A Mortgage Daily analysis of individual states’ employment data has uncovered thousands of previously unreported mortgage-related layoffs this year. California employees suffered the most, while banks took a beating.
Stearns Lending LLC advised the California Employment Development Department in a filing required by the
Worker Adjustment and Retraining Notification Act that it cut 136 jobs.
The layoffs
took place in Santa Ana, where Stearns, a subsidiary of The Blackstone Group LP, maintains its main office. The date of separation was Sept. 23, according to the filing.
Another Blackstone Group subsidiary,
Finance of America Holdings LLC, advised California of 43 layoffs in Roseville on Aug. 7.
A WARN notice
indicated that Home Point Financial Corp. advised 83 people in Lake Forest, California, that they would lose their jobs.
Home Point, which has its headquarters in Ann Arbor Michigan,
made the job cuts on July 16. The reason listed in the filing for the payroll reduction was “closure permanent.”
Wells Fargo & Co. reported to SC Works that it laid off 77 Fort Mill, South Carolina, employees on Aug. 20. The job cuts were part of an earlier round of layoffs.
San Francisco-based Wells Fargo,
which previously reported over a hundred layoffs planned for Frederick, Maryland, on Oct. 23, advised the state’s Department of Labor, Licensing & Regulation that another 61 Frederick layoffs will take place on Nov. 25.
On Aug. 23, Wells Fargo’s home-equity fulfillment group let 53 people go in Pikes Peak, Colorado, a WARN filed with the state’s Department of Labor and Employment said.
The New York Department of Labor was advised by Wells Fargo of 28 layoffs in Pittsford on Aug. 30 and another nine on Nov. 23.
In Des Moines, Iowa, where Wells Fargo Home Mortgage is based, 25 people will be laid off on Oct. 23,
Wells Fargo said in a filing with the Iowa Workforce Development.
Multiple WARN filings in California indicated Wells Fargo laid off 126 Irvine employees on Aug. 19. The reason cited was “closure unknown at this time.” For the same reason, it also cut 96 jobs on Sept. 28 in San Francisco and laid off 86 employees in Rancho on June 22.
In Florida, Wells Fargo advised the Florida Department of Economic Opportunity of 128 layoffs that will take place in Orlando from Oct. 23 to Dec. 31.
An additional 108 people were laid off by Wells Fargo on March 27 in Aberdeen South Dakota, according to a notice sent to the
South Dakota Department of Labor & Regulation.
A WARN filed with the
New Jersey Department of Labor and Workforce Development indicated PHH Home Loans LLC laid off 78 Mt. Laurel employees on March 23.
In Pasadena, California, 575 Bank of America Corp. employees were laid off
on Aug. 6, according to a WARN filing.
BofA cut 103 positions in Kennesaw, Georgia, on April 3, a WARN notice filed with the state’s Department of Labor indicated. Another hundred Atlanta employees will be let go on Nov. 24.
Sixty people are impacted by planned layoffs in Los Angeles by CoreLogic Inc., according to a WARN filing.
The staff reduction takes place on Nov. 16.
MB Financial Bank filed multiple WARN notices with the
Michigan Department of Technology, Management & Budget indicating that it laid off 594 people across the state on April 26.
Lake Mary, Florida, is the location of 58 layoffs at Fiserv LS LLC & ARS Portfolio Svcs LLC, a joint venture, according to a notice sent to the state. The job losses take effect on Nov. 6.
On Dec. 7, Capital One Financial will terminate 104 people in Lincoln, Nebraska, a WARN notice filed with the state’s Department of Labor said.
Capital One also advised New York about 171 layoffs in the Big Apple beginning on Sept. 21.
In Plano, Texas, Capital One slashed 286 jobs on the first of this month, a filing in the Lone Star State said.
Those layoffs followed 102 Plano layoffs on July 1 and 103 layoffs on May 1.
Ditech Financial LLC notified South Dakota of 39 layoffs that took place on Aug. 17 in Rapid City.
U.S. Bank sent a WARN notice to the Ohio
Department of Job & Family Services indicating that 260 employees were terminated beginning on July 9 due to a closing of the facility.
Sixty employees lost their jobs in Irvine, California, as a result of job cuts by U.S. Bank on Aug. 3, a filing with the state’s Employment Development Department.
JPMorgan Chase & Co. has notified the Texas Workforce Commission that it plans to layoff 107 San Antonio employees on Dec. 1. Another 102 people in Houston were-ill be let go on Nov. 12.
In Downers Grove, Illinois, Chase is eliminating 53 jobs on Sept. 23,
a WARN filing with the Illinois Department of Commerce and Economic Opportunity stated.
Another 58 Jersey City, New Jersey, Chase employees were let go on Aug. 12, a WARN filing in that state said.
South Dakota was advised by TCF Bank that 145 people were laid off on Sept. 5.
In Apple Valley, California, Alaska USA Federal Credit Union eliminated 135 positions on Aug. 31, a WARN filing stated.
IBERIABANK Corp. cut 124 positions in Coral Gables, Florida, during the second quarter, a WARN filing stated.
Wisconsin’s Department of Workforce Development was advised by
First Citizens Bank & Trust Co. that 111 employees at two locations are begin laid off from June 7 to Dec. 31.
Ninety-four employees who elected not to accept an offer to work from home were laid off by PNC Bank, N.A.’s,
Customer Care Center in Columbus, Ohio, a WARN filing with the Ohio Department of Job and Family Services said. Thirty-nine of the layoffs took place last month, and 57 are planned for the the fourth quarter.
BB&T Corp. laid off 50 people in Lehigh, Pennsylvania, on June 15, a WARN filing in that state said.
The New York Department of Labor was advised by Sterling National Bank of planned layoffs in New York City. Twenty-four took place in the second quarter,
17 occurred in the third quarter and 11 will happen during the fourth quarter.
Bank of the West released 35 workers in San Ramon, California, on July 29, a WARN filing in that state said.
Banc of California, N.A., advised Golden State employment officials of 13 layoffs on June 26 in Southern California, and another nine planned for Nov. 16.
