AM I NEXT? NO LOVE AT SOUTHERN AUTO FINANCE COMPANY - SAFCO

Fort Lauderdale, Florida-based Southern Auto Finance Company, a lender specializin in auto financing for first-time buyers, people who want to rebuild their credit, and those with hard to verify income, has announced the closure of its Orlando, Florida loan servicing center. The closure will impact 48 employees who will be laid off between August 16, 2021, and November 30, 2021.

Loan servicng operations will move to the company's headquarters.

According to a company spokesperson, "The move will allow us to bring loan servicing and origination under one roof."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? TIAA BANK (o7/06/21)

JULY 6, 2021 — 21 MORE TIAA LAYOFFS IN JACKSONVILLE, FLORIDA

The bank has filed another notice with the State of Florida announcing the closure of its Elite Lender Services subsidiary which provides title insurance and related services to customers. The closure will affect an additional 21 employees.

JUNE 2, 2021 — 48 MORE TIAA LAYOFFS IN JACKSONVILLE, FLORIDA

The bank has filed another notice with the State of Florida announcing an additional 48 layoffs in its Jacksonville office commencing on August 2, 2021. This is the third notice issued within the last six months.

MAY 7, 2021 — Original post…

Jacksonville, Florida-based TIAA Bank, a diversified financial services institution offering banking, mortgages, and investing services, has announced that it will be permanently closing its home lending business unit and laying off approximately 90 employees commencing July 1, 2021. Approximately 200 additional employees will be offered positions at Pittsburgh, Pennsylvania-based PNC National Bank's mortgage servicing operations in Jacksonville, Florida.

It appears that the decision to leave the retail home lending business unit was part of the bank's reorganization plan to focus on originating mortgage loans primarily through the bank's internet platform and other third-party correspondent channels.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT WADDELL & REED FINANCIAL

Shawnee Mission, Kansas-based Waddell & Reed Financial, an asset management, and financial planning company, whose sale to Sydney, Australia-based Macquarie Asset Management, an investment bank, and financial services company, is pending, has announced a reduction in force that will impact 219 employees located in Overland Park, Kansas commencing April 30, 2021.

Macquarie plans to sell Waddell & Reed's wealth management business to Boston, Massachusetts-based LPL Financial Holdings in mid-2021 for $300 million. While LPL said it expected to offer Waddell employees a position, additional layoffs are expected as the company cherry-picks "investment advisers."

roughly 900 advisers and client assets onto its platform.

According to a company spokesperson, "Macquarie, Waddell & Reed and LPL are committed to taking a very careful and thoughtful approach in bringing together the capabilities and resources needed to help advisers, intermediary partners and their clients achieve their investment objectives while delivering exceptional service. Funds investment teams, which are expected to continue managing their portfolios after the sale."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?