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Layoffs, Stock Market

Washington Mutual is going to WaMu some employees

July 14, 2008

The suffering bank that has laid off 7,200 since December will try its luck with another round of firings. The company hasn’t announced any number yet, but if previous layoffs are any indicator: it will probably be around 3,000.

WaMu’s stock took a healthy crash today by losing 35% of its value. Not like they needed that $1+ billion in market cap anyway.

Posted in Layoffs, Stock Market by Jacopo Kane
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Starring: WaMu
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