Congrats to all let go today with a severance packages through the end of the year. Company is now understaffed for when the market and the rates come back and the rally market pops! You'll all get sizable pay increases after these mortgage companies beg you to come back. Vacation with a pay raise after? Don't threaten us with a good time!
I'm sorry, but this had to go on the front page. The original is here: https://www.thelayoff.com/t/1mq7wAT8
Not all jobs are cyclical based on interest rates and how the wind blows on the street. I have more work than ever.
And when the economy starts coming back, they will leverage automation and will backfill necessary roles. It doesn’t make sense to keep people idle until the economy rebounds. Tenure isn’t worth paying someone sitting around for several years.
While I think it’s great severance was given, as it is most definitely deserved, rates are not coming back any time soon. The original poster is d*a.