Amid labor shortage, companies rethink recession layoffs
With workers still hard to find, more businesses appear reluctant to let go of those they have, even as they're beset by inflation and slowing sales.
Source: latimes.com
Page 13 - First Guaranty News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from First Guaranty. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In First Guaranty Today - Breaking & Trending Today
First Guaranty sued for gender discrimination, retaliation
The lawsuit that takes aim at the lender’s leadership including CEO Aaron Samples was filed one day before a mass layoff and a week before its bankruptcy filing.
Source: nationalmortgagenews.com
Fired workers sue First Guaranty Mortgage over lack of notice
One terminated employee says firings occurred via Microsoft Teams
Source: mpamag.com
FGMC owes Customers Bank $25M, bankruptcy filing shows
Pennsylvania-based Customers Bank is listed as the largest unsecured creditor in the FGMC Chapter 11 case — with a claim of $25 million.
Source: housingwire.com
First Guaranty cuts 75% of its workforce
The company blamed ‘unforeseen historical adverse market conditions’ for the mass layoff and said an attempt to obtain funding ahead of the cut was unsuccessful.
Source: nationalmortgagenews.com