Category: staff layoffs

LoanDepot to Lay Off 2,000 Workers Following Mortgage Market Slowdown

July 13, 2022
Business & MarketsCompanieseconomyhousing affordabilitymortgage lendersreal estatestaff layoffsUSUS NewsUS Real Estate
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California-based mortgage lender LoanDepot has announced that it intends to lay off thousands of workers as the company deals with “rapidly changing market conditions.” LoanDepot is aiming to generate about $375 million to $400 million in “annualized savings” by the end of 2022 by adopting measures like headcount reduction, the company said in a July…

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Bombardier to Cut 1,600 Jobs in Move to Reduce Costs and Consolidate Work

February 11, 2021
BombardierCanadastaff layoffsWorld
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MONTREAL—Bombardier Inc. said Thursday it will reduce its overall workforce by about 1,600 jobs as it moves to cut costs. The company said it is making the cuts as it consolidates its Global aircraft completion work in Montreal and reviews options for underutilized hangar and industrial space at its Quebec facilities. “Workforce reductions are always very…

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