Thread regarding Fifth Third Bancorp layoffs

The company laid off about 2/3 of their mortgage staff on 04/28/22. They blamed it on market conditions, which resulted in lower application volume. This is after announcing the company had breaking record profits for 2021. The company is very toxic, favoring friends and family within middle-management to upper-management roles, while putting pressure on their lower rolled staff to produce. The company was not prepared to handle the back log of volume, due to COVID in 2020, which carried through 2021. They claim to be competitive with their starting base pay, offer bonuses for performance, which is very far from the truth. They are very slow to promote within, very slow to provide additional training to allow their staff an opportunity for higher roles, and put unrealistic expectations on their staff.