Sunday, June 22, 2008


Not a happy week ahead for some.

June 22 (Bloomberg) -- Citigroup Inc., the bank that's lost more than any other in the collapse of the U.S. mortgage market, plans to fire as much as 10 percent of the about 65,000 employees worldwide in its investment-banking division, the Wall Street Journal reported.

The story later uses the word "resizing," which I guess it the new "downsizing."