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Monday, November 17, 2008

Giant bank to axe thousands of jobs





Nov 17 2008 Best-Mortgage-Companies.com

J.P. Morgan is planning to cut thousands of jobs across its worldwide operations. So is Citigroup, which is having a meeting this morning to pare about 10% of its workforce.

Lay-offs in the financial industry are not only happening in the United States but also across Europe.

Definitely, the US recession is spreading to the world.

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1 Comments:

At November 18, 2008 at 12:19 AM , Anonymous Elisheva Wiriaatmadja said...

Be prepared, it will get worse.

 

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