Layoff Watch: 11,000 From GE (GE)?

Posted: January 16, 2009 at 2:03 pm

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According to Bloomberg, GE (GE) may layoff as many as 11,000 people at its financial unit.

"General Electric Co.’s finance arm may cut 7,500 to 11,000 jobs, or at least 10 percent of its workforce, because of the global financial slump."

Douglas A. McIntyre

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