A Major Blood-Letting at loanDepot. Planned Layoffs of 2,000…

Inside Mortgage Finance, July 12, 2022–Paul Muolo
loanDepot, the nation’s seventh largest home lender, Tuesday morning announced a major cost-cutting plan that will result in layoffs of at least 2,000 full-timers by yearend 2022, leaving the publicly traded nonbank with a head count of roughly 6,500 at Dec. 31. Its peak in employment: 11,300 in late 2021.
https://www.insidemortgagefinance.com/articles/225103-loandepot-prepared-to-slash-staff-cut-costs-stock-hammered-in-premarket?v=preview