- The Washington Times - Wednesday, March 18, 2009

COLORADO SPRINGS, COLO. (AP) - The U.S. Olympic Committee has laid off 54 employees as a key part of its plan to trim its budget by 5 percent to deal with rough economic times.

The layoffs announced Wednesday equal 13 percent of the USOC work force and will come at every level, including senior management, according to a news release sent by the federation.

The USOC’s goal is to trim its 2009 operating budget from $142.6 million to $135.5 million. Layoffs will affect the USOC’s main operation in Colorado Springs, as well as offices in Lake Placid, N.Y. and Chula Vista, Calif.

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