Morgan-Walke Cuts Jobs

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Morgan-Walke Associates, New York, laid off an estimated 37 executives, primarily in its New York office.


The layoffs were a first for 19-year-old Morgan-Walke, which is owned by Britain's Cordiant. Morgan-Walke specializes in corporate communications and investor relations for pre-IPO companies in the tech, retail, healthcare, food and consumer products areas.


Poor financial performance last year and an equally dismal outlook for 2001 were reasons for the cutback.


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