California lender Country Club Mortgage is set to lay off more than 100 employees, a move that includes the termination of its president and CEO. These lay-offs are attributed to “facility closures,” although specific details surrounding the closures remain undisclosed. With this decision, the company aims to realign its operations, incurring necessary restructuring costs.

Key points:

– Country Club Mortgage, a California-based lender, is initiating staff reductions affecting over 100 employees, which includes the departure of the president and CEO.
– The lay-offs are a result of undisclosed “facility closures” within the company.
– The lender is taking this action to restructure its operations, attempting to adapt to changing market conditions and improve efficiency.

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