• 26 Feb 2009 at 4:29 PM

Layoffs Watch ’09: JPM

By

Oh hey, just messin’ with ya about those job cuts from the House of Dimon earlier. Though Bearpont Morgan Mutual said this morning that cuts from the WaMu acquisition would clock in at about 12,000 total, that number was apparently revised to 14,000 this afternoon. NBD.

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    Comments (10)

    1. 1
      Posted by guest | February 26, 2009 at 4:44 PM

      What are the ranks like at Wamu?
      How many of those 14,000 are bank tellers? Call center operators? Tech?
      What are Wamu’s non-branch groups?

    2. 2
      Posted by guest | February 26, 2009 at 4:47 PM

      @1- if you were smart, you’d understand that the cuts will not just come from WaMu. But you’re not, so oh well.

    3. 3
      Posted by guest | February 26, 2009 at 4:53 PM

      Maybe they’ll cut SOME bank tellers, but if I were them the bank tellers would not be my worry. After all, a bank teller brings in no revenue but can only lose the bank a maximum of about $14.00 an hour, give or take. That’s pretty good compared with the damage some of the i-banking and trading groups are capable of.

    4. 4
      Posted by guest | February 26, 2009 at 5:04 PM

      Being a bank teller is the new killin’ it.

    5. 5
      Posted by guest | February 26, 2009 at 5:07 PM

      Apparently only 2,000 of the cuts will be Investment Banking terrorists:
      The second-largest U.S. bank on Thursday said it now expects to shed as many 12,000 jobs from integrating the former Washington Mutual Inc (WAMUQ.PK), up from 9,200 announced in December. It also expects to cut up to 2,000 investment banking jobs.

    6. 6
      Posted by guest | February 26, 2009 at 5:46 PM

      I wonder how many JPM guys were transferred into WAMU just so they could be cut now?

    7. 7
      Posted by guest | February 26, 2009 at 6:03 PM

      WAMU is the worst name for a bank/serious business ever. It ryhmes with Shamu, the killer, but gentle whale. And it reminds me of something you’d call a super fat chick.

    8. 8
      Posted by guest | February 26, 2009 at 6:29 PM

      @7
      Brilliant!

    9. 9
      Posted by bank_teller | February 26, 2009 at 7:07 PM

      i hate you guys.

    10. 10
      Posted by guest | February 26, 2009 at 10:04 PM

      happy to see the 48th/5th wamu is becoming a chase. now i can’t take a piss without hitting a branch.

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