First Guaranty Mortgage Files For Bankruptcy Protections
The move comes days after laying off 80 percent of its staff
The move comes days after laying off 80 percent of its staff
Power buyer Orchard also reportedly laid off about 100 employees amid market slowdown
The total number affected will be more than 1,000 workers, with about half moved to different divisions
The online rental search company is said to be “right-sizing” amid a changing market
The company plans an 8 percent reduction in its workforce following a market slowdown
The brokerage plans to eliminate 10 percent of full-time positions—not agents
The company also announced plans to cut back on expansion
The company has also confirmed plans to dial back expansion efforts
In an e-mail sent to employees, CEO Guy Gal announced plans for a 10 percent reduction in team
The mortgage lender infamously cut 900 staff in December via Zoom and 3,000 more staff last month
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