JP Morgan Gets Real With WaMu

The Thanksgiving holiday is over and, now it's time to get back to work. First order of business? Laying off all those WaMu employees who actually thought they would become a part of the JP Morgan Chase family.

LA Times has the full story - http://www.latimes.com/business/la-fi-wamu2-2008dec02,0,6248707.story?t…

9,200 jobs in total will be cut. 4,000 will be notified up front before the end of January, while the rest will be kept dangling and eventually axed before end of 2009.

3 Comments
 

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We're about to enter a Great Depression. Don't you want a president who's already dressed for it?

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------------ I'm making it up as I go along.

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