440 Employees Laid Off At LendingTree Today
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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:.
I worked for this man, he is a great con man and has done this in more than States then ...
You're right. If you come from Central Jersey (as the Boss and I do), you go to Florida at some ...
Maybe it was kryptonite...
ECONOMIC REPORT
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By Mike ...
I couldn't agree more.
The newspaper has always "stuck" it to the real estate agent with rates that were much higher ...
By the way, homeowners trying to get short sale approval should be aware that lenders are comparing the initial loan ...
Ouch! Thankfully I haven't come across anything like that yet. We normally don't have situations like that in ...
well, the guy was here illegally.
serves him right. 
BY USING FIRST CLAIM INSURANCE ADJUSTERS YOU WILL HAVE THE ABILITY TO LOOK AT YOUR INSURANCE SETTLEMENT AND REALIZE FIRST ...
not bad 
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…