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June 20, 2008

WaMu Drops Ax Again, Cuts 1,200 Jobs


Washington Mutual plans to lay off workers in its mortgage business as part of a new round of job cuts that will impact 1,200 employees across the board. The Seattle-based company has already eliminated more than 3,500 jobs this year.

Posted by S. Germain at June 20, 2008 08:09 AM

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