BUSINESS BRIEFING / EMPLOYMENT
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Times Wire Reports
Fewer companies in the U.S. plan to begin cutting jobs, signaling efforts to slash costs during the recession may have peaked, a private survey found.
The share of companies planning initial staff cuts in the next 12 months fell to 5% in April from 13% in February, according to a report by Watson Wyatt Worldwide Inc., an Arlington, Va., workforce consulting firm.
Of the 141 employers surveyed, 72% had already trimmed their workforces, up from 52% two months earlier.
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