JPMorgan Chase has announced it is set to cut 9,000 Washington Mutual jobs, or 20% of its workforce. These new cuts are on top of 1,600 job cuts JPMorgan announced last week. The company said 3,400 of these jobs will be lost in Seattle, and the rest from its worldwide operations. 4,000 cuts will begin in Jan 09 and the rest throughout the year. The remainder 5,000 odd workers will receive double their annual salaries when they’re laid off. JPMorgan Chase purchased Washington Mutual for $1.9 billion under a US fed arrangement during the prime of the financial crisis. JPMorgan shares are down 17% after closing today after the news.

In other news, there are yet more job cuts.

Carmaker Aston Martin has announced it is going to slash 200 jobs at its plant in Warwickshire.

The Switzerland Credit Suisse Investment Bank has also announced it too will slash 650 jobs in the UK.

And the UK’s largest bank, HSBC, said it will slash 500 jobs throughout the UK.