More Reasons to Love the Sounders, Soccer
Seattlest Pix 09Nov20
Friendly Folk-Pop for the Kids: Hey Marseilles at Vera This Saturday
Excavator Rampage in Stanwood
Can't Miss It: Weekend Edition Nov 20-22
The Seattle Times reports that JP Morgan will lay off as many as 3,000 WaMu employees in the Seattle area, cutting the local WaMu workforce to just under a third of its former glory. Layoffs begin this week, and by December 1--in the thick of the holiday shopping season--all of the decisions will have been made about who stays and who goes. This doesn't come as a surprise, but the numbers are breathtaking and the impact on our local economy will be significant. From the Times article: "'It's pretty dire for Seattle,' said one former high-ranking executive." Brace yourselves--it's looking like a cold, lean winter ahead.
add to stumble upon
add to reddit
tweet this
post to facebookTips
Contribute
Latest Tip:
In Woodinville there's a hole-in-the-wall charcuterie named Bill The Butcher which has the most outl
[more]
just wanted to point out something not in the article - wamu employees are getting 60-days notice. though it's little consolation during the holidays, at least they'll be employed into january (depending on when notice is received)
Thanks! That's some consolation, I guess.
i believe it's the law. if 'x'% of employees are being laid off from a location, you have to give 60 days working notice. some will probably not "work" that long, but they'll get paid that long.