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Layoffs

ReAlpha lays off 25% of employees, cites AI

Artificial Intelligence, Industry News, Layoffs /

ReAlpha Tech Corp. is conducting layoffs claiming artificial intelligence is reducing the need for some employees. Processing Content The real estate technology company reduced its workforce, which includes full-time employees, consultants, temporary workers and independent contractors, by about 25% and consolidated select vendor relationships. Together, these moves will save the company roughly $2 million over […]

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Summit lays off dozens in wake of CrossCountry deal

Industry News, Layoffs, M&A, Originations /

Shortly after announcing a merger agreement with retail lender CrossCountry Mortgage, Summit Funding said it will permanently eliminate 163 positions across the company.  Processing Content The Sacramento, California-based home lender informed state officials in a mandatory Worker Adjustment and Retraining Notification filing dated March 19, just one day after the merger was officially announced. The

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Mr. Cooper eliminates more than 100 positions in California

Industry News, Layoffs, M&A, Originations /

Mr. Cooper is laying off more than 100 California employees, the latest reduction in force following its recent acquisition by Rocket.  Processing Content The company, which now operates as a fully owned unit of Rocket Cos., notified state officials of the intent to permanently eliminate 102 positions in a Worker Adjustment and Retraining Notification Act

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HUD to lay off 400 employees amid government shutdown

HUD to lay off 400 employees amid government shutdown

HUD, Layoffs, Politics and policy /

Adobe Stock The Trump Administration’s threat to layoff federal workers if the government shutdown continued came to fruition Friday, including some housing cuts. Employees from seven departments were laid off, 442 from HUD, according to a court filing Atlanta News First obtained. In total, 4,200 employees received notices, a little over 10% of which came

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