Will there be more layoffs in Homelending? It’s getting slow? Will there be more layoffs next week?
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I'm not sure whether we'll see any significant layoffs before the end of this year, but I fully expect 2027 to be a major year for reductions across Home Lending.
I think "being slow" is only part of the equation. The bigger drivers are cost per loan, operational efficiency, and the continued push toward automation.
Recent town halls have been fairly transparent about excess staffing capacity and ongoing efficiency concerns. Combine that with several new automation initiatives, and it's not difficult to see where things are heading. I expect Underwriting, Audit, and several Operations groups to be hit particularly hard. My prediction is a significant round of layoffs early in 2027, followed by additional reductions as automation is implemented, refined, and scaled.
The idea of "AI taking our jobs" was once treated as a distant concern, but it's quickly becoming a reality. Perhaps the most frustrating part is watching those leading these automation initiatives keep them closely guarded, with limited involvement from anyone outside their immediate circles. Whether intentional or not, they're effectively positioning themselves for job security while helping eliminate the need for others.
If you're not part of those inner circles, I wouldn't be surprised if 2027 ends with you on the outside looking in, holding a nice little severance package.
Yes and big. Jobs going to Manila and India. AI taking over underwriting and any group that audits.
Source?
Only citizens will be impacted. It's going to be bloodbath after the midterms!
Congratulations to all other nationals
Yes, a big one
@ak March 27 is on a Saturday
There will be no more layoffs for the rest of 2026. The next major round is expected on March 27.