Anybody hear this rumor? Any confirmation yet?
14 replies (most recent on top)
Phoenix Mortgage area started layoffs today. Managers were let go today Sept 19, 2022. There are more to come. If you get called in tomorrow you might as well take your personal stuff with you. They will be escorting you out within two minutes of you being told. They are extremely slow and as the new employees in the Philippines learn their jobs they will be taking over. Their pay is a fraction of what Chase has to pay an employee in the US . I hope they are still offering a severance package with the new round layoffs. Does any one know if Chase pays out the pensions or they let you keep them with Chase until you retire?
Management is shutting down rumors about layoffs. There were rumors circulating last week and we had a meeting that there was nothing as of yet. Let’s be honest, we are all slow and jobs are being moved to Manilla.
Are the Tempe mortgage department jobs going to Manila, Philippines also?
Seems like Columbus is good...they have all the refi deals....the rest of us....not so much
Yup! Anyone in mortgage is on the chopping block. No one is safe!
Any dates set on layoffs in September any one knows?
CCS here and it’s definitely slow, there will definitely be layoffs next month. I heard around the 29th
Of course there will be more layoffs. Very few loans and a huge push towards technology in their quest to becoming the Rocket Mortgage of Banks. HINT-thats so they can get rid of YOU. What's laughable is that Chase thinks that they can earn Realtor business. After treating Realtors and purchase business like garbage for the last 20 years, they actually think they can get Realtors to make Chase their "go-to" lender. It's pathetic and funny at the same time.
S&P will crash 80%
Plan accordingly
Credit Card department slow too?
Any layoffs in Credit Cards coming ?? Columbus Ohio??
I haven't heard any rumors in my site, but I know most CCSs are averaging around 20 loans and the site has around 1600 loans. Our site lost a lot of people in the June layoffs, so not sure how deep future cuts will be.
Maybe if Chase didn't sell so many of its mortgages to M&T and force people to deal with Lakeview and the rudest loan servicing reps known to mankind.
No but I believe it. I’m in mortgage and it’s slow