Today Us Bank Home Mortgage gave 216 employees on the call a 45 days left notice!! It’s beginning
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Mortgage has always been and will always be a cyclical business. When rates drop at some point and there's a surge in consumer demand, there will be hiring. When demand drops off due to high rates and/or high real estate prices, all mortgage lenders reduce their workforce. Su-ks if you work in mortgage, but it has always been this way.
What did I miss? Was this the "resiliency" meeting?
216 out of how many?
I’m sorry. I hope everyone finds something new and better than this. Our management doesn’t care and it shows. Basically every week is layoffs.
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