Slog - Comments on It's Started http://slog.thestranger.com/2008/11/its_started This, of course, was inevitable: Formal notices won't be going out until Dec. 1, but some employees of the former Washington Mutual banking operations already are being told informally they'll be among those laid off by the bank's new owner, JPMorgan Chase. Employees in such groups and departments as human resources, legal, risk management, fraud management and compliance have been advised by supervisors that they'll be getting layoff warning notices, and some have even been told not to show up for work between now and Dec. 1. JPMorgan Chase isn't saying how many have been told informally or how many... Copyright 2008 Tue, 11 Nov 2008 14:12:39 -0800 Tue, 11 Nov 2008 16:05:40 -0800 http://www.movabletype.org/?v=3.34 http://blogs.law.harvard.edu/tech/rss Comment by Vince It occurs to me that the U.S. Government is involved in this merger. How many overpaid execs are keeping their jobs?

]]> Vince http://slog.thestranger.com/2008/11/its_started#c1202251 http://slog.thestranger.com/2008/11/its_started#c1202251 City Tue, 11 Nov 2008 14:24:00 -0800 Comment by stealingzen Keeping their jobs? Probably about half, I would assume. How many of those cut loose and land on a big pile of their already-accummulated wealth? All of them.

Kerry Killinger has disappeared off the face of the earth with his pockets stuffed with money the taxpayers had to backfill; I don't expect the rest of the bailout execs will be much different.

Bastards.

]]> stealingzen http://slog.thestranger.com/2008/11/its_started#c1202287 http://slog.thestranger.com/2008/11/its_started#c1202287 City Tue, 11 Nov 2008 14:41:51 -0800 Comment by monkey Yeah, where did Kerry K go anyway? I'd like to send him a Christmas card.

]]> monkey http://slog.thestranger.com/2008/11/its_started#c1202314 http://slog.thestranger.com/2008/11/its_started#c1202314 City Tue, 11 Nov 2008 14:55:38 -0800 Comment by very few There aren't a lot of overpaid execs keeping their jobs - what, you think jpm didn't have execs of their own that they liked better? If I had to guess I'd say around 20% of the upper few levels stuck around. Many parts of their contracts weren't honored either, so they got screwed out of a fair amount of severance. JPM has been very fair to the rank and file workers though.

]]> very few http://slog.thestranger.com/2008/11/its_started#c1202344 http://slog.thestranger.com/2008/11/its_started#c1202344 City Tue, 11 Nov 2008 15:09:55 -0800 Comment by jaaaaaaaaay! Oh, I think it was evitable.

]]> jaaaaaaaaay! http://slog.thestranger.com/2008/11/its_started#c1202368 http://slog.thestranger.com/2008/11/its_started#c1202368 City Tue, 11 Nov 2008 15:24:40 -0800 Comment by The Artist Formerly Known As Sigourney Beaver I spoke with one of the branch managers in San Francisco shortly after the takeover was announced. He said layoffs were more likely to hit the east coast since that's where JP Morgan Chase has most of its workforce. One of the reasons they decided to acquire WAMU was to gain a footprint out west. He thought most of the folks who work at WAMU branches in WA, OR and CA would keep their jobs and just wear a different uniform. As for the upper management folks in Seattle, he couldn't say.

]]> The Artist Formerly Known As Sigourney Beaver http://slog.thestranger.com/2008/11/its_started#c1202408 http://slog.thestranger.com/2008/11/its_started#c1202408 City Tue, 11 Nov 2008 15:49:21 -0800 Comment by NapoleonXIV Let me know when it starts depressing the commercial real estate market. My office lease is up for renegotiation in March.

]]> NapoleonXIV http://slog.thestranger.com/2008/11/its_started#c1202424 http://slog.thestranger.com/2008/11/its_started#c1202424 City Tue, 11 Nov 2008 16:05:40 -0800