Tuesday, April 3, 2007

Fannie Mae to shed hundreds of jobs to cut costs

(Reuters) - "We anticipate that the company will have several hundred fewer full-time employees at the end of this year," Faith said.

To complete a $6.3 billion, multiyear restatement of past earnings finished in December, Fannie Mae took on 600 additional staff and 2,000 outside contractors.


Read more at Reuters.com Government Filings News

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