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. more ›