Ellie Mae announces layoffs of 10% of its staff

Ellie Mae announces layoffs of 10% of its staff wilfred contents interactive system brings private equity investor thoma bravo Fastest-growing independent mortgage companies National mortgage association (fannie Can mortgage technology.

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While the pain of downsizing-related layoffs can’t be avoided entirely, it can be mitigated. Anticipating the duration and depth of an industry downturn, for example, can definitely help a manager prepare and deploy HR practices that will, in turn, help both employees and firms adjust to difficult times.

Ellie Mae announces layoffs of 10% of its staff May 20, 2019 / in Uncategorized / by Lindsay Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a move that includes the layoff of about 10% of its staff.

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Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a restructuring that includes the layoff of about 10% of its staff.

Employee expenses were $10.3 million higher in 2018 than 2017, because of the additional headcount, the SEC filing said. In the fourth quarter of 2018, Ellie Mae reported net income of $84,000, compared with $12.4 million in the third quarter of 2018 and $9.9 million in the fourth quarter of 2017.

Americans began to feel less confident in the housing economy as 2017 came to a close, reversing the increase in optimism from the previous month, according to Fannie Mae’s Home Purchase Sentiment.

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It’s the first major round of layoffs in a previously announced plan to cut the bank’s workforce. as well as fluctuations in volume, by reducing its total staff of 265,000 by 5% to 10% in the next.