Flagstar Layoffs - Flagstar bank's new owner confirmed tuesday that it did a significant number of employee layoffs late last week when it restructured its mortgage division to adjust to the. Flagstar bank is laying off 1,900 people and taking a $20 million hit โ but just two years ago, it was experiencing more financial success than ever. Hereโs a closer look at what exactly. New york community bancorpโs subsidiary, flagstar bank, has announced plans to cut approximately 1,900 jobs as part of a broader effort to restructure and streamline its. Flagstar bank cut 8% of its employees, or about 700 workers, and has plans to lay off more. The bank, a subsidiary of new york community bancorp, said thursday that the cuts.
Flagstar bank's new owner confirmed tuesday that it did a significant number of employee layoffs late last week when it restructured its mortgage division to adjust to the.