Working for these ENRON2008 candidates has to kinda suck.
I feel for the people losing their jobs, but WaMu should serve as a message to future generations - when you find yourself working for an unethical, corrupt, dirty company like WaMu, get your ass in gear and go find a new job.
Life's too short to work for WaMu. Or Countrywide. Or Indymac. Life's too short to knowingly enable rampant crime. Life's too short to lose your life savings on your corrupt company's crummy stock.
What we need now is a wave of whistle-blowers. Time for some heroes.
Washington Mutual cuts 1,200 jobs after big losses
Washington Mutual Inc (NYSE:WM - News) said on Thursday it eliminated 1,200 jobs, following mortgage losses that some analysts have said will keep the largest U.S. savings and loan from turning a profit before 2010.
The cuts affect roughly 3 percent of the thrift's employee base. Washington Mutual has said it ended March with 45,883 employees, down from 49,403 at year-end.
In an e-mail, Washington Mutual said it was cutting jobs that support its home lending unit, centralizing some support functions, and focusing on "mission-critical activities." It said the cuts were meant to boost efficiency and restore profitability.
At the end of 2005, well before the housing crisis began to take hold, the thrift had employed more than 60,000 people.