Friday, February 27, 2009

Filled Under:

JP Morgan to trim 12,000 from WaMu headcount

JPMorgan Chase and Co. said today that it will eliminate about 12,000 jobs as it folds in the operations of recently acquired Washington Mutual. The New York-based bank said it expect to save about $1.35 billion from the cuts.

JPMorgan acquired the assets of Seattle-based Washington Mutual, the largest bank ever to fail in US history, at the end of September. It was not announced where the cuts will be made. Washington Mutual has a major presence in Oregon.

0 comments:

Post a Comment

Blog Archive