WaMu cuts 1,600 jobs

Washington Mutual announced that it will eliminate 1,600 jobs in the San Francisco area, a company spokesman said.

Employees will receive their 60-day notice December 1, according to Gary Kishner, a WaMu spokesman.

The layoffs at the company's call centers will include 1,200 from the Pleasanton, California, office and 400 from San Francisco. The work will be shifted to other facilities around the country.

After the layoffs, WaMu will still employ 11,000 people in California.

Source: CNN Money