Sorry about this. I have been through this at a previous company which was bought out by another company. They ended up closing down the acquired company which I worked for. This took 2 years to get everything settled, but at the end, we were all laid off. I was lucky enought to find another job before the doors offically closed, but a lot of coworkers and friends had tolive off the severence, which gets a bit tight.
Mortgage companies are going down faster than the Titanic near an iceberg with those low rates and Dictator George XLIII Cheney hasn't done diddly poo because of their focus on this so-called War on Terrorism.
Yep pretty much. And that makes me glad I'm out of the real estate/mortgage game now. Last time there was a downturn like this, it took at least 5 years before things started to get better.
This is really bad news. I have been in your situation before and it is not fun.
This whole industry is not in very good shape but it looks like you have a lot of experience so while I am sure it will be tough you have an advantage that others don't. And many of your skills are transferrable I am sure, so there are other industries that you might want to look at.
Good luck. And if I see anything -- I work in the Irvine Spectrum -- I will let you know. There are several lenders around in this area and other businesses as well...
Sorry to hear this DD, Its good you will be getting severance, many companies hat close their doors are not able to do that. Its sad to see the shape of the mortgage industry right now, I know so many people that are over extended on their home loans, thankfully we never took money out of our house or I would probably be in the same place as many of my friends.
Maybe its time to start a whole new career! I am facing possible layoff next week (as many as 300-600 employees could be effected...rumor mill hasn't seemed to get a good number yet!) and I am 50/50 if I will be one of the ones impacted. We have a pretty good package, so I should be ok for a while. But at this point I see it as an opportunity to start something new!
Oh D, I'm so sorry! I know you are more "grieving" the loss of what you had and that total desire to go back to life as normal when you are finally done kicking cancers tushie, but it still sucks. Keep in touch with the co-workers that you had the most fun with and the most in common - because when they find jobs, they might be able to help get you in the door somewhere too!
I love my awesome crazy wonderful friends!!
"Do you remember in kindergarten, how you’d meet a kid,
then 10 seconds later you’d be playing like you were best friends?"
I'm so sorry DD...Maybe you will be able to find something better once your health gets better and such. I just can't believe how many companies are closing down nowadays though. My company I work for isn't doing that great and everywhere I turn I see coffee shops and such opening up just for them to close 3 months later. Strange.