November 28, 2007

Bear Stearns to cut 650 jobs globally (Reuters)

The Bear Stearns logo outside their headquarters in New York, July 18, 2007. Bear Stearns said on Wednesday that it would cut 650 jobs -- 4 percent of its global work force -- as the investment bank seeks to lower costs after losing bets on risky subprime mortgages. (Shannon Stapleton/Reuters)Reuters – Bear Stearns Cos Inc is
cutting 650 jobs or 4 percent of its global workforce as the
investment bank seeks to lower costs after losing bets on risky
subprime mortgages.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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