A review of state employment data indicates that several real estate finance firms have recently made, or are planning to conduct, rounds of layoffs involving dozes of employees.
HSBC, which is eliminating 197 positions in Brandon, Florida, during September and October, laid off 360 during June and July, according to filings with the Florida Department of Economic Opportunity.
Such filings are required by the Worker Adjustment and Retraining Notification Act sixty days in advance of an employer’s planned job cuts involving 50 or more people.
Source: Mortgage Daily
