More lay offs in the future for Washington Mutual

Sad news for Washington Mutual employees. The bank confirmed today that layoffs are pending although the bank's spokeswoman, Darcy Donahue-Wilmot, declined to give more details. According to one Seattle WaMu employee who asked to remain anonymous, the bank's information technology department will be cut by about 50 percent.

Washington Mutual has about 4,400 employees in downtown Seattle alone and more than 6,500 in Washington state. I know there are a lot of Belltowners out there that work at WaMu. We're keeping our fingers crossed for you!