Bear said to jettison 4% of workforce
Bear Stearns will slash 650 jobs in an effort to cut costs at its investment bank, according to published reports.
The Bear Stearns Cos. Inc. will slash 650 jobs, or 4% of its workforce, in an effort to cut costs at its investment bank, according to an internal memo cited in an Associated Press report.
The New York-based investment bank said that the cuts are part of an ongoing review to "best position Bear Ste
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