Industry News

Countrywide plans to lay off up to 12,000 workers

Loan volume expected to decline 25% in 2008
Published on Sep 7, 2007

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by CareyBot

Countrywide Financial Corp. confirmed rumors Friday that it plans to make drastic cutbacks in its workforce, with an announcement after the close of financial markets that 10,000 to 12,000 layoffs are planned in coming months. The layoffs — which could ...