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Upheaval and Layoffs at the U.S. Olympic Committee

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The U.S. Olympic Committee branch in Colorado Springs has laid off 13 percent of its workforce–54 employees–as part of recessionary budget cuts, according to The Washington Post. Add to that another financial hurdle, reports the Gazette: LandCo Equity Partners, a development partnership working on the USOC’s new Colorado Springs headquarters, faces foreclosure on a nearby property.

As that all takes place, people in and around the USOC are wondering why the organizations’ board “forced” the sudden removal of chief executive director Jim Scherr earlier this month. As the Colorado Springs Independent writes, “Jim Scherr loved his job and had many more years to give the USOC. Instead, he was tossed aside without even a press conference. Just a cold news release. That’s not just wrong. It’s irrational.”

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