5,000 Layoffs Reported

WARN filings are required at least 60 days ahead of planned layoffs involving at least 50 employees.

Chase Home Lending reported in a WARN notice that it laid off 58 San Ramon, Calif., employees on Dec. 5.

Chase parent JPMorgan Chase & Co. said in December that it planned to layoff 300 Melbourne, Fla., employees this month.

Washington Mutual, which was acquired by JPMorgan on Sept. 25, 2008, laid off 51 people in Chatsworth, Calif., on Dec. 31. The layoffs were originally reported in October 2008.

JPMorgan advised 10,000 WaMu employees last month that their positions would be eliminated this year. At least 3,400 of those job cuts will occur in Seattle, Wash., this month, a WARN filing with that state’s Employment Security Department said.

Bank of America Corp. notified the Pennsylvania Department of Labor and Industry that it laid off 109 employees on Oct. 8.

Genworth Financial said last month that it would eliminate around 1,000 positions of its 7,300 positions. This and other strategic moves by the parent of Genworth Mortgage Insurance Corp. are expected to cut pretax operating expenses by roughly $125 million annually.

“Genworth expects to record a pretax non-operating charge of approximately $45 million in the fourth quarter of 2008 for severance, outplacement and other costs associated with the plan for workforce reduction and other restructuring actions,” the announcement said.