There's a video on Youtube (google Pennymac Layoffs 2024) from some lady in the mortgage industry saying that Pennymac will be laying of 56 employees from three offices in CA on January 16th. Haven't seen anything else about it online with a WARN... — read more 

Over a 100 devs/IT and 30 people on the business side of scrum

Pennymac will lay off 70 workers effective Dec. 30 across five Southern California locations, it disclosed last week in California Worker Adjustment and Retraining Notifications. It's the lender's latest round of cuts after letting over 400... — read more 

More than 200 people across California are being served their walking papers. I'm thinking this will not end here. These layoffs are not too far behind the last round so it's possible that this will continue for several more rounds until they reach... — read more 

How was severance?

"Nationwide mortgage lender PennyMac announced a permanent layoff of 81 employees at its office in the Olympus Corporate Center on Douglas Boulevard in Roseville. The company told Placer County last week that it would lay off staff permanently... — read more 

PROCESSORS AND UW LAYOFFS

What's your prediction?

10 mortgage officers laid off, 2 Sales managers demoted and all of Pennymac Wholesale closing