6 Months and 52000 Lifes at stake

This Title looks like name of a movie...But its not,Its about the great global financial crisis where we saw the financial services giants had to shutdown their doors the same is mounting over the financial service giant"CITIGROUP". The company has plans to chuck out 52000 sorry life's in phases over next 6 months.The Indian born President Vikram Pandit of Citibank reveals that by slashing 52000 jobs the company will save almost 20% of expenses. The present head count of company is somewhere around 3,52000.The company officials expect that by reducing the head count less than 3,00000 the expense saved would be around 50 million dollars.

I wish all the citibank employees "Try to relax and enjoy the crisis".