City Cutting Jobs and Programs in Wake of Wall Street Crisis
With Wall Street revenue dropping and no easy alternatives at hand New York City Mayor Mike Bloomberg tomorrow is expected to announce that in order to close a $4 billion budget gap the city is cancelling the police academy January 2009 class, cutting 500 jobs in parks and education, cutting back nighttime operations at five firehouses and reducing firefighter training, ABC News has learned.
In all, the city will reduce its workforce by about 3,000 jobs through attrition and through layoffs in... Full Story
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