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Nevada's unemployment rate is now at a 25-year high.
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GM--2,000 jobs cut.
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Why is it a Republican has to be the one to question H1Bs in layoffs:
These work visa programs were never intended to allow a company to retain foreign guest workers rather than similarly qualified American workers, when that company cuts jobs during an economic downturn," Grassley wrote in a letter sent Thursday to Microsoft CEO Steve Ballmer. The letter asked Microsoft to detail the types of jobs that will be eliminated and how those cuts will affect the company's H-1B workers.
"It is imperative that in implementing its layoff plan, Microsoft ensures that American workers have priority in keeping their jobs over foreign workers on visa programs," Grassley added.
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Sprint--8,000 jobs to be cut.
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Pfizer--8,000 jobs cut.
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Caterpillar--20,000 jobs cut.
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ING--7,000 jobs to be cut
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More than 71,400 job cuts have been announced today alone.
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