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Staples cuts 500 jobs worldwide

First-quarter net income falls 6 percent

By Chris Reidy

 |  Globe Staff  

  May 16, 2012

Office supply giant Staples Inc. said Wednesday that it has cut 500 jobs worldwide as first-quarter net income fell 6 percent to $187 million. About 200 of those cuts were in the company’s operations in North America, the rest in Europe and Australia. The Framingham-based company declined to say how many cuts took place in Massachusetts. The company’s worldwide headcount is about 88,000. Total company sales for the first quarter of 2012 were $6.1 billion, a decrease of 1 percent in US dollars.

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