PLEASE BE CAREFUL! With the current W2 mailed, I had a big issue when filing for taxes. I didn’t even see it before going to the tax lawyer. He mentioned the bank hasn’t added how much they have deducted the city taxes and only shows the deduction of... — read more 

A lot of people were affected yesterday, what about today? Does anyone know if it’s over or if more cuts are coming?

Has anyone mailed the paperwork? Got a call from HR yesterday asking about it…

If it is unvested, it is taken back even if laid off! Horrible company!

Why we have to sign waivers? So that they can pay less?

Today I was told by HR and my manager that my position is no longer needed. I do not have offer at Mr. Cooper so this seems like easy to figure out. After 12 years at this Bank putting all my heart and soul into it, I was told I can leave all... — read more 

Unhealthy environment! I suggest employees in the bank to leave as well, more importantly WEST BRIGHTON, No manager, they said she is on sick leave, from the time she had left the bank it has been utmost difficult to deal with this branch! I have... — read more 

They have been going to various universities and hiring students?? To be laid off around December! These people are crazy! I want to fu--ing leave this bank!

What’s up with the whole acting CIO?

New York Community Bancorp unit Flagstar Bank will lay off around 1,900 employees, the U.S. regional lender said on Thursday, amid efforts to turn around its struggling business. Flagstar announced around 700 job reductions and said an additional... — read more 

Managers have received memo on selecting who to stay, who to move team and who to let go

This should be investigated as one of the most bias and worst layoff ever. It seems the good, hard working, loyal employees are laid off while incompetent, political and lazy people remains. People with connection know who in the list weeks in... — read more 

This had nothing to do with performance. It's so disheartening to see good people who gave their all to the bank shown the door without a second thought, while some of the slackers who are only good at butt-kissing are still here. The leadership... — read more 

Or will layoffs continue? Godspeed to all affected today.

Multiple employees were fired, often with less than 10 minutes notice over the course of 2 days. Total was around 700 employees through all sections, including members of the financial side and IT side of the business. Nobody within the executive... — read more 

A thousand layoffs are occurring this week and next across all states. Rumor has it there are huge operational and bsa concerns requiring mandatory downsizing to help reduce 4th quarter losses. They are trying to get the layoffs completed by the next... — read more 

about 10 colleagues was told the were let off, severance is 2 weeks for each year of service

It is refreshing to see the positive changes, Rid NYCB of NYCB! New bank.

This merger has been an absolute mess. I am glad to CEO resigned as the bank is much bigger than him now.

And you can rest assured, half billion dollar increase in loan-loss reserves, Munsun leaving, dividend cut, layoffs are to follow. Maybe someone acquires, but there will be layoffs either way - not sure how we got here but it for sure does not look... — read more 

I'm a former employee I quit back in September. Before I left anyone that quit jobs was not being filled. The Cleveland office had about 150+ employees when I first started & when I left it was around 30 employees left.

Nothing more to add, great company to work for, very stable.