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From the giant chains with thousands of employees to mom and pop shops, no business is immune from the effects of the downturn. One of the best survival strategies is engaging employees. Experts say the companies that weather the storm with their best workers fully engaged will be the ones who recover rapidly and successfully. After all, it's your employees who are on the frontline and unhappy customers can affect your business far more than economic factors you can't control.
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Microsoft delivered pink slips to 3,000 employees Tuesday, in a second round of job cuts that began in January, when the company laid off 1,400. At the time of the January cuts, the company announced it would eliminate 5,000 jobs, meaning that the software giant is approaching that goal.
While there's good, even if surprising, news from the mortgage employment sector - that hiring has shot up - persistent layoffs are outnumbered hirings, leaving a net job loss in the sector, according to MortgageDaily.com.
The U.S. Supreme Court Monday limited the use of a federal law on identity theft against people who use false Social Security numbers to get work.
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