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Job Layoffs

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Pratt & Whitney Will Cut Some Jobs To Lower Costs, 'Streamline' CT-Based Company Pratt & Whitney Will Cut Some Jobs To Lower Costs, 'Streamline' CT-Based Company
Pratt & Whitney Will Cut Some Jobs To Lower Costs, 'Streamline' Ct-based Company Jet engine manufacturer Pratt & Whitney announced on Wednesday, Jan. 29, that the company would shed jobs as part of a restructuring and to save costs.  The company did not say how many people would lose their jobs, but some of the positions cut would be at the East Hartford facility.  "To ensure we are best positioned to address our customers’ most pressing needs now and into the future, we are taking actions to reduce overhead costs and streamline our organizational structure," the company said in a release. "This includes conducting a small reduction of salaried positi…

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by Josh Lanier
Business
Goldman Sachs To Fire Over 1,300 Workers, Report Says Goldman Sachs To Fire Over 1,300 Workers, Report Says
Goldman Sachs To Fire Over 1,300 Workers, Report Says New York City-based multinational investment bank and financial services company Goldman Sachs plans to lay off over 1,300 employees, according to a report by The Wall Street Journal. The move is part of an annual review process that culls low performers, the report said, noting the numbers of those getting fired may wind up being as high as 1,800 out of the company's global workforce of around 45,000. The layoffs have already started and will continue through the fall, according to the report. Click here to read the complete Wall Street Journal report.

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by Joe Lombardi