GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Citibank to lay off another 50,000 people and unemployment can hit 9%

kane · 11-17-2008, 05:27 PM

If it helps I think the Citi layoffs are worldwide so it won't be too big of an impact on any one area. I would venture to guess most of those jobs are in third world countries and are service and support type of jobs.

DHL just shut down its US operations and closed up a shipping center that is the main employer of a town of 12,000. Of the 12,000 people in that town 4,000 of them worked in that shipping center. The rest pretty much worked in the stores and businesses in that city and were supported by the workers in that shipping center. There is a very real chance that town will become a ghost town. It is out of the way so other jobs are not easily gotten and with a flood of people hitting the job market it will over saturate what few other jobs there are. It is crazy to think that one company had that much impact on the lives of those people.

11-17-2008, 05:27 PM
kane Too lazy to set a custom title Join Date: Aug 2001 Location: portland, OR Posts: 20,684	If it helps I think the Citi layoffs are worldwide so it won't be too big of an impact on any one area. I would venture to guess most of those jobs are in third world countries and are service and support type of jobs. DHL just shut down its US operations and closed up a shipping center that is the main employer of a town of 12,000. Of the 12,000 people in that town 4,000 of them worked in that shipping center. The rest pretty much worked in the stores and businesses in that city and were supported by the workers in that shipping center. There is a very real chance that town will become a ghost town. It is out of the way so other jobs are not easily gotten and with a flood of people hitting the job market it will over saturate what few other jobs there are. It is crazy to think that one company had that much impact on the lives of those people.