HomeBanc lays off staff

ATLANTA: Following its petition for Chapter 11 bankruptcy protection earlier this month, HomeBanc, parent company for HomeBanc Mortgage Corp., has laid off about 40 people in its marketing department, leaving only an IR contact, and about 900 employees overall, according to its former VP of marketing.

ATLANTA: Following its petition for Chapter 11 bankruptcy protection earlier this month, HomeBanc, parent company for HomeBanc Mortgage Corp., has laid off about 40 people in its marketing department, leaving only an IR contact, and about 900 employees overall, according to its former VP of marketing.

HomeBanc has regularly made Fortune's "Best Companies to Work For" list and was one of the largest lenders in the Southeast.

Mark Scott, VP of marketing until August 10, said the layoffs were conducted quickly with no severance packages offered.

"It's a little mind-blowing and probably something that a lot of people should pay attention to, that even a well-known brand can run into problems," he said.

HomeBanc didn't return requests for a statement by press time.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in