By Rob Chrisman
Posted To: Pipeline Press
I guess it is a “new” economy? Coca-Cola has announced plans to lay off about 1,800 employees globally, in an effort to cut costs by roughly US $3 billion. Department store chains J.C. Penney is shuttering 39 underperforming stores and laying off 2,250 workers, while Macy’s announced a restructuring that will shift workers from 830 Macy’s and Bloomingdale’s stores and close 14 Macy’s stores. The moves could cut up to 2,200 employees. It is unlikely these families will be refinancing or buying a house. Ah yes, I remember when the CFPB was just a small start-up; renting office spaces in old abandoned warehouses, and paying their employees in free vending machines and ping-pong tournaments. It is all grown up now, and the Bureau has issued its fourth annual report to Congress on its workforce…(read more)
Via:: CFPB Status Reports & eRegulation Tool; AMC, Subprime News
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