Today, 07/12/17, Ditech announced that they will be closing the Irving, Texas service center to cut costs, and consolidate the 13 buildings for Ditech down to just 4. Fort Washington, and Jacksonville sites will remain due to their deep roots in the company and services that they provide. Currently, it is estimated that around 400-500 employees will be laid off this year with severance to help employees with the smoothest transition. Ditech is currently undergoing investigation on other sites with the potential of closing them down as well. As quoted by Tim Cranny of Ditech,
“Unfortunately I cannot guarantee your positions here in the Rapid City office. At all. This was not an easy choice.”
The employees of the Rapid City office wept, and were frightened about their job security.
Ditech is trying to cut back spending as they proceed to catch up to the markets, and utilize every ounce of available cutback from trashing Windows 7, to removing the ability to waive late fees.
With less than 2 and a half years to meet goal, Ditech believes it will be more cost effective to trim off sites, and hire in new agents in existing offices to help alleviate lease costs, building costs, and to bring a single building to a multipurpose level.