News The WaMu Job Cuts
posted by December 10 at 15:47 PMon
We just got a Slog tip that read, in its entirety:
Talk about the WaMu job cuts on slog.
Here’s Bill Virgin in the PI, two hours ago:
Washington Mutual Inc. said Monday that it is slashing its dividend and cutting more than 3,000 jobs in an effort to cope with the continuing deterioration of the national housing and mortgage market.
The Seattle Times has a slightly bigger story, including more details (the exact number is 3,150) and some employee reaction:
“We’ve heard some of the people in higher positions are losing their jobs, managers who that never would have happened to in the past,” he said. “That has us scared.”