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

BiiSafe Buddy Is A Bluetooth Keyfob For Item-Tracking And Location AlertsComments Off

 Finnish made BiiSafe Buddy, which was crowdfunded on Indiegogo, offers item tracking via Bluetooth and a location-sharing alerts feature geared towards families by turning the gizmo into a physical button to quickly share your location on a map w…

Buying Stuff Within A Tweet Is Reportedly Coming To Twitter Via StripeComments Off

stripe-connect Soon you’ll be able to buy something straight from a Tweet, if the rumours come true. Tech site Re/code says sources have told it that Twitter is working with payments startup Stripe on the launch of its ‘in-tweet’ commerce project. Twitter is reportedly planning to add buttons within tweets that say “Buy”, or similar, allowing users to enter payment… Read More

San Francisco Open Exchange Aims To Be The E-Trade Of BitcoinComments Off

 Y Combinator-backed startup San Francisco Open Exchange (SFOX) is an online trading platform that helps people find the best bitcoin prices at various exchanges. In other words, it would like to help you buy, sell and invest in bitcoin exchanges …

HBO’s “Silicon Valley”: Behind The SquirmComments Off

silicon-valley-hbo23-1 HBO’s “Silicon Valley” is more than your average breakout series that had audiences praying for a second season even as the credits on the pilot began to roll. The show has clearly hit a cultural nerve, both inside and outside the tech community. I talk with series co-executive producer and writer Clay Tarver on how — and why — the new hit show gets it right. Read More

Women In Tech: It’s Not Just A Pipeline ProblemComments Off

denali-pipeline Why are there so embarrassingly few women in the tech industry? Repeat after me, robotically, defensively: “It’s a pipeline problem!” So says David Cohen of TechStars, echoing many others, e.g. Paul Graham and CNN. But come on, folks. We’re kidding ourselves if we pretend that’s the only obstacle here. The pipeline problem is very real; but so is the trapdoor problem. Read More

read more
Facebook Twitter RSS


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