Countrywide Credit Industries, battered by reduced originations and price cutting, plans to cut about' 800 jobs over the next 30 days, according to a source close to the company.

Countrywide's total employment stood at 4,066 at the end of May, according to a company spokeswoman. About 250 workers have been laid off since then, bringing current employment to about 3,800, sources said.

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