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Insight

11/16/2008 12:00:00 AM

Staffs offered buyouts as companies seek to reduce costs and avoid layoffs

Staffs offered buyouts as companies seek to reduce costs and avoid layoffs

Slot machine maker International Game Technology and the University of Nevada, Las Vegas share little in common at first glance. But thanks to a struggling local economy, the two operations experienced exposure in 2008 to a growing employment trend: the employee buyout, a voluntary cousin to the layoff.

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