Layoffs at Churchill Financial
Mid-market lender Churchill Financial yesterday laid off around one-third of its staffers, peHUB has learned. Most of the cuts came on the origination side, as Churchill has been hammered by the industry-wide deal drought. "The number of origination folks we had compared to the number of deals we had was just out of whack," says a source within Churchill. "These were good people in a bad situation. It didn't have anything to do with them individually... If things turn around, I'd imagine we'd jump right back into hiring mode."
20 February 2009•1 min read
