Citigroup mayoffs inspire confidence ---- NOT

If Citigroup lays off 52,000 employees, either:

(a) they didn't need them in the first place, which gives me NO
confidence in Citigroup management, or

(b) they don't have enough work coming in to keep 52,0000 employees
busy, which gives me NO confidence in Citigroup, or

(c) if they do have lots of business to transact, witrh 52,000 FEWER
EMPLOYEES they obviously can't handle the work I want, so I'd
definitely put my financial business elsewhere.

If the only net result is that Citigroup shares rise in value, then
along with 52,000 laid-off people I say NUTS to Citigroup ---
presumably their shares would go even higher if they laid-off everyone
but the CEO --- hey what a neat idea.

It's a long time since corporate capitalism made sense to ordinary
people who work for their living.