by Connor Dougherty
Thursday, July 21, 2011
The Wall Street Journal
Companies are laying off employees at a level not seen in nearly a year, hobbling the job market and intensifying fears about the pace of the economic recovery.
Cisco Systems Inc. (NASDAQ: CSCO - News), Lockheed Martin Corp. and troubled bookstore chain Borders Group Inc. are among those that have recently announced hefty cuts, while recent government numbers underscore how companies have shifted toward cutting jobs.
http://finance.yahoo.com/banking-budgeting/article/113169/layoffs-deepen-gloom-wsj?mod=bb-budgeting
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