AM I NEXT? NO LOVE AT NYSE GROUP

New York, New York-based NYSE Group, which owns the New York Stock Exchange, has announced a post-acquisition cost reduction initiative related to the acquisition of Archipelago Holdings, an electronic trading platform. The company is transitioning from on-floor trading specialists to electronic trading.

The personnel realignment targets 520 employees which includes 400 full-time employees and 120 consultants.

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. We see good people being laid off through no fault of their own. 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 NEWREZ (06/08/24)

JUNE 8, 2024 — 317 EMPLOYEES IN GREENWOOD, COLORADO

In a post-acquisition reduction in force, the company is laying off 317 employees at its Greenwood Village, Colorado, facility, a former Specialized Loan Servicing location. Separations will commence on August 2, 2024.

MAY 20, 2024 — Original blog post…

Fort Washington, Pennsylvania-based Newrez, a nationwide mortgage lender and servicer owned by asset manager Rithm Capital, has announced layoffs in Greenwood Village, Colorado, and Jacksonville, Florida.

The layoffs, scheduled for July 1, 2024, will impact 103 employees at the company's Greenwood Village office and 53 jobs at its Jacksonville office, including processors, underwriters, loan officers, and legal and secondary marketing operations.

The layoffs follow the acquisitions of Computershare Mortgage Services and its affiliate, Specialized Loan Servicing.

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. We see good people being laid off through no fault of their own. 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 STRATEGIC FINANCIAL SOLUTIONS

Amherst, New York-based Strategic Financial Solutions, a consumer-facing debt settlement and resolution service that also serves attorneys, has ceased most operations and is implementing a mass layoff of all employees with the exception of a small Court-approved group (about 76 employees) to service attorney accounts.

The closure will impact all 838 employees, with 240 employees located in Buffalo, New York, 251 employees in New York City, and the remaining 350 employees are remote workers.

According to the Consumer Financial Protection Bureau and seven state attorneys general, the company allegedly was “running an illegal debt-relief enterprise" that fraudulently obtained more than $100 million from consumers.

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. We see good people being laid off through no fault of their own. 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?