Originations PLS sups?

Rumors...Long faces..Closed door meetings. Individual shoulder taps today? Worse?

Confirming director level cuts @ Mt Laurel - It was bloody today, good luck...

Tomorrow is going to be insane

When will the board and CEO see that they need an overhaul in all managnent levels? They have people who will not question business decacions because they are managed by fear in turn do the same thing. Good luck with the people they have left if it... — read more 

Hear tomorrow is going to be huge.

I've heard the same for tomorrow. Anyone else?

Heard layoffs coming this week. Any truth?

I hear there are people leaving with boxes in Mt. Laurel? Are there more cuts today?

Hi all - I was let go in 2013, I hear we are going through layoffs again - I have many dear friends still working at PHH and would appreciate any updates you may have

Have there been more layoffs recently?

Let go from phh. Vice President sent layoff list around for people to read then got away with apology. Employee morale down. Lots of tenure gone in a day. Their senior mgmt is out for themselves and running into the ground. Training provided was out... — read more 

I heard the layoff for December 2 has been postponed till this week. Usual for PHH to postpone the layoff so they can make sure everyone is thoroughly stressed and scared. Nothing like being fired for the holidays. Your nobody at PHH. People don't... — read more 

is it true?

Anyone able to find work yet? If do, where? Any suggestions for originations?

Was laid off Oct 3, saw it coming. Those who did not get laid off in my department were the less experienced people I had trained and mentored. People who were friends with mangement was kept.

I'm just glad they got it done and I can move on. I hated having my every move monitored like that. I know its necessary but damn.

I was laid off on Thursday 10/3. You had to be blind and dumb not to know the layoffs were coming last week. My God people Sarah Hadfield had the conference rooms booked! The same way they were booked in August. The layoff was supposed to be 9/27 but... — read more 

1 week for each year plus 1week. paid after the 60 day notice period is up. regular pay during the notice period.

@ lafingboy - what was your severance?

it had to happen. they got me yesterday. the numbers just weren't there to support the staff we had. I had an underwriter sitting near me reading books and watching TV on his phone all day for the past month. I kept busy and did all I could, but the... — read more 

No more layoffs till dec 2

No more layoffs till dec 2

Anymore layoffs reported today so far? If so, what departments? Yesterday was mostly originations.

Ongoing...

PHH Mortgage is laying off a 1/3 of its JAX work force, cutting 365 positions by December. The move, of which employees were notified Thursday, leaves about 700 workers left on the First Coast. Most of those that are being laid off work in the... — read more 

Any loan processors affected?

http://m.bizjournals.com/jacksonville/news/2013/10/03/phh-slashes-mortgage-origination.html?ana=fbk&r=full

Next layoff dec 2.....phh makes 91 bill and threatens closing the jax office .... We are victims of over paid greedy executives

13 in brands originations, a bit less than that in sales. A few underwriters.

13 in brands originations, a bit less than that in sales. A few underwriters.

how many were let go in Mt. Laurel???

how many were let go in Mt. Laurel???

Today is a sad day and morale is somber mixed with nervous. Dont know how many sales people were let go but if I had to estimate I would say 40. I believe that the majority of uw has also been let go...and if that wasn't enough there were also 2... — read more