Wachovia is being bought by CitiGroup. A CitiGroup spokeswoman declined to speak about layoffs, but the company “expects to realize more than $3 billion of annualized expense synergies through the consolidation of overlapping functions.”
Those of you who play Buzzword Bingo know that anywhere the word “synergies” appears it is never good news. And let’s consider “consolidation of overlapping functions.” Hmm. What could this describe … let me think … perhaps … um, layoffs!?!
I feel for my friends over at Wachovia. At the same time I know I would’ve left a long time ago: corporate doublespeak and I don’t get along.
I think that I’ll try putting, “Contributed positively to corporate synergy” as the last entry in my resume…