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UPDATE 2-Lending Club names CEO, plans to cut 12 percent of its workforce

UPDATE 2-Lending Club names CEO, plans to cut 12 percent of its workforce
June 28 (Reuters) - Online lender Lending Club Corp said on Tuesday it would cut 12 percent of its workforce as loa**riginations decline and confirmed that Scott Sanborn wouldreplace ousted chief executive Renaud Laplanche.

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