Countrywide To Eliminate Up To 12,000 Jobs

Posted on September 7, 2007 by Ilyce Glink

Countrywide Financial (CFC) released the news after the closing bell today, and everyone was wrong. Instead of 5,000, 6,000 or even 10,000 jobs being lost, CFC announced that up to 12,000 of 60,000 jobs would be eliminated in order to keep the company afloat.
That’s on top of the 1,400 jobs it had previously cut.
The real question is, what is Countrywide going to do with all of their buildings? CFC has a number of buildings spread out all over northern Los Angeles Metro Area. They won’t need as many now.

Sept. 7, 2007


Rate This Article
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...
Related Topics
.
View our other articles that are related to this post.

© Ilyce R. Glink. All rights reserved. This content may not be used, distributed, syndicated, compiled or excerpted in any medium or form without written authorization from Think Glink, Inc. For information on syndicating ThinkGlink.com please contact us.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>