Borders, Cisco Cutting as Many Jobs as the Economy Added in June

By Derek Thompson

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In June, the economy added only 18,000 jobs net. Today, Borders and Cisco announced they were cutting a combined 17,500 jobs. Uh oh. (h/t Maxwell Strachan)

This article available online at:

http://www.theatlantic.com/business/archive/2011/07/borders-cisco-cutting-as-many-jobs-as-the-economy-added-in-june/242141/