Texas Bankruptcy Laws

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January 15th, 2008

Mortgage lender announces cuts (Daily Press)

Mortgage lender IndyMac Bancorp Inc. said Tuesday it will slash its work force by 24 percent, laying off 2,403 employees in a bid to cut costs as it tries to weather the worsening housing slump and sagging demand for home loans. The job cuts include a significant reduction in temporary vendor staffs, mainly in India, the Pasadena, Calif.-based company said. The latest round of layoffs follows a …

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