In August of 2023, Guaranteed Rate, a renowned leader in the mortgage industry, laid off hundreds of employees. Those affected included tech workers, as well as director-level workers.

The layoffs had a significant impact on the company and those who lost their positions. Former staffers reported that the news came suddenly and unannounced, causing shock and disbelief.

Important points covered in the summary:
• Guaranteed Rate layoffs in August 2023
• Hundreds of employees impacted
• Tech workers and director-level workers were affected
• Company and those laid off were impacted significantly
• News came suddenly and unannounced

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