Another mortgage company laying off employees

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.


See also  Mortgage rates hit their highest level since August 2009 this week. The rate on the 30-year fixed mortgage increased to 5.27%
Help Support Independent Media, Please Donate or Subscribe:
See also  Twitter Employees only work 4 hours per week

Views: 68

Leave a Comment

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