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Published February 26, 2009 at 12:04 PM
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 The U.S. Labor Department announced 5.112 million Americans, a record number, are receiving unemployment benefits. Around 114,000 jobs were lost by Feb. 14. Initial claims for state unemployment insurance benefits increased to a seasonally adjusted 667,000 in the week ended Feb. 21, according to CNBC. Many of the layoffs were in the finance industry, and unfortunately for bankers the layoff announcements keep piling up. Here's the latest layoff rumors and reports.
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- J.P. Morgan Chase & Co. (NYSE:JPM) is axing 12,000 jobs, mostly from its acquisition of Washington Mutual.
- Cuts continue at struggling Bank of America Corp. (NYSE:BAC), with associates in high-grade capital markets the latest to receive notices. Analysts are on the block now through March, and VPs could get the axe in May, according to Dealbreaker. Meanwhile, BofA concluded another round of cuts at its downtown Milwaukee commercial banking office where at least five people were laid off, according to the Milwaukee Business Journal.
- San Rafael, Calif.-based WestAmerica Bancorp (NASDAQ:WABC), a Northern California institution with 86 branches, reportedly laid off more than three dozen former
County Bank workers.
It's rough out there, but there are jobs. For instance Fidelity Investments plans to add another 80 jobs this year across various businesses. For the latest job postings, check out TheDeal.com's Career Center. For a roundup of all of the announced layoffs to date, check out The Deal's Pink slips on Wall Street Dealwatch or any of the links below. Also feel free to leave us any layoff tips or rumors you are hearing. - Maria Woehr
Also see:
Finance Layoffs: Goldman, Merrill and Capital OneFinance Layoffs: RBS (LON:RBS), BofA (NYSE:BAC) and moreFinance Layoffs: Citi, BofA, Huntington and moreFinance Layoffs: Barclays, BofA and moreLayoff Watch: Morgan Stanley, DLA Piper and more
Finance Layoffs: UBS, Bank of America and more
Finance Layoffs: State Street, BofA and more
Finance Layoffs: Goldman, Morgan Stanley, BofA, more
Finance Layoffs: Northern Trust, First National Bank and others
Finance Layoffs: BofA, Comerica, State Street and more
Finance Layoffs: Cerberus, BofA, J.P. Morgan and more
Finance Layoffs: Wells Fargo, BOA, Barclays and more
Finance Layoffs: Bank of America, Fidelity, Carlyle and more
Pink slips on Wall Street
Finance Layoffs: Barclays, Sun Capital, Wells Fargo and more
Finance Layoffs: Barclays, Citadel, Bank of America and more
Finance Layoffs: Schwab, BOA, Northern Trust and more
Finance Layoffs: BlackRock, BOA, Blackstone and more
Finance Layoffs: UBS, Citadel, GE Antares and more
Bank Layoffs: Credit Suisse, State Street, Carlyle and more
Merrill Grinch: Layoffs and other bad tidings before Christmas
Bank layoffs: J.P. Morgan, Goldman Sachs, Standard Chartered and more
Layoff roundup: WaMu, Barclays and BoNY
The latest layoff roundup: Citigroup, J.P. Morgan, Nomura, Fidelity, HSBC and more
More bank layoffs announced
Another round of bank layoffs
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