Homepoint Layoffs Approach 1,000 Workers
Summary
The spokesperson did say the layoffs amounted to “over 100 people,” and added that it would “technically be accurate to say ‘in the hundreds.’” While the 913 total combines the four WARN Act notices, there is anecdotal evidence that additional employees already have been laid off in at least eight other states, including California, Colorado, Delaware, Minnesota, New Jersey, Ohio, Pennsylvania, and Utah. Homepoint employees in each of those states posted comments on social media last week indicating they already had been laid off. Under federal law, employers with 100 or more full-time employees generally are required to provide written notice at least 60 days in advance of covered plant closings and mass layoffs. The loss followed a a profit in the first quarter, when it reported net income of $11.9 million or 8 cents diluted share. Last week, the spokesperson said the company has "thoughtfully looked across our Human Resource policies and plans on severance, equity, and healthcare to support our impacted associates as they transition."