I know this is redundant, but there is at least 20 aricles posted all over the web about the cuts. It'll get bloody. I left in 2014 but my wife still works for PHH. She's very happy and likes the team, manager and the type of work - so I am keeping my fingers crossed for her. For me, it was a different story, and I am glad I got out when I did. I wish you all the best...
https://www.bizjournals.com/philadelphia/news/2017/08/14/phh-mount-laurel-nj-layoffs-mortgage-servicer.html
PHH: South Jersey headquarters workforce to be reduced by 700
The mortgage company said 600 of those jobs lost are due to layoffs, while about half of the total 2,250 jobs being sliced around its footprint are due to selling certain business lines earlier this year.