440 Employees Laid Off At LendingTree Today
The housing slowdown has hit another victim today, or should we say 440 victims, as Lending Tree is laying off 20 percent of it’s 2,200 employees. This news follows the announcment last month that LendingTree CEO Tom Reddin was leaving for family reasons.
If I had to guess, there is going to be some rotten news coming out of the company shortly after the departure of the CEO and layoffs of 440 employees.
“The mortgage market has changed dramatically over the last quarter,” says company spokeswoman Rebecca Anderson. “This decision was a proactive move to adapt to the current market.”
Anderson declines to break down how many employees will lose their jobs in each city.
Affected employees will receive severance packages and outplacement services, she says.
The layoffs come in the wake of Tom Reddin’s departure as chief executive of the business. Reddin surprised even his corporate superiors last month, announcing he would retire effective May 7 to spend more time with his family. via the Charlotte Business Journal:.
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
I have a few Litograghs of Presidents homes , made by Richard V. Sebring. yr. 1990 Do they have any ...
I see the question I have, but no response. I do not have a for sale sign up ...
Comment by Sock Puppet on 11 May 2007:
I’m sorry but that timing is funny as hell.
“Um…I’ll be leaving now…”
GAA-WHUMPFFFF!!!!
Gosh Tom you just missed the damnest thing…