Wachovia to lay off 6,350 people

[w¡n9Nµ7 §£@¥€r 123]

Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.

...

"These bottom-line results are disappointing and unacceptable," Chairman Lanty Smith said in a statement. "While to some degree they reflect industry headwinds and weaker macroeconomic conditions, they also reflect performance for which we at Wachovia accept responsibility."

http://biz.yahoo.com/ap/080722/earns_wachovia.html

[Trumplestiltskin 5,791]

Wachovia Corp. lost $8.86 billion in the second quarter, and said Tuesday it was slashing its dividend and cutting 6,350 jobs after losses tied to mortgages soared.

...

"These bottom-line results are disappointing and unacceptable," Chairman Lanty Smith said in a statement. "While to some degree they reflect industry headwinds and weaker macroeconomic conditions, they also reflect performance for which we at Wachovia accept responsibility."

http://biz.yahoo.com/ap/080722/earns_wachovia.html

I always becomes We when talking about the job losses of others. Will Chairman Lanty Smith still be running the show after this?

[w¡n9Nµ7 §£@¥€r 123]

Lanty Smith was interim CEO before, now he is just Chairman... whatever that means.

http://uk.reuters.com/article/governmentFi...937999120080710

[snz1802 0]

hey guys

i work for bank of america as a teller this is scary situation, you never know who will be next ,things here arnt looking good ........... zack

Lanty Smith was interim CEO before, now he is just Chairman... whatever that means.

http://uk.reuters.com/article/governmentFi...937999120080710

[almaty 19]

terrible.....and sad for the folks getting laid-off