Industry News

IndyMac Bancorp announces 2,400 layoffs

CEO predicts another 500 to 1,000 job cuts needed
Published on Jan 16, 2008

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IndyMac Bancorp Inc. said Tuesday it would cut 24 percent of its staff — some 2,403 workers — and forecast that 2008 loan volume will fall to $43 billion, or less than half the business the alt-A lender did two ...