The Register® — Biting the hand that feeds IT

Citibank, RBS and JP Morgan wield gilt edged axe

Neoc

Wrong target 

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And how many of these lay-offs will be in the we-allowed-this-mess-to-occur-in-the-first-place Management levels?

Thought so.

sidney cook

CEO's 

Stop

And what are the company’s leaders cutting back on? No bonuses, no perks I don’t think so.

How much are they paid a year and if their companies are failing why do they keep getting more money? They should be the first to take pay cuts and loose all their perks.

But wait I work for a living I don’t know enough to say what they should do. At least that is what the COO of my company says.

Anonymous Coward

Shock and awe 

Sounds like a typical 'shock' effect to me.

Corporations *say* that they are in big trouble. get £billions of your money. Then lay you off. Then you taxpayers have to pay back the loans that the govt raised to give them the billions.

Rich-> Richer

Poor -> pay for it

read some Naomi Klein people.