Countrywide Financial Corp. announced another 900 job cuts as the company slashes costs in the face of a drop in lending volumes and rising defaults.Every rumor I heard seemed to increase the number of job cuts. Nine hundred is still a large number, especially if you are 1 of the 900.
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On Wednesday, Countrywide said the 900 layoffs were mainly in its mortgage-production divisions. ...
The company's work force totals around 60,000.