I am so sorry for those affected today. Does anyone know how many and from what areas?
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HL at 900 in Feb 🥶
My whole team was axed. That d-mb new processing manager who started a couple of months ago turned out to be Charlie’s ax man. We got the invite at11 30 for a 12 call. He read his script and told us we had until 2 to get online and take care of things. All access cut off at 1 30. They care nothing about anyone. People on our team were 20 plus years of dedication kicked out like dogs.
I know of 10 in a tech production support team, some in hubs/not in hubs and some that had good reviews the past several years.
@1pxe+1lwayoQy
Network Services..... I'm sure the number is higher...hope to learn more about the huge head count cut when the dept head leads an all meeting this morning... tho none of that info is really shared.
Is NS an acronym for Network Services or Network Security?
could be more, but 40 in NS TI org. I don't think they're done yet.
Will they receive benefits or a package
Anyone in Chandler AZ?
Lots of processors. People with 25 + years. The company should be ashamed treating their long term employees like this. Fire all this horrible management!
I know quite a few peeps have posted that all layoffs are > 40 miles from hub. That is not true. I personally know at least 8 peeps in different positions (processing and underwriting) that were let go today that are located within 40 miles of Minneapolis hub. I worked with all of them in the office pre covid.
Heard it was anyone in processing not within a 40 mile radius of a hub. So about half of processing.
Think Battle of Somme.
I know of several long tenured UW managers and Loan Processors let go in MPLS today
NS engineers and coordinators ,,,,,it was brutal
I know a government lending closing team and an underwriting team in Charlotte
I’m not sure how many but I know from my team there was 2 that got laid off. We’re in home lending (processing)