Ellie Mae announces layoffs of 10% of its staff

Following a "restructuring" in the wake of its acquisition by Thoma Bravo, Ellie Mae has announced that it will be cutting employees Source: Mortgage Professional America Read the full article here: ellie mae lays off more than 10% of its staff

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The decision was announced internally and first reported by the Wall Street Journal. The layoffs, which will affect the staff. 10% may receive one-eighth percentage interest rate reduction..

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. "Last week we completed a restructuring of our team so that we can ensure Ellie Mae will continue to grow and achieve our goal of automating the residential real estate finance industry," Ellie Mae said in a statement to HousingWire.

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Ellie Mae announces layoffs of 10% of its staff 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. The company explained those let go are being offered severance packages to help with the transition.

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Ellie Mae announces layoffs of 10% of its staff | 2019-05-20 . By admin 2 months ago . Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a restructuring. Mortgages Maxwell’s digital mortgage software now available through Ellie Mae | 2019-04-23.

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In the wake of its recent acquisition by private equity firm Thoma Bravo, Ellie Mae has announced that it will lay more than 10% of its staff.