Countrywide Financial Announces Massive Employee Layoffs

On September 8, 2007, the New York Times reported in Countrywide Plans To Cut Staff Deeply that Countrywide Financial, the nation’s largest mortgage lenders, said that it would be eliminating between 10,000 to 12,000 jobs, roughly 20% of its 60,000 workers.

That would be the biggest round of layoffs in the housing industry.

Are you one of the loan officers, processors, consultants, originators or other mortgage loan employees that will be or has been affected by the layoff?

If so, let us know!

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This entry was posted on Thursday, October 4th, 2007 at 8:48 pm and is filed under Mortgage Lenders In The News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site. By using this blog, you agree to the Terms and Conditions. Under the Terms and Conditions, you agree and understand that your use of this blog does not create an attorney-client relationship, and that the contents of the blog does not constitute legal advice. This blog should not be used as a substitute for competent legal advice from a licensed attorney in your state. Wronged by your Employer? Want to Fight Back? Contact A Class Action Attorney at www.ClassActionConnect.com.