Washington Mutual: 1,000 to lose jobs
Tumbling profitability, a slowdown in business in the global financial services sector and a major dip in confidence about the current turbulent market conditions have all contributed to a rise in job fears.
Washington Mutual's 'fall' too will lead to over 1,000 jobs being laid off.
Image: A man is seen through the window of the Washington Mutual building in Seattle after it was seized by the FDIC and then sold to JP Morgan Chase on September 26, 2008. | Photograph: Robert Giroux/Getty Images
Also read: What is subprime crisis? How it caused financial mayhem?
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