Mortgage lender Pennymac recently made the difficult decision to lay off 84 employees in its California offices. This move comes as the company seeks to adapt to the ever-changing and challenging market conditions. The layoffs serve as a reminder of the volatility within the mortgage industry, as companies are forced to make tough choices to maintain profitability and competitiveness.

– Pennymac issues pink slips to 84 staff in California offices amid challenging market conditions
– Layoffs reflect company’s efforts to navigate the ever-changing mortgage industry landscape
– Decision highlights the need for businesses to make tough choices to remain competitive and profitable

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