Startup NYC: Citi Lays Off 11K Finance Employees, Thinkful Tries To Get Them Hired In Tech

Screen shot 2012-12-05 at 2.41.56 PM

Citigroup took a big hit yesterday, as its new CEO Michael Corbat announced the company’s intention to lay off 11,000 employees and “pull back in emerging markets” in an effort to cut costs amidst challenging times for big banks. According to Bloomberg, this represents a 4.2 percent reduction of Citi’s total workforce and hits hardest in trading, investment banking, and transaction services groups, which alone will shed nearly 2,000 jobs. Consumer banking, at large, will ...

Read the source article

Other articlesgo to homepage

Gillmor Gang: Room to GrowComments Off

Gillmor Gang Artcard The Gillmor Gang — John Borthwick, Robert Scoble, Dan Farber, John Taschek, Keith Teare, and Steve Gillmor. Facebook’s Rooms iOS app, Twitter’s Fabric platform , Google’s InBox, a big Microsoft quarter, and the refactoring of TV.
An @borthwick tweet turned into viral on boarding turned us into believers — of what we’re not sure: Instagram for Adults… Read More

11 TechCrunch Stories You Don’t Want To Miss This WeekComments Off

 As we return from Disrupt London, we give you the stories you won’t want to miss from the past week (10/18-10/24). 1. Josh Constine wrote a long form piece called “Inside The Spotify – Echo Nest Skunkworks” about the future of Spotify and what it will take for them to win the music streaming race. 2. Columnist Jon Evans explored the concept of Developaralysis:… Read More

Google’s New Skybox For Good Program Gives Real-Time Satellite Imagery To Non-ProfitsComments Off

 On the heels of acquiring satellite startup Skybox in August, Google and Skybox have announced the Skybox for Good program, which will provide real-time satellite imagery to organizations and programs that save lives, protect the environment, pro…

U.K. Startup Swytch Is Building An App To Open Up The ‘Burner’ Phone Number MarketComments Off

Swytch U.K. startup Swytch — founded in April this year — is bootstrapping a cloud based mobile network and dialer app that will let you use multiple phone numbers on a single SIM, so doing away with the hassle of juggling multiple physical SIM cards. Read More

Bitcoin 2.0: Sidechains And Ethereum And Zerocash, Oh My!Comments Off

 Strange, interesting, and wildly ambitious things are afoot in the world of Bitcoin and blockchains. I give you Zerocash, a completely anonymous currency; Ethereum, an blockchain platform designed to decentralize much of the Internet; and Sidecha…

read more
Facebook Twitter RSS

855-200-1776

Ext. 1 - Leave a Message Line |Ext. 2 - Join us On-Air |Ext. 3 - Business Office | Ext. 4 - Sales |Ext. 6 - Small Business RX

support@am1100theflag.com

AM1100 The Flag

The 50,000 watt blow torch of the prairie: AM1100 The Flag. Proudly owned and operated by the Bakken Beacon Media network.
Prize Disclaimer