Providian to downsize,again

Discussion in 'Credit Talk' started by VJ, Jan 3, 2002.

  1. VJ

    VJ Well-Known Member

    http://www.marketwatch.com/news/yho...AE4-13E1BB3ED74D}&siteid=myyahoo&dist=myyahoo
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    SAN FRANCISCO (Reuters) - Providian Financial Corp. said Thursday it will cut 800 jobs, or 6.4 percent of its work force, and take a $10 million to $15 million charge in one of the first major moves by its new CEO, Joseph Saunders.

    The struggling credit card company was one of the worst performers in the S&P 500 Index last year, with a decline of nearly 94 percent.
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    VJ
    -I can see it now
    (hello c/s???Hello???,Heeeeeeeeeeeeello?
     
  2. GEORGE

    GEORGE Well-Known Member

    NOW IF THEY WOULD STOP IGNORING "PRIME" CUSTOMERS...THEY MIGHT HAVE A JUMP IN BUSINESS!!!
     

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