About a third of IT staff were let go in mid-April to bring in TCS for resource management. Management insists it’s not about cutting costs, but no one’s convinced.
Layoffs Coming
Hearing a small round coming. Largely out of HQ- more mortgage but others as well.
25% cut in mortgage
We were just informed of a 25% cut in back office mortgage positions. No sales positions affected at this time.
RIF coming on 9/14/20
Several colleagues will be separated on 9/14 ahead of the 9/17 deadline for those offered voluntary retirement packages. Not sure of percentage of exact number. Large budget cuts will follow as interest rates stay near 0 at the federal level until... — read more