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Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers,
compiled by the staff of Quintessential Careers.
The U.S. economy struggles and more employers announce major job cuts in a trend that
started last year.
Here is the latest news of job cuts:
- IndyMac Bancorp is cutting its workforce by 24 percent -- laying off more than 2,400 employees
- Citigroup plans to eliminate about 4,200 jobs
- Sprint Nextel announced plans to layoff "several thousand" employees (after eliminating
5,000 jobs last year)
- Bank of America is cutting 650 corporate and investment banking jobs
- Applied Materials, Inc., is reducing its workforce by 7 percent and cutting 1,000 jobs
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