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Doma cuts workforce by 40% as part of its ‘reduction plan’

Doma cuts workforce by 40% as part of its ‘reduction plan’

Doma cuts workforce by 40% as part of its ‘reduction plan’
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Doma lays off 15% of work force as Q1 revenue declines - HousingWire
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Despite a 40% year-over-year increase in market share during the first quarter of 2022, Doma Holdings was unable to produce a net profit. The post Doma lays off 15% of work force as Q1 revenue declines appeared first on HousingWire.
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Mortgage fintech Tomo cuts nearly a third of its workforce
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Lending fintech Tomo Networks cut nearly a third of its workforce Tuesday and will dial back its expansion plans, the company confirmed Wednesday.The Stamford, Connecticut-based firm laid off 44 employees ahead of a bumpy economic cycle, it said in a statement. It’s the latest mortgage fintech to undertake layoffs and the most recent lender to cite rising interest rates and reduced volume for downsizing.“While we explicitly don't offer refinance mortgages because of the risky boom and bust ...
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The latest jobs cut was at Angel Oak Home Loans, which reduced its headcount by 57 employees, comprising 15% of the total, a spokesperson told HousingWire.   The post Angel Oak Home Loans cuts 15% of its workforce appeared first on HousingWire.
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