Monday, November 17, 2008

6154: From The Fire Wires.


Handing out pink slips in a MultiCultClassics Monologue…

• Citigroup will dump up to 50,000 workers globally. The sun is setting on about 6,000 employees at Sun Microsystems. The U.S. Postal Service lost $2.8 billion in the last fiscal year. Sears will close seven more underperforming stores. J.C. Penney reported 3Q profits dropped 52 percent. Meanwhile, Wal-Mart announced 3Q profits rose 10 percent. Look for new store greeters to boast résumés featuring skills in financial services, computer technology, mail delivery and retail.

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