Another mortgage company laying off employees

by
Sharing is Caring!

Mortgage technology firm cites rising rates, falling refinance applications for cuts.

Blend Labs Inc., a mortgage technology company based in San Francisco, laid off 10% of its workforce this week, citing efforts to “improve cost efficiency and better align its operating structure with its business activities.”

In a filing with the Securities & Exchange Commission (SEC), the company said it planned to eliminate “approximately 200 positions across the company, or approximately 10%” of its current workforce.

Source: nationalmortgageprofessional.com/news/blend-labs-lays-10-its-workforce

See also  The Fed bought up $2.7 trillion in toxic waste mortgage backed securities to reinflate the housing bubble and take those bad loans off the books of its Wall Street bankster accomplices. Next up: Powell will let the banksters transfer their non-performing commercial real estate loans to the Fed.
We are primarily funded by readers. Please subscribe and donate to support us!
Views:

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.