Layoffs at Ameriquest parent

[waiting hawk]

http://www.ocregister.com/ocregister/homepage/abox/slideshow_1620584.php?pos=0

[AK]

Ton of user comments on that article … sounds like a HUGE layoff in O.C. This brings back memories of following FC.com back in 2000-2001 during the dot-com bust.

Advice to any ex-Ameriquesters out there: Take the first good job you can find. There will be plenty of people behind you in line.

[Anonymous]

Good stuff – I can’t wait to see more layoffs. Many of these jobs would have eventually been outsourced to India anyway. Better that these people get the wake up call sooner so they can retrain into a real career.

[Critter]

FC.com – fond memories of getting the inside scoop from people who were in the trenches. I knew I had to quit my high-tech employment in Del Mar when they blocked access to that site.

[Bugs]

A few months ago I had one of their employees in a class I was teaching and I got to talking with him. He had been recently hired to solve some problems for them relating to the way they had been doing business. They were intending on converting over out of subprime and performing on a more conventional level.

He did describe a management culture at most levels of the company as being fairly corrupt and short sighted, so I don’t know how successful he’ll be at reforming his end of it. He answers to the CEO so I guess it will come down to whether that person is serious enough about running a clean book of loans or not.

I wish him luck at it, even if reform means the company is no longer competitive. This layoff may be part of that remodel.

[Author]

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