Just as Countrywide was getting ready to be bought by Bank of America they realized they could no longer afford to pay its employees. So rather than laying them off, they opted to fire everyone for bogus reasons, then deny their unemployment by lying about the real reason they terminated them. They even strong armed some long-time employees by telling them they either had to go to their Collections or Foreclosure departments or be terminated, forcing employees to go to a department that paid far less, was more stressful, and had longer hours.
Every week I hear of another person losing their job at Countrywide.
This company is the reason for the mortgage industry being in the position its in and now they are making the economy worst with all the people that are now out of jobs, ineligible for unemployment assistance, and can't find a job because of the current job market.
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