Lehman Brothers (LEH, Fortune 500) already announced last week that it was cutting 1,500 jobs in an attempt to right itself. But now, as the troubled investment bank reportedly hunts for a buyer, experts predict many more layoffs ahead. This would add to the the tens of thousands of layoffs that have already occurred this year on Wall Street.
But, but, but the economy is basically sound - this is just an anticipated correction - Senior Busch Administration Saurce
Friday, September 12, 2008
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