Recent layoffs in the workforce
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Recent company layoffs - Smithfield Foods( Sangjib Min / Associated Press )
Smithfield Foods Inc.
Announced: Feb. 17
Number of layoffs: 1,800 jobs
Reason for the cuts: It announced the closures and layoffs as part of a plan to consolidate and streamline its pork business. The company plans to save $125 million a year by 2011.