Recent News and Discussions About Pimco Layoffs
PIMCO-backed FGMC lays off most staffers – HousingWire
PIMCO-backed FGMC lays off most staffers – nomisec
https://nomisec.com/technology/artificial-intelligence/pimco-backed-fgmc-lays-off-most-staffers/
According to two former FGMC employees, the company on Friday laid off around 500 employees without severance payment, meaning only 100 staffers remain. “They …
Fired workers sue First Guaranty Mortgage over lack of notice
https://www.mpamag.com/us/news/general/fired-workers-sue-first-guaranty-mortgage-over-lack-of-notice/411529
Jun 30, 2022 — Another round of layoffs – albeit a much smaller one involving some 50 workers – occurred last March after PIMCO pulled its investment in …
Mortgage industry stung by more mass job layoffs
https://www.mpamag.com/us/news/general/mortgage-industry-stung-by-more-mass-job-layoffs/411353
Jun 29, 2022 — As reported by multiple media outlets at the time, PIMCO , in 2015, purchased a sizable stake in First Guaranty Mortgage which was set at the …
FGMC lays off most of its staff – NEXT Mortgage News
https://nextmortgagenews.com/news/fgmc-lays-off-most-of-its-staff/
Jun 27, 2022 — Investment management firm PIMCO bought a large share of the company in 2015 and restructured it in 2018 with layoffs and administrative …
Pimco plans layoffs as investors continue to pull out
https://www.latimes.com/business/la-fi-pimco-layoffs-20160616-snap-story.html
Jun 16, 2016 — Pimco plans to lay off 68 workers, according to reports from Bloomberg and Fox Business. The firm has lost nearly half a trillion in assets …
PIMCO Chief Warns About Potential US Recession …
https://www.theepochtimes.com/pimco-chief-warns-about-potential-us-recession-significant-growth-slowdown_4569514.html
Jun 30, 2022 — Many businesses have also announced large layoffs , raising concerns about an economic recession. In early June, Tesla CEO Elon Musk announced …
‘A Tough, Horrible Day For Everybody’ At FGMC – NMP
https://nationalmortgageprofessional.com/news/tough-horrible-day-everybody-fgmc
Jun 28, 2022 — As much as this sounds like the poorly handled layoff last December at … They all pointed first to PIMCO , a California-based investment …
A Long List of Mortgage Layoffs, Mergers, and Closures
A never-ending list chronicling the latest mortgage layoffs , lender closures, and company mergers. … Pimco – bought stake in First Guaranty Mortgage
Layoffs Watch ’16: PIMCO To Say Some Tough Good-Byes
https://dealbreaker.com/2016/06/pimco-layoffs
Jul 2, 2019 — Pacific Investment Management Co. plans to cut its workforce as assets under management have fallen since the September 2014 departure of Bill …