Washington Mutual Laying Off 120

The fallout from the subprime mortgage lending market continues in California as the East Bay Business Times (Pleasanton, California) reports:

• "Washington Mutual, whose Long Beach Mortgage unit is a leading subprime lender, is closing its fulfillment office ... in Dublin. The move will affect 120 workers, who were notified of the layoffs on June 1, according to WaMu spokesman Tim McGarry. The layoffs do not affect WaMu's larger operations in Pleasanton. "We are reducing overall staff in response to overall demand," McGarry said. The work will be transferred to a similar facility in Anaheim."

For more, see WaMu lays off 120 in Dublin.