from under them. As we all know, layoffs only speed up the crash, and Citigroup is the #10 subprime lender. Batten down the hatches, the clouds are forming...
In the end, big companies suck. No job is safe. And Desperate Homedebtors with insecure jobs and massive ARM loans are probably thinking one thing right now during these unsettling times:
"Boy, I wish I had sold and rented."
Citigroup Inc., the nation's largest financial institution, said Wednesday it will eliminate about 17,000 jobs as part of a companywide restructuring to reduce costs and improve profit.
