Thursday, June 19, 2008 - Page updated at 12:26 PM
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Washington Mutual cuts 1,200 jobs
Washington Mutual Corp. is cutting 1,200 jobs nationwide.
Washington Mutual Corp. is cutting 1,200 jobs nationwide.
The country's largest thrift, hit hard by turmoil in the mortgage and credit markets, said Thursday that some layoffs will be in its home loan business. Home loans workers at WaMu have been the target of recent layoffs as the company has stopped offering subprime mortgages and other risky loans.
WaMu says eligible laid off employees who don't find other jobs inside the company will receive severance and job placement assistance.
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