The University of Miami is preparing to lay off as many as 800 employees, roughly 8 percent of its work force, amid cutbacks in state and federal funds and payments by insurers, The Miami Herald reported. Although Miami is a private institution that often operates out of public view, it signaled its plans on a state website Tuesday because of a Florida law that requires employers to warn of layoffs that would affect 500 or more workers.
Read more here: http://www.miamiherald.com/2012/05/08/2789495/um-laying-off-800.html#storylink=cpy
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