Industry News

Announcements of mortgage layoffs nearing 70,000

Morgan Stanley, UBS latest to announce job cuts
Published on Oct 3, 2007

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by CareyBot

Mortgage and subprime lenders have announced nearly 70,000 layoffs in the first three quarters of 2007, according to outplacement consulting firm Challenger, Gray & Christmas Inc., which tracks company announcements of job cuts. That’s a more than five-fold increase from ...