Below someone said they were letting employees go on Friday. Was that in mortgages?
Is Cleveland, Ohio and Tempe, AZ the only mortgage/call centers still open?
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Let's call these layoffs what they are - RIFs not layoffs. It gives the department an opportunity to sometimes reclassify and redefine a job, its description and qualification needs.
Layoffs are temporary and job positions are not eliminated while RIFs are a reduction in work force. The main reason for a layoff is that there is not enough work for the employee to do or some other business decision has led to a role being redundant or unneeded at the current time. Employers who issue layoffs do so temporarily, with the honest intention of recalling employees as soon as business picks up. Though layoffs are considered temporary employment termination they can become permanent if the role isn't needed after a certain amount of time and becomes a RIF.
A RIF, reduction in force, is when there is no longer a need for an employee’s position and the termination of employment is permanent from the start. Job position is eliminated.
Example - department needs more clerks but less VPs and analyst's. RIF the 1/2 the VPs and all the analysts and reclassify the jobs to clerks. Cost less in the long run.
They are not going overseas; each country is leaving the CORRUPT central bank system and are now being backed by their own minerals such as gold and silver. No more slaves to the big banks!!!!
Leave and go where???? Nobody is hiring di----t!
Everyone says to just leave, don’t you think we aren’t trying to get out? Common sense is fundamental. NOBODY IS SAFE the market WILL CRASH and all jobs are going OVER SEAS. We aren’t 3 and we know what’s going on.
Just leave!! So many opportunities. These fools don’t deserve anything with their archaic mentality or you can hold your breath and find out.
I don’t think it was in HL didn’t hear about any layoffs