January 24, 2008
Budget Woes Force Red Cross to Lay Off Many Employees
Faced with a budget deficit of $200-million, the American Red Cross, the nation's largest disaster-relief organization, says it will soon start laying off a large percentage of the 3,000 employees at its national headquarters.
The charity said the deficit is largely the result of expanding its staff too quickly in recent years. But former Red Cross officials say the real problem is that the organization has had trouble raising money at a time when no major disasters have attracted
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