As rumored earlier, the nation’s largest food maker has announced that it will be slimming down the company by 400 positions in North America.

Company blowhard Renee Zahery had this to say:

“We looked at eliminating jobs as a last resort.”

Fortunately for Renee, the job of Kraft apologist wasn’t cut.

Further coverage:

• Yahoo Finance: Kraft to cut 400 jobs in North America to lower costs; layoffs to affect all positions
• Chicago Tribune: Kraft Foods to announce layoffs
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Read more on Kraft Foods at Wikinvest