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Merrill to cut 10-15% of non-broker employees, reports CNBC

Thursday, April 3, 2008
Merrill Lynch is planning to cut between 10-15% of its non-broker employees, reports CNBC and Reuters. The layoffs could impact up to 7,000 employees. This is down from earlier reports circulating that up to 25% of employees could be let go. The layoffs are due to occur in May.
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