The head of HR actually said our Remote Workers are happier because they are working from Starbucks. Her comment is very telling to all you remote workers.

Does anyone else think the CTO is smarter than the CIO?

Branch closings in staten island. Sunnyside westerleigh seguine. Whats next? What are they doing to these poor people who are getting laid off?

Creating a thread since no one else has - heard it was bigger than the 700 last quarter.

Hello, I am currently interviewing at Flagstar for a Risk & Controls role in HR. This role is advertised as remote-eligible. My question is, for anyone that works at Flagstar, is there an effort at the company to eliminate remote roles? Or transition... — read more 

My manager assumes she is always correct and never looks at any detail that I present her with. It is so frustrating to the point that I am ready to walk. My hope was NYCB might assume more of the department manager roles but that hasn't... — read more 

this company is complete joke. no one knows what to do about anything. hopefully NYCB will correct this. however, they appear about as confused LOL

Flagstar Bancorp, pending a merger with New York Community Bank, did its second round of mortgage sales and operations layoffs on 4/22. Round one was late March and approx 150 employees affected. Second round was much larger. 27 loan officers gone... — read more 

What are your thoughts?

I know it's not fun to go through layoffs but many banks are cutting big time right now. I think WFB will cut 20K plus, BOFA is hitting hard, etc.

Feb 27, 2014 I was one of the employees that was laid off. What I would like to know, is why are there over 100 positions they are now hiring for and many for the positions that employees were laid off for? I know, it's to save a buck!!!

I hear we might be reorganizing

things are improving and i hope that we are done with flagstar bank layoffs. reorg again in sept 2014 or jan 2015.

So, what do we know so far, 600 people were cut, should generate 50 million in savings for the company, most of the saved money will then be redistributed to the senior executives in form of different bonuses they take every year. Michigan state... — read more 

I cam confirming that at least 6 CSRs were let go yesterday, I used to work at Flagstar but left a couple of years ago - my friends are reporting big cuts at Flagstar, CSRs are hit in the purge.

From CSrs to executives. All depts affected too, I see accountants to legal to sales. I suppose when the CEO focused half the business on mortgages, which basically is over, you're going to have to make cuts.

so, here we are, hundreds let go

All cuts in Troy?

Are you guys not tired of the cuts, we cut 1/3 of all folks last year, now 300 more, when is this going to stop.

Who's affected, numbers, locations, positions?

sad

the numbers are not good, three quarters in the row. Things will continue to go south, there is no way the interest rates will go down, and RE is becoming increasingly expensive. Flagstar was doing fine in 2012, 2013 was not good and we'll see... — read more 

Herald-Journal -Mar 1 1994 "120 Clean Their Desks in Spartanburg"

Why is FBC's board silent - we all know what's going on...

The layoffs continue - several folks were let go today (9/11/13) and we'll see more people departing next week

Got let go at Flagstar Wednesday, treated us with no respect, like we were criminals. Was told we were done had 30 mins to get our stuff and leave. Management wouldn’t look at us when announcing layoffs. They told employees that there will be no more... — read more 

Flagstar Bancorp (NYSE: FBC) announced plans to outsource the servicing of defaulted mortgages, a move that could result in the layoff of up to 300 employees. The Troy-based bank said it expects to hire a subservicer, which it didn't name, to handle... — read more 

Flagstar Bancorp Inc. (Headquarters located in Troy, Michigan) told financial analysts Wednesday that it plans to shut up to nine of its bank branches by year's end, with most of the closings likely to occur in Michigan. Layoffs will be immanent and... — read more